Fenix Parts, Inc. (NASDAQ:FENX), the automotive recycler, announced Consolidated net revenues of Fenix Parts were $32.8 million for the first quarter of 2016 compared to $30.2 million in the fourth quarter of 2015 and $31.4 million on a combined pro forma basis in the first quarter of 2015. Sales of recycled OEM products were $28.8 […]
Premium Growth Slows and Combined Ratio Creeps Up for Property/Casualty Insurers in 2015
Net written premium growth declined to 3.4 percent in 2015. Profits up due to capital gains increases. Auto frequency and severity trends part of challenging environment for insurers. Private U.S. property/casualty insurers saw their net written premium growth slow to 3.4 percent in 2015 from 4.2 percent a year earlier, while their net income after […]
Boyd Group Reports Same Store Sales Up 7.4% in First Quarter
Overall sales increased by 24.3 percent. Softening demand in second quarter could result in lower growth. Added 20 collision repair centers since start of year. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three-month period ended March 31, 2016. Sales increased by 24.3 percent to CA$350.4 million ($270.6 million) from […]
Allstate First Quarter Income Down Due to Catastrophe Losses
The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the first quarter of 2016. The company reported that total revenue of $8.9 billion in the first quarter of 2016 declined compared to the prior year quarter, as increased insurance premiums were more than offset by lower net investment income and realized capital losses, which are […]
KAR Auction Services Reports 18% Revenue Increase in First Quarter
KAR Auction Services, Inc. (NYSE:KAR), reported its first quarter financial results for the period ended March 31, 2016. For the first quarter of 2016, the company reported revenue of $745.0 million as compared with revenue of $632.4 million for the first quarter of 2015, an increase of 18 percent. Net income for the first quarter […]
Axalta Reports Sales Up on Constant Currency Basis
Axalta Coating Systems Ltd. announced its financial results for the first quarter ended March 31, 2016. The company reported net sales of $955.6 million for the first quarter of 2016 increased 3.0 percent year-over-year excluding unfavorable foreign currency translation. Sales decreased 3.4 percent as-reported. Net sales growth was driven by 5.1 percent higher average selling […]
LKQ Reports 8.3% Revenue Growth in First Quarter
The LKQ Corporation today reported record revenue for the first quarter of 2016 of $1.92 billion, an increase of 8.3 percent as compared to $1.77 billion in the first quarter of 2015. Net income for the first quarter of 2016 was $107.7 million, an increase of 0.6 percent as compared to $107.1 million for the […]
Uni-Select Reports Paint Segment Sales up 17.3% in First Quarter
Uni-Select Inc., (TSE:UNS) the parent company of FinishMaster with automotive refinish and industrial paint and related products across North America, as well automotive aftermarket parts business in Canada, reported $264.0 million in sales, up 3.2 percent organically and up 10.8 percent in total, excluding divestitures for its first quarter ended March 31, 2016. “I am […]
Fenix Parts Announces Fourth Quarter and Full Year 2015 Results
Fenix Parts, Inc. (NASDAQ: FENX) announced fourth quarter and full year 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in May 2015, an acquisition (Ocean County Auto Wreckers) in August 2015 and two additional acquisitions (Butler Auto Sales and Parts and Tri-City Auto Salvage) in October 2015. Consolidated revenues […]
Boyd Group Reports Revenue Up 39% in 2015
The Boyd Group (TSE: BYD.UN), the multiple collision repair facility operator and glass service provider, reported its financial results for both the fourth quarter of 2015 and the full year yesterday. The company also provided guidance for 2016 and a long-term projection of future growth. For the year, sales increased by 39.1 percent to CA$1.2 […]