Surplus sets new record as stock market recovers from downturn. Private U.S. property/casualty insurers’ net income after taxes and underwriting gains remained strong despite small declines compared with the prior year, according to Verisk (NASDAQ:VRSK) and the American Property Casualty Insurance Association (APCIA). Net income after taxes declined to $32.8 billion for the first half […]
Copart Reports Fiscal Fourth Quarter Revenue Up 20.8%
Copart, Inc. (NASDAQ:CPRT) reported its financial results for it fiscal fourth quarter and year ended July 31. For the fourth quarter, Copart reported revenue of $542.6 million, gross profit of $242.6 million, and net income of $153.5 million. These represent an increase in revenue of $93.4 million, or 20.8%; an increase in gross profit of […]
Boyd Group Reports Same Store Sales Up 5.2% in Second Quarter
Overall sales increased by 25.4 percent in the quarter compared to 2018. Announces CEO succession plan. The Boyd Group Income Fund (TSE:BYD.UN) announced sales increased by 25.4% during the second quarter ended June 30 to CA$572.5 million ($430.22 million) from CA$456.6 million ($343.12 million) in 2018, including same-store sales increases of 5.2%. The result is […]
IAA Reports Second Quarter Revenue Growth of 10%
Reports year-to-date revenue growth at 7.9% IAA, Inc. (NYSE: IAA) today announced consolidated revenues for the second quarter of 2019 that ended June 30 increased 10.0% to $366.4 million from $333.2 million in the second quarter of fiscal 2018, primarily due to increased volumes of approximately 6% and higher revenue per vehicle of approximately 4%. […]
Universal Technical Institute Reports Revenue Up 5.9% in Fiscal Third Quarter
Universal Technical Institute, Inc. (NYSE: UTI) reported revenue increased 5.5% to $79.0 million for the fiscal 2019 third quarter ended June 30 compared to $74.9 million in 2018. According to the training provider, the increase was driven by higher average full-time enrollment. New student starts, excluding the Norwood, Mass. campus that will close in […]
Uni-Select Reports 2019 Second Quarter Sales of $456 Million
FinishMaster reported organic growth 0.7% in quarter and 1.9% for the six month period. Uni-Select (TSE:UNS) today reported consolidated sales of $456.2 million for the second quarter down 5.996 million or 1.1 percent compared to the second quarter of 2018. According to the company, results were affected by a foreign currency conversion impact amounting to […]
LKQ Reports Revenue Growth Over 7%
Organic parts and services growth declined 2.1 percent. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2019 of $3.25 billion, an increase of 7.2 percent as compared to $3.0 billion in the second quarter of 2018. For the second quarter of 2019, parts and services organic revenue declined 2.1 percent, (1.3 percent […]
Messe Frankfurt Reports Sales Up Over 7% in 2018
Messe Frankfurt, the Germany-based organizer of the Automechanika trade shows, announced growth continued in the past financial year. Speaking at the Corporate Press Conference on June 27, Wolfgang Marzin, President and Chief Executive Officer of Messe Frankfurt announced the company set a new record of approximately €718 million ($812.4 million) in sales. According to the […]
P/C Insurers Report Strong First-Quarter Underwriting Results
Net written premiums down for first time since Great Recession. Private U.S. property/casualty insurers’ profitability as measured by their annualized rate of return on average policyholders’ surplus increased to 9.4 percent, the best first-quarter result since 10.8 percent in 2015, according to Verisk (NASDAQ:VRSK), the data analytics provider, and the American Property Casualty Insurance Association […]
Copart Reports Fiscal Third Quarter Revenue Up 15.7%
Copart, Inc. (NASDAQ: CPRT) reported that for the three months ended April 30, revenue, gross profit, and net income were $553.1 million, $251.6 million, and $192.7 million, respectively. These represent an increase in revenue of $74.9 million, or 15.7 percent; an increase in gross profit of $32.5 million, or 14.8 percent; and an increase in […]
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