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CCC Reports $232.6 Million Revenue in Second Quarter

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Revenue for the quarter was up 10% year-over-year. Added over 600 collision repair facilities to its platform year-to-date. CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), today announced total revenue was $232.6 million for the second quarter of 2024 ended June 30, an increase of 10% from $211.7 million for the second quarter of 2023. “CCC […]

Sherwin-Williams Company Reports Second Quarter Sales of $6.27 Billion

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The Sherwin-Williams Company (NYSE: SHW) reported consolidated net sales increased 0.5% in the second quarter ended June 30 to $6.27 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the quarter increased 12.1% to $1.44 billion, or 22.9% of net sales. Net sales in Sherwin-Williams’ Performance Coatings Group (PCG) that includes automotive refinish increased […]

PPG Reports Sales of $4.8 Billion in Second Quarter

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Overall organic sales flat compared to last year, refinish down mid-single digits on comparison to record quarter in 2023. PPG (NYSE:PPG) reported net sales of $4.794 billion for the second quarter of 2024, down 2% from $4.872 billion in the second quarter last year. Net income was $528 million, up 8% from 490 million in […]

AutoNation Reports CDK Cyberattack Will Negatively Impact Earnings by $1.50 per Share

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In an SEC filing today, AutoNation (NYSE: AN) announced that it estimated its earnings per share to be reduced by approximately $1.50 per share due to the result of the CDK Global cyberattack affecting dealer management systems. “As a result of the incident’s impacts, we currently estimate earnings per share for the quarter ended June […]

U.S. Property and Casualty Insurers Projected to Have $21.1 Billion in Underwriting Losses Last Year

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Verisk & APCIA estimate shows the industry facing continued challenges from natural catastrophe events, inflation. Verisk (NASDAQ: VRSK), the global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), a national trade association for home, auto, and business insurers, today remarked on full-year 2023 losses for the insurance industry, which they […]

Copart Reports Fiscal Third Quarter Fiscal Revenue of $1.13 Billion

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Copart, Inc. (NASDAQ: CPRT) reported financial results for its fiscal third quarter ended April 30, 2024. Revenue was $1.13 billion, up $105.4 million or 10.3% from the same period last year. Gross profit and net income attributable to Copart, Inc. were $525.5 million, and $382.3 million, respectively. These represent an increase in gross profit of […]

Allstate Reports Auto Premiums Earned Up 11% in First Quarter

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Reports auto claim frequency declined on mild weather, more than offsetting higher claim costs. The Allstate Corporation (NYSE: ALL) reported total revenues of $15.3 billion in the first quarter of 2024, up 10.7%, or $1.5 billion, compared to the prior year quarter driven by higher average premiums that resulted in a $1.3 billion increase in […]

GEICO Reports Premiums Written Up 7.3% in First Quarter

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Collision claim frequency was down in range of 4-5% in the quarter, but severity was up 4-6%. Berkshire Hathaway reported its earnings for the first quarter of 2024 on May 4, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. GEICO’s premiums written were $10.796 billion in the […]

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