Refinish up “mid-single digit” percentage. PPG (NYSE:PPG) today reported second quarter 2018 net sales of about $4.1 billion, up nearly 9 percent versus the prior year. Net sales in local currencies grew approximately 6 percent year-over-year aided by higher selling prices of more than 2 percent, sales volume growth of more than 3 percent and […]
Copart Reports Revenue Up 27.9% in Fiscal Third Quarter
Copart, Inc. (NASDAQ:CPRT) reported revenue for the its fiscal third quarter ended April 30, was $478.2 million an increase of $104.3 million, or 27.9 percent above the same quarter in 2017. Gross profit was $219.1 million, an increase of $46.6 million, or 27.0 percent. Net income was $127.3 million, an increase of $36.8 million, or […]
Property/Casualty Insurance Industry Net Income Declines 15.8 Percent in 2017
Hurricanes and wildfires drive underwriting losses. Net income showed improvement in fourth quarter Private U.S. property/casualty insurers saw investment gains push the industry’s surplus to a new all-time-high value of $752.5 billion in 2017, a $51.7 billion increase from 2016, and catastrophe losses suppressed the industry’s net income after taxes to $36.1 billion in 2017, […]
Boyd Group Reports Sales Up 19.6% in First Quarter
Same stores sales up 4 percent The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three-month period ended March 31, 2018. Sales increased by 19.6 percent to CA$453.3 million ($351.6 million) from CA$378.9 million ($293.9 million) in 2017, including same-store sales increases of 4.0 percent Adjusted earnings before interest, taxes, depreciation […]
Universal Technical Institute Reports Revenue Down 4.4% in Fiscal Second Quarter
Universal Technical Institute, Inc. (NYSE: UTI) reported financial results for the fiscal 2018 second quarter ended March 31, 2018. Revenues for the quarter were $80.7 million, compared to $82.5 million for the prior year period. The year-over-year revenue variance was primarily attributable to a 4.4 percent decrease in UTI’s average student population. Operating expenses for […]
Uni-Select Reports 42% Sales Increase in First Quarter Driven by The Parts Alliance Acquisition
FinishMaster organic sales down 2.8 percent versus 2017 Uni-Select Inc. (TSX:UNS) reported consolidated sales for the first quarter ended March 31 were $422.1 million, a 42.0 percent increase compared to the same quarter last year, driven by the sales generated from recent business acquisitions including The Parts Alliance, adding sales of $121.6 million or 40.9 […]
Axalta Reports Sales Up 15.7% in First Quarter
Refinish sales up 6.2 percent after benefit from currency conversion Axalta Coating Systems Ltd. (NYSE:AXTA) announced first quarter net sales of $1.165 billion increased 15.7 percent year-over-year, driven by volume growth of 8.6 percent primarily from acquisition contribution, 0.8 percent higher average selling prices and a 6.3 percent foreign currency benefit. First quarter net sales […]
LKQ Reports Revenue Up 16.1% in First Quarter
Organic revenue growth for parts and services of 3.7 percent LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the first quarter of 2018 of $2.72 billion, an increase of 16.1 percent as compared to $2.34 billion in the first quarter of 2017. For the first quarter, parts and services organic revenue growth was 3.7 percent […]
PPG Reports $3.8 Billion Sales in First Quarter
Overall sales up nearly 9 percent versus prior year. Refinish up “mid-single-digit percentage” versus 2016. PPG (NYSE:PPG) reported first quarter 2018 net sales of about $3.8 billion, up nearly 9 percent versus the prior year. Net sales in local currencies grew approximately 3 percent year-over-year aided by higher selling prices of almost 2 percent. Selling […]
Boyd Group Achieves Record Revenue of CA$1.6 billion in 2017
Collision repair facility acquisition pipeline remains as good as ever but same store sales being limited by technician availability. Will use tax reform savings to improve employee benefits and competitiveness for techs. The Boyd Group Income Fund (TSE: BYD.UN) reported its financial results for the three and twelve-month periods ended December 31, 2017. The company […]
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