Revenue Up 27.4 percent in first six month of fiscal year to December 31. Costs of Blackstone Private Equity due diligence over AU$900,000 Australia’s AMA Group Ltd. (ASX:AMA) reported its results for the first six months of its Fiscal year that ended December 31, 2017. The firm reported revenue of AU$228.356 million ($176.9 million) for […]
State Farm Reports Auto Premiums Up 7.2% in 2017 While Claim Expense Declines
Auto insurance underwriting loss narrows to 2.8 billion in 2017 The State Farm property-casualty (P-C) group of companies today reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. The 2017 underwriting loss, […]
Copart Reports 31.3% Increase in Second Quarter Revenue
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal second quarter ended January 31. For the three months ended January 31, revenue, gross margin, and net income were $459.1 million, $191.6 million, and $103.3 million, respectively. These represent an increase in revenue of $109.6 million, or 31.3 percent; an increase in gross margin of $44.8 […]
LKQ Reports Revenue Up 13.4 percent in 2017
Organic revenue growth for year was 4.1 percent LKQ Corporation (NASDAQ:LKQ) today announced financial results for its fourth quarter and full year ended December 31. For the fourth quarter of 2017, revenue was $2.47 billion compared with $2.15 billion for the fourth quarter of 2016, an increase of 14.9 percent. For the fourth quarter, parts […]
Acquisitions Drive Uni-Select Sales Up 42.6% in Fourth Quarter
FinishMaster US sales up 10.1% in the fourth quarter, 8.2% for the year. Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, today reported sales up 42.6 percent to $415.0 million in the fourth quarter and up 21.0 percent to $1,448.3 million for 2017 due to the Parts Alliance and other acquisitions combined with organic sales growth […]
Allstate Reports Revenue Up 6.1% in Fourth Quarter, Tax Cuts Save $506 Million
Allstate brand auto net written premiums up 4.2 percent on growth in average premium. Accident frequency declined in the quarter. The Allstate Corporation (NYSE: ALL) reported financial results for the fourth quarter of 2017. In the fourth quarter, the company reported revenue of $9.843 billion, up 6.1 percent from $9.278 billion in the fourth quarter […]
Axalta Reports Sales Up 7% in 2017
For the year, net sales were $4.35 billion, up 7.0 percent versus 2016, largely driven by acquisition contribution. Refinish up 4.7 percent in Q4 benefiting from currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the fourth quarter and full year ended December 31. Axalta reported net sales of $1,164.8 million for […]
ICBC Blames CA$935 million in First Nine Months on Surge in Crashes
The Insurance Corporation of British Columbia (ICBC) yesterday reported a net loss of CA$935 million ($757.6 million) for the first nine months of our current fiscal year covering April 1 to December 31, 2017. According to ICBC, “This is obviously a sizeable and significant loss, and is further evidence of the growing financial pressures we […]
PPG Reports Sales Up Nearly 8% in Fourth Quarter of 2017
Automotive refinish coatings organic sales improved by a mid-single-digit percentage. PPG (NYSE:PPG) reported fourth quarter 2017 net sales of approximately $3.7 billion, up nearly 8 percent versus the prior year. Sales volumes increased by 3 percent year-over-year and selling prices improved sequentially for the third consecutive quarter, adding less than 1 percent to sales growth. […]
Copart Reports Revenue Up 21.1% in First Quarter Fiscal 2018
Copart, Inc. (NASDAQ: CPRT) last week reported its financial results for the quarter ended October 31. For the quarter ended October 31 revenue was $419.2 million, gross margin was $163.3 million, and net income was $77.5 million. These represent an increase in revenue of $73.2 million, or 21.1 percent; an increase in gross margin of […]
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