Announces search for new president and CEO. Launched performance improvement and rightsizing plan for FinishMaster US. Uni-Select Inc. (TSE:UNS) reported on its earnings for the fourth quarter of 2018 and full year results. The company provided updates on its search for a new president and CEO and its previously announced review of “strategic alternatives” for […]
Copart Reports Fiscal Second Quarter Revenue Up 5.6% Revenue Increase
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31. For the three months ended January 31, 2019, revenue, gross profit, and net income were $484.9 million, $208.2 million, and $131.4 million, respectively. These represent an increase in revenue of $25.8 million, or 5.6 percent; an increase in gross profit of $16.6 million, […]
Allstate Reports Auto Policies in Force Up in Fourth Quarter
Allstate brand auto net written premiums up 5.7 percent in 2018. Sees increase in total losses on newer vehicles due to increased part cost, technology and repair complexity. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter and full year of 2018. “Allstate continues to deliver strong operating results while building the […]
Universal Technical Institute Reports Fiscal Q1 2019 Revenue Up 2.3%
New student starts up 14.8 percent. Universal Technical Institute, Inc. (NYSE: UTI), reported financial results for the fiscal 2019 first quarter ended December 31, 2018. Revenues increased 2.3 percent to $83.1 million, compared to $81.2 million for the prior year period. An additional earning day and higher average tuition with virtually flat average students led […]
Axalta Reports Refinish Sales Up 3.1 Percent in Fourth Quarter
Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales of $1,158.1 million for the fourth quarter of 2018 ended December 31, 2018, a decrease of 0.6 percent, including 3.3 percent negative foreign currency translation impact. Constant currency net sales increased 2.7 percent in the period, driven by 4.4 percent higher average selling prices, offset partly by […]
Boyd Group Reports Third Quarter Sales Up 17.3%
Same store sales up 4.9 percent. The Boyd Group Income Fund (TSE:BYD.UN) today reported sales increased by 17.3 percent to CA$459.6 million ($347.5 million) from CA$391.9 million ($296.3 million) in 2017 for the quarter ended September 30. Same-store sales increased 4.9 percent. Normalizing for the impact of hurricanes last year, same-store sales increased 3.6 percent. […]
Uni-Select Inc. Reports Third Quarter Sales up 13.4%
Uni-Select Inc. (TSE: UNS) today reported its sales increased 13.4 percent to $448.8 million for the third quarter ended September 30, driven by the sales generated from business acquisitions of $47.8 million or 12.1 percent, essentially from The Parts Alliance UK segment. All three segments reported positive organic growth for the quarter, producing a consolidated […]
Axalta Reports Refinish Sales Up 11.5% in Third Quarter
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) […]
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