FinishMaster US sales up 2.1 percent compared to 2016. Uni-Select reported consolidated sales for the third quarter ended September 30 were $395.8 million, a 24.3 percent increase compared to the same quarter last year, driven by the sales generated from recent business acquisitions, adding sales of $84.0 million or 26.4 percent of which The Parts […]
Boyd Group Reports Sales Increased 13.5% in Q3 over Last Year
Acquisitions drive sales increases, overcoming headwinds from hurricanes and currency conversion that negatively impact performance. Same store sales up 1.1 percent on per day basis. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three and nine-month periods ended September 30, 2017. During the quarter, Sales increased by 13.5 percent to […]
Axalta Reports 7% Sales Increase in Third Quarter
Refinish sales down on distributor working capital adjustments and Venezuela deconsolidation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales of $1.091 billion for the third quarter of 2017 that ended September 30, an increase of 7.0 percent, including 1.9 percent in favorable foreign currency translation contribution. Constant currency net sales increased 5.1 percent in the […]
LKQ Reports 11.7% Revenue Growth for Third Quarter 2017
Organic growth in North America up 4 percent on per day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2017 of $2.47 billion, an increase of 11.7 percent as compared to $2.21 billion in the third quarter of 2016. Income from continuing operations for the third quarter of 2017 was $122 […]
Property/Casualty Insurance Industry’s Net Income Drops to $15.5 Billion in First-Half 2017
Decline of over 29 percent in net income compared to 2016 The private U.S. property/casualty insurance industry saw its net income after taxes drop to $15.5 billion in first-half 2017 from $21.8 billion in first-half 2016—a 29.2 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall […]
Copart Reports 13.8 percent Revenue Increase in Fiscal Fourth Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter and year ended July 31, 2017. For the three months ended July 31, 2017, revenue was $378.6 million, an increase of $45.9 million, or 13.8 percent versus the same quarter last year. Gross margin, and net income were, $167.5 million, and $70.3 million, respectively. These represent […]
Boyd Group Reports Second Quarter Sales Up 16%
Same store sales up 3.4 percent Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three and six-month periods ended June 30. Sales increased by 16.0 percent to CA$384.0 million ($299.8 million) from $331.0 million ($260.7 million) in 2016, including same-store sales increases of 3.4 percent excluding the impact of foreign exchange […]
GEICO Premiums Written Up 16.7% in Second Quarter
Policies in force up 10 percent, premiums up five percent. Losses, however, increase faster than premiums. Berkshire Hathaway reported results for the second quarter of 2017 including GEICO, the second largest private passenger auto insurer in the U.S. GEICO premiums written in the second quarter were $7.27 billion, up $1 billion of 16.7 percent versus […]
Allstate Reports Improved Earnings in Second Quarter
Allstate brand auto insurance net written premiums up 3.3 percent. Average auto premiums up 5.4 percent. Claims technology improving efficiency. The Allstate Corporation (NYSE: ALL) reported its consolidated revenue for the second quarter of 2017 increased 4.6 percent to $9.587 billion compared to $9.164 billion in the same quarter of 2016. For the six month […]
Axalta Reports Sales Up 2.3 percent in Second Quarter
Refinish sales, however, were down on lower volume in South America and EMEA. Also pricing pressure from selling channel consolidation impacts refinish in North America. Axalta Coating Systems reported second quarter net sales of $1.1 billion, up 2.3 percent as-reported. On a constant currency basis, net sales increased 3.8 percent in the period, driven by […]
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