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You are here: Home / Archives for Earnings

Liberty Mutual Insurance Reports Increasing Auto Premiums and Losses

March 2, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, Liberty Mutual Insurance

State Farm Announces $5.5 Underwriting Loss in 2016

March 1, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, State Farm

LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter

February 23, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Earnings, LKQ Corporation

Copart Reports 16.6% Revenue Increase in Fiscal 2017 Second Quarter

February 22, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Copart, Earnings

Axalta Releases Fourth Quarter Results

February 9, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Axalta Coating Systems, Earnings

Uni-Select Reports FinishMaster Sales Up 17.7% in Fourth Quarter Due to Acquisitions

February 9, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, FinishMaster, Uni-Select

Allstate Reports Auto Combined Ratio Improvements in 2016

February 2, 2017 By CollisionWeek Editor

Allstate Featured

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 […]

Filed Under: Research Tagged With: Allstate Insurance, Claim Frequency, Earnings

PPG Reports 2016 Financial Results, Acquires Refinish Company in China

January 20, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, China, Earnings, PPG Industries

Universal Technical Institute Fiscal 2016 Revenue Down 4.3%

November 30, 2016 By CollisionWeek Editor

UTI logo

Universal Technical Institute, Inc. (UTI), the leading provider of automotive technician training, today reported revenues for the fourth quarter ended September 30, 2016 of $86.9 million, a 4.1 percent decrease from $90.7 million for the fourth quarter of the prior year. The Net loss for the fourth quarter ended September 30, 2016 was $8.9 million […]

Filed Under: News Tagged With: Earnings, Universal Technical Institute

Boyd Group Reports Same Store Sales Up 4.7 percent in Third Quarter

November 10, 2016 By CollisionWeek Editor

Collision repair facility operator reports overall sales increased by 14.7 percent during quarter, Sales up 19.2 percent year to date. The Boyd Group Income Fund (TSE:BYD.UN) reported its financial results for the three and nine-month periods ended September 30. Sales increased by 14.7 percent to CA$345.3 million ($256.2 million) from CA$301.1 million ($223.4 million) in […]

Filed Under: News Tagged With: Boyd Group, Earnings

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