Overall sales up 11% over 2021. Inflation drives raw material costs up 25% year-over-year. PPG (NYSE:PPG) reported April 21 that it had record first quarter net sales of $4.3 billion for the first quarter 2022. The result was 11% higher than the previous year. Sales were up due to higher selling prices (+10%), lower sales […]
AkzoNobel Delivers Double-Digit Revenue Growth in First Quarter
Pricing in line with raw material inflation. Akzo Nobel N.V. (AKZA; AKZOY) revenue was €2,525 million ($2,737 million) up 12% in the first quarter of 2022 compared to last year and 10% higher in constant currencies, driven by strong pricing, up 17%. Pricing initiatives more than offset the increase of raw material and other variable […]
Boyd Group Reports Sales of $1.9 Billion in 2021
Sales were up nearly 20% overall. Same store sales up 7%. Boyd Group Services Inc. (TSE:BYD) announced sales increased by 19.9% to $1.9 billion in 2021 from $1.6 billion in 2020. Same-store sales increased 7.0% for the year. Fiscal 2021 had two fewer selling and production days when compared to fiscal 2020, which reduced selling […]
Berkshire Hathaway Reports GEICO Premiums Written Up Nearly 10% in 2021
Second largest auto insurer reports average collision coverage severity up in 15-16% range. Berkshire Hathaway reported its 2021 earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO premiums written in 2021 increased $3.5 billion (9.9%) compared to 2020, which included a reduction of approximately […]
State Farm Reports Record Growth in Auto Policies But Lower Earned Premiums
The largest auto insurer in the U.S. returned $401 million in dividends to auto policyholders even with higher claim costs. State Farm Insurance Companies announced it experienced record growth in auto, home and life policies in 2021. While experiencing record growth in auto policies, State Farm reported another year-over-year decrease in auto earned premium. The […]
CCC Reports Revenue of $187.1 Million in Fourth Quarter
CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) announced total revenue was $187.1 million for the fourth quarter ended December 31, up from $165.4 million for the fourth quarter of 2020. Adjusted for the impact of the divestiture of a portion of its professional services casualty solution in December 2020, total revenue grew 19% in the fourth […]
Uni-Select Reports Sales Up 9.6% in Fourth Quarter
FinishMaster organic sales up 8.5% compared to 2020. Uni-Select Inc. (TSE:UNS) on Friday reported consolidated sales of $400.2 million for the fourth quarter ended December 31, up by 9.3%, mainly driven by organic growth of 7.5% and favorable Canadian and British currency fluctuations, offsetting the adverse effect of fewer billing days. Consolidated organic growth continued […]
LKQ Corporation Reports Fourth Quarter Revenue of $3.2 Billion, up 7.9% versus 2020
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% as compared to $3.0 billion in the fourth quarter of 2020. For the fourth quarter of 2021, parts and services organic revenue increased 6.6% (7.3% on a per day basis), while the net impact of acquisitions […]
Driven Brands Reports Revenue of Over $391 Million in Fourth Quarter Up 36% Versus 2020
Paint, Collision & Glass segment same-store sales up 11.4% in quarter. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue was $391.9 million in its fourth quarter ended December 25, 2021, an increase of 36% versus the prior year. System-wide sales were $1.2 billion, an increase of 26% versus the prior year, with 6% net store growth […]
Axalta Reports 2021 Sales of $4.4 Billion Up Over 18% from 2020
Company reports improved operating results despite continued supply chain challenges. Persistent inflation was partially offset by continued pricing gains. Axalta Coating Systems Ltd. (NYSE: AXTA) announced net sales of $1,137.2 million increased 5.8% year-over-year for its fourth quarter ended December 31. Net sales for the full year were $4,416.2 million, an increase of 18.2% year-over-year; […]
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