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 […]
Property/Casualty Insurers Report $13.3B in Net Income after Taxes in First-Quarter 2016
Increases in catastrophe losses, higher combined ratios and declining investment income caused a 26.6 percent decline in net income from 2015. Private U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015, a 26.6 percent decline, and their annualized quarterly yield on investments […]
Fenix Parts Reports Revenue Up in Q1
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 […]
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