Parent of FinishMaster reports growth in refinish sales for both the fourth quarter and full year. Uni-Select Inc. the distributor automotive refinish and industrial paint and related products across North America, as well as in the automotive aftermarket parts business in Canada, reported financial results with increased EBITDA margins for the fourth quarter ended December […]
Property/Casualty Insurers More Profitable in First Nine-Months of 2015
Net written premiums and investment income both up. Profitability measure grows 1.2 percentage points. Private U.S. property/casualty insurers’ net income after taxes grew to $44.0 billion in the first nine months of 2015 from $37.8 billion in nine-months 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing […]
Axalta Releases Fourth Quarter and Full Year 2015 Financial Results
Axalta Coating Systems Ltd. (AXTA) reported fourth quarter net sales of $1.0 billion, a 4.5 percent year-over-year increase before the impact of unfavorable foreign currency translation of 11.5 percent. Sales decreased 7.0 percent on an as-reported basis. For the quarter ended December 31, 2015, adjusted EBITDA was $212.8 million up 4.0 percent compared to 2014 […]
Allstate Reports Growth in Auto Premiums Written in 2015
While premiums are growing, so are auto accidents. The Allstate Corporation (ALL) yesterday reported financial results for the fourth quarter and full year 2015. Auto insurance net premiums written for all three brands, Allstate, Esurance and Encompass, grew 5.1 percent to $20.7 billion in 2015 versus $19.7 billion in 2014. Allstate brand auto, the largest […]
Solera Reports Second Quarter Revenue Up 9%
Solera Holdings, Inc. (SLH) reported results for the second quarter of fiscal year 2016. Revenue for the second quarter was $308.0 million, a 9.0 percent increase over the prior year revenue of $282.7 million. On a constant currency basis, revenue for the second quarter increased by approximately 16.3 percent over the prior year second quarter […]
PPG Reports Higher Sales in Q4
PPG Industries yesterday reported fourth quarter 2015 net sales from continuing operations of $3.7 billion, consistent with the prior year. Net sales in local currencies grew 7 percent year-over-year, with acquisition-related sales adding 5 percent and sales volume growth contributing nearly 2 percent. Unfavorable foreign currency translation impacted net sales by 7 percent, or about […]
Copart Reports Lower Sales, Earnings in Fiscal 2016 First Quarter
Copart, Inc. (NASDAQ:CPRT) yesterday reported its financial results for the quarter ended October 31. For the three months ended October 31, 2015, revenue was $288.8 million, a decrease in revenue of $1.5 million, or 1.5 percent from the same quarter last year. Gross margin was $120.9 million, a decrease in gross margin of $1.4 million, […]
Fenix Parts Announces Third Quarter 2015 Results
Fenix Parts, Inc. (NASDAQ:FENX), the automotive recycler, announced third quarter and year-to-date 2015 results. Fenix completed its IPO and the acquisitions of its eight founding companies in mid-May 2015, and another acquisition, of Ocean County Auto Wreckers in August 2015. The accompanying financial statements include results of Fenix Parts, as a standalone entity for the […]
CCC Posts First Quarter Profit
CCC Information Services Group Inc. (Nasdaq: CCCG) reported net income from continuing operations of $5.2 million, or $0.20 per share, for the first quarter ended March 31, 2002 compared with a net loss from continuing operations of $2.8 million, or $0.13 per share, in the same quarter of 2001. Operating income rose to $9.2 million […]
Snap-on Announces New Chairman of the Board Declares Dividend
Snap-on Incorporated (NYSE: SNA) announced that Dale F. Elliott, Snap-on president and chief executive officer, and a member of its board of directors, has been elected to the additional position of chairman of the board. Elliott, 47, assumes the role from retiring chairman, Robert A. Cornog. “We thank Bob for his many contributions to Snap-on […]