Refinish net sales up 4.9 percent excluding the impact of foreign currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the third quarter ended September 30, 2016. The company reported net sales of $1.0234 billion for the third quarter of 2016 benefitting from volume and pricing growth that was offset in part […]
LKQ Corporation Announces Third Quarter Revenue Up 30%
Reports year-to-date organic growth of 5.1 percent. LKQ Corporation (LKQ) today reported revenue for the third quarter of 2016 of $2.39 billion, an increase of 30.3 percent as compared to $1.83 billion in the third quarter of 2015. Net income for the third quarter of 2016 was $122.7 million, an increase of 21.1 percent as […]
PPG Reports Third Quarter Earnings
Automotive refinish sales growth at “a low-single-digit” percentage rate. PPG (NYSE:PPG) today reported third quarter 2016 net sales of $3.8 billion, up almost 2 percent versus the prior-year figure of $3.7 billion. Sales volumes grew 1.6 percent and acquisition-related sales contributed more than 2 percent, partly offset by a slight decline in selling prices. Unfavorable […]
Property/Casualty Insurers Report $21.7 Billion Net Income After Taxes in First-Half 2016
Insurers report $1.5 Billion Net Underwriting Loss. Combined ratio deteriorated to 99.8 percent in first half of 2016. Premium growth slows. Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016—the first year-to-date net underwriting loss in more than three years—and saw their net income after taxes drop […]
Copart Reports Revenue Up 17.8% in Fiscal Fourth Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for its fiscal fourth quarter and year ended July 31, 2016. For the three months ended July 31, 2016, revenue, gross margin, operating income, and net income were $332.7 million, $141.5 million, $106.2 million, and $84.1 million, respectively. These represent an increase in revenue of $50.4 million, or 17.8 […]
Boyd Group Report 18.8 percent Sales Growth in Second Quarter
Same store sales up 5.1 percent during quarter. Collision repair facility operator has added 38 locations this year. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three and six-month periods ended June 30. For the quarter, sales increased by 18.8 percent to CA$331.0 million ($256 million) from CA$278.7 million ($215.6 million) […]
LKQ Reports 5.6% Parts and Services Organic Revenue Growth in Second Quarter
LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the second quarter of 2016 of $2.45 billion, an increase of 33.3 percent compared to $1.84 billion in the second quarter of 2015. Net income for the second quarter of 2016 was $140.7 million, an increase of 17.6 percent as compared to $119.7 million for the same […]
Uni-Select Reports Paint Segment Sales Up 26% in Second Quarter
Uni-Select Inc. (TSE:UNS), the parent company of FinishMaster with automotive refinish and industrial paint and related products across North America, reported $323.8 million in sales, up 0.1 percent organically. According to the company increases in its paint sales were offset by declines in automotive products during second quarter ended June 30. Paint segment sales were […]
MAPFRE USA Reports $56.6 Million First-Half Profits, Increases Premiums 9%
MAPFRE USA returned to a $56.6 million pre-tax profit in the first half of 2016, compared with a $114 million loss the year earlier, related to the heavy snowstorms that hit the North East of the United States in the previous winter. At the same time, the company generated revenue of $1.42 billion in the […]
Axalta Releases Second Quarter 2016 Results
Refinish sales up over 9 percent excluding the impact of currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) today announced its financial results for the second quarter ended June 30, 2016. Axalta reported net sales of $1.065 billion for the second quarter of 2016 due to both volume and pricing growth, but decreased 2.7 percent year-over-year […]
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