Late filing leads to default under credit facility, hires firm to evaluate strategic alternatives Fenix Parts, Inc. (NASDAQ:FENX) announced third quarter 2016 results on March 28. Consolidated net revenues of Fenix Parts were $32.5 million for the third quarter of 2016, compared to $34.2 million in the second quarter of 2016, and $32.2 million on […]
Boyd Group Reports 18 percent Annual Increase in Revenue
Same store sales increased 5.3 percent for the year. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three and twelve-month periods ended December 31, 2016. According to the multiple collision repair shop operator, sales increased by 18.1 percent to CA$1.4 billion ($1.05 billion) from CA$1.2 billion ($897.1 million) in 2015, […]
Liberty Mutual Insurance Reports Increasing Auto Premiums and Losses
Global private passenger auto net written premiums up 4.8 percent in 2016. Commercial auto up 8.8 percent. Liberty Mutual Holding Company Inc. (LHMC) and its subsidiaries reported net income of $143 million for the fourth quarter ended December 31, 2016 and $1.006 billion for the year. This represents a decrease of $268 million for the […]
State Farm Announces $5.5 Underwriting Loss in 2016
Overall earned premiums up five percent to $61.7 billion. Auto earned premiums up 6.9 percent to $38.8 billion. The State Farm property-casualty (P-C) companies yesterday reported an underwriting loss of $5.5 billion in 2016 on earned premium of $61.7 billion, compared to an underwriting loss of $2.1 billion on earned premium of $58.6 billion in […]
LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter
Organic parts and service revenue growth was up 4.8 percent. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent compared to $95.1 million 2015. Net income for full year 2016 was […]
Copart Reports 16.6% Revenue Increase in Fiscal 2017 Second Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended January 31, 2017. For the three months ended January 31, 2017, revenue, gross margin, and net income were $349.5 million, $146.8 million, and $66.1 million, respectively. These represent an increase in revenue of $49.8 million, or 16.6 percent; an increase in gross margin of $22.2 […]
Axalta Releases Fourth Quarter Results
Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the fourth quarter and full year ended December 31, 2016. The company reported net sales of $1.029 billion for the fourth quarter benefited from both volume and pricing growth, offset by a 3.0 percent negative impact from foreign currency translation. Constant currency net sales increased […]
Uni-Select Reports FinishMaster Sales Up 17.7% in Fourth Quarter Due to Acquisitions
Uni-Select Inc. (TSE:UNS) yesterday reported its financial results for the fourth quarter ended December 31, 2016. Consolidated sales for the fourth quarter were $291.0 million, a 12.3 percent increase, mainly driven by the sales generated from recent business acquisitions, for the most part in the US, representing an increase of 15.3 percent. On an organic […]
Allstate Reports Auto Combined Ratio Improvements in 2016
Allstate brand auto insurance average premium increased 7 percent, policies in force declined during fourth quarter The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the fourth quarter and full year of 2016. Total 2016 revenue of $36.5 billion reflected a 3.3 percent increase in property-liability insurance premium and a 5.4 percent increase in Allstate […]
PPG Reports 2016 Financial Results, Acquires Refinish Company in China
PPG (NYSE:PPG) yesterday reported fourth quarter 2016 net sales of $3.5 billion, down more than 1 percent versus the prior year. Sales in local currencies increased by more than 1 percent aided by sales volume growth approaching 2 percent year-over-year. The net impact from business portfolio actions contributed less than 1 percent to sales growth […]
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