Axalta Coating Systems Ltd. (NYSE:AXTA) reported its refinish end-market net sales increased 11.5 percent to $440.7 million in the third quarter of 2018 that ended September 30 and increased 13.9 percent excluding foreign currency with significantly positive pricing coupled with mid-single digit volume growth. Axalta’s overall third quarter net sales of $1,139.3 million increased 4.4 […]
LKQ Corporation Reports Revenue Growth of 26.6% in Q3
Reports organic revenue growth for parts and services of 4.3 percent, announces $500 million stock repurchase program. LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the third quarter of 2018 of $3.12 billion, an increase of 26.6 percent as compared to $2.47 billion in the third quarter of 2017. For the third quarter of 2018, […]
Property/Casualty Insurance Industry Net Income More Than Doubles to $34 Billion in First-Half 2018
Lower catastrophe losses and growing premiums drive profits higher. Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, according to ISO, a Verisk (NASDAQ:VRSK) […]
Copart Reports Fourth Quarter Fiscal 2018 Revenue Up 18.7%
Copart, Inc. (NASDAQ: CPRT) reported financial results for the quarter and year ended July 31. For the three months ended July 31, revenue, gross profit, and net income were $449.2 million, $188.4 million, and $109.7 million, respectively. These represent an increase in revenue of $70.6 million, or 18.7 percent; an increase in gross profit of […]
Universal Technical Institute Reports Revenue Down 1.8% in Third Quarter 2018
Universal Technical Institute, Inc. (NYSE: UTI), the provider of transportation technician training, reported financial results for the fiscal 2018 third quarter ended June 30,. Revenues for the quarter were $74.9 million, down 1.8 percent compared to $76.3 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 5.1 percent decrease […]
Boyd Group Reports Second Quarter Sales Up 18.9% from 2017
Same store sales up 3.2 percent. The Boyd Group Income Fund (TSE:BYD.UN) on Friday reported its financial results for the three and six-month periods ended June 30. Sales increased by 18.9 percent to CA$456.6 million ($348.11 million) from CA$384.0 million ($292.76 million) in 2017, including same-store sales increases of 3.2 percent. Adjusted earnings before interest, […]
Uni-Select Reports Second Quarter Sales Up 35.6%
Uni-Select Inc. (TSX: UNS) reported its financial results for the second quarter ended June 30. Sales up 35.6 percent to $461.6 million of which The Parts Alliance contribution represented $111.0 million or 32.6 percent. The company reports positive organic growth of 0.7 percent at FinishMaster US segment, 8.6 percent at The Parts Alliance on a […]
Allstate Grew Auto Insurance Premiums and Policies in Force During Second Quarter
Allstate, the fourth-largest auto insurer in the U.S., announced it achieved total revenue of $10.1 billion in the second quarter of 2018 up 2.9 percent compared to the prior year quarter. Property and casualty insurance premiums earned increased 5.5 percent. “Allstate’s businesses continue to deliver excellent results, growth is accelerating and we are on pace […]
Axalta Names Terence Hahn New CEO, Release Second Quarter Earnings
Former Honeywell and Air Products exec to lead coatings manufacturer. Second quarter sales up over 10 percent. Axalta Coating Systems Ltd. (NYSE:AXTA) announced the appointment of Terrence Hahn as Chief Executive Officer, effective September 4, succeeding Charlie Shaver, who served as Axalta’s Chairman and Chief Executive Officer since 2013. Hahn will also serve on Axalta’s […]
LKQ Reports Organic Parts and Service Growth of 7.2% in Second Quarter
LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the second quarter of 2018 of $3.03 billion, an increase of 23.3 percent as compared to $2.46 billion in the second quarter of 2017. For the second quarter of 2018, parts and services organic revenue growth was 7.2 percent and acquisition revenue growth was 12.7 percent, while […]