Organic Revenue Growth 3.8 percent, on same-day basis up 4.9 percent. LKQ Corporation (NASDAQ:LKQ) on July 27 reported revenue for the second quarter of 2017 of $2.46 billion, an increase of 6.7 percent as compared to $2.30 billion in the second quarter of 2016. Income from continuing operations for the second quarter of 2017 was […]
Uni-Select Reports Second Quarter Sales Up 5.1%
Finishmaster sales up 6.6 percent Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, today reported sales for the second quarter of $340.3 million, a 5.1 percent increase compared to the same quarter last year. The increase was driven by the sales generated mainly from recent US business acquisitions, adding sales of $33.7 million or 10.4 percent […]
U.S. Property/Casualty Insurance Industry Reports $7.7 Billion Net Income in First Quarter
Net income drops 42.2 percent due to the highest first quarter catastrophe losses since the 1994 Northridge earthquake. The private U.S. property/casualty insurance industry saw its net income after taxes drop to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016—a 42.2 percent decline—and its overall profitability as measured by its annualized rate […]
Copart Reports Revenue Up Over 7% in Fiscal Third Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended April 30. For the three months ended April 30, 2017, revenue of $373.9 million an increase of $26.6 million, or 7.7 percent over the same quarter in the previous year. Gross margin was $172.5 million, an increase of $14.9 million, or 9.4 percent for the […]
Boyd Group Reports 8.2 percent Increase in Revenue for First Quarter
Same store sales up 1.2 percent, impacted by mild winter weather and currency conversion. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three-month period ended March 31. According to the multiple collision repair shop operator, sales increased by 8.2 percent to CA$378.9 million ($277.2 million) from CA$350.4 million ($256.3 million) […]
Property/Casualty Insurers Report $4.7 Billion Net Underwriting Loss in 2016
While suffering an underwriting loss, the industry reported net income of $42.6 Billion, a 25 percent decline from 2015. Private U.S. property/casualty insurers suffered a $4.7 billion net underwriting loss in 2016, following an $8.9 billion net underwriting gain in 2015, and experienced a 25 percent drop in net income after taxes to $42.6 billion from […]
Uni-Select Reports Sales Up 12.6% in First Quarter
Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, reported its financial results for the first quarter ended March 31. The company reported $297.2 million in sales, up 12.6 percent. According to the company, the increase was driven by the sales generated mainly from recent U.S. business acquisitions, resulting in additional sales of $44.5 million or 16.8 […]
Allstate Reports Improved Earnings as Auto Claim Reduction Offsets Increased Catastrophe Losses
Mild winter reduced auto claim expenses. The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the first quarter of 2017. “We are off to a strong start in 2017 on both operating priorities and strategic initiatives. The value of providing customers a broad range of protection products across North America was evident as significant catastrophe […]
LKQ Reports Record Results for First Quarter
Revenue growth of 21.9% to $2.34 billion, Organic Growth for parts and services 4.5% LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the first quarter of 2017 of $2.34 billion, an increase of 21.9 percent as compared to $1.92 billion in the first quarter of 2016. Income from continuing operations for the first quarter of […]
Axalta Releases First Quarter 2017 Earnings
Refinish sales up 5.7 percent excluding foreign currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the first quarter ended March 31. First quarter net sales of $1.0078 billion were driven by volume growth of 8.9 percent, offset partly by 1.2 percent lower average selling prices and by a 2.2 percent negative […]
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