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You are here: Home / Archives for Earnings

Boyd Group Reports Sales of $2.9 Billion in 2023

March 20, 2024 By CollisionWeek Editor

Overall sales were up 21.1% compared to 2022. Added 106 new locations during the year. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 21.1% to $2.9 billion, up from $2.4 billion in 2022. Same-store sales increased 15.8% during the year. Fiscal 2023 recognized one less selling and production day when compared to […]

Filed Under: News Tagged With: Boyd Group, Earnings

State Farm Reports $14.1 Billion Underwriting Loss in 2023

March 1, 2024 By CollisionWeek Editor

Second year in a row reporting record underwriting loss on increased severity and catastrophe losses. In 2023, State Farm property and casualty insurance companies experienced growth in policies while also reporting record underwriting losses due to continued elevated claims severity and significant catastrophe activity, for both the auto and homeowners insurance companies. The State Farm […]

Filed Under: News Tagged With: Earnings, State Farm

CCC Reports 2023 Revenue of $866 Million

February 29, 2024 By CollisionWeek Editor

Full year revenue up 11% versus previous year. CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) reported total revenue was $866.4 million for the full year of 2023, an increase of 11% from $782.4 million in 2022. For the fourth quarter, total revenue was $228.6 million up 12% from $204.1 million for the fourth quarter of […]

Filed Under: News Tagged With: CCC, Earnings

GEICO Reports Underwriting Profit of $3.6 Billion

February 27, 2024 By CollisionWeek Editor

Loss ratio was 81% in 2023, down 12.1 percentage points from the previous year when the company reported a $1.88 billion pre-tax underwriting loss. Berkshire Hathaway reported its 2023 earnings on February 24, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S.   GEICO’s pre-tax underwriting earnings in […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claims Severity, Earnings, GEICO, Net Written Premiums

Driven Brands Reports Revenue Up 13% to $2.3 Billion for 2023

February 23, 2024 By CollisionWeek Editor

Revenue increase result of 7% same-store sales growth and 4% net store growth. Paint, Collision & Glass segment same store sales up 6.4%. Driven Brands Holdings Inc. (NASDAQ: DRVN) announced revenue the fiscal year ended December 30, 2023 of $2.3 billion, up 13% versus the prior year. System-wide sales were $6.3 billion, up 12% versus […]

Filed Under: News Tagged With: Driven Brands, Earnings

LKQ Reports Revenue of $3.5 Billion in Fourth Quarter

February 22, 2024 By CollisionWeek Editor

Quarterly revenue up over 16% and full year revenue up more than 8% compared to 2022. LKQ Corporation (NASDAQ:LKQ) today reported fourth quarter revenue of $3.5 billion, a 16.6% increase compared to $3.0 billion for the same period of 2022. Annual revenue was $13.9 billion, an 8.4% increase compared to $12.8 billion for the full […]

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

Axalta Reports Net Sales Up 6.1% in 2023

February 8, 2024 By CollisionWeek Editor

Fourth quarter net sales up 4.9%. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its fourth quarter net sales increased 4.9% year-over-year to $1.3 billion. The increase in net sales was driven by a 2.3% foreign exchange benefit, 1.7% improvement in volumes, and 0.9% price-mix growth. Net income increased 68% year-over-year to $74 million versus $44 million […]

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

Sherwin-Williams Reports Net Sales Up 4.1% in 2023 to Record $23.05 Billion

January 25, 2024 By CollisionWeek Editor

The Sherwin-Williams Company (NYSE: SHW) announced consolidated net sales increased 4.1% for 2023 to a record $23.05 billion from $22.15 billion in 2022. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) increased 17.5% in the year to $4.24 billion or 18.4% of net sales. “Sherwin-Williams delivered solid fourth quarter results, with positive sales […]

Filed Under: News Tagged With: Earnings, Sherwin-Williams

Progressive Personal Auto Policies in Force Up Over 9% in December Compared to 2022

January 24, 2024 By CollisionWeek Editor

Total personal auto policies in force were also up month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,525,900 in December, up 84,000 or 0.4% from 19,441,900 in November.  December’s policies in force represent an increase of over 1.6 million or 9.1% from 17,897,300 in December 2022. While up […]

Filed Under: News Tagged With: Earnings, Net Written Premiums, Policies in Force, Progressive

PPG Reports Record Net Sales for Both the Fourth Quarter and Full Year

January 19, 2024 By CollisionWeek Editor

Reports record fourth quarter net sales in the aerospace, automotive refinish and automotive original equipment manufacturer (OEM) coatings. PPG (NYSE: PPG) today reported record fourth quarter net sales of $4.4 billion, up 4% year over year (YOY), including organic sales growth of 1%. For the full year, the company reported record sales of $18.2 billion; […]

Filed Under: News Tagged With: Earnings, PPG

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