Revenue increase was due to 6% same-store sales growth and 6% net store growth. Driven Brands Holdings Inc. (NASDAQ: DRVN) delivered revenue of $581.0 million for the third quarter ended September 30, up 12% versus the prior year. System-wide sales were $1.6 billion, up 10 percent versus the prior year driven by 6 percent same-store […]
Axalta Reports Net Sales Up 5.7% in Third Quarter Compared to Last Year
Axalta Coating Systems Ltd. (NYSE:AXTA) announced net sales increased 5.7% year-over-year in the third quarter ended September 30, and 3.5% excluding foreign currency translation, to $1.3 billion. The increase in net sales was driven primarily by 6.3% higher average price-mix and a modest foreign currency translation benefit of 2.2%. Volumes declined by 2.8% as strong […]
LKQ Reports Revenue of $3.6 Billion for Third Quarter 2023
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2023 was $3.6 billion, an increase of 15.0% compared to $3.1 billion for the third quarter of 2022. Parts and services organic revenue increased 3.0% during the quarter and 4.3% on a per day basis. Foreign exchange rates increased revenue by 3.6% and the […]
PPG Reports Record Third Quarter Sales of $4.6 billion
Net sales were up 4% year over year. PPG (NYSE:PPG) today reported net sales of $4.644 billion for the third quarter 2023, up 4% from $4.468 billion last year. Net income was $426 million, up 29% from $329 million in the third quarter of 2022. Tim Knavish, PPG chairman and chief executive officer, commented on […]
Progressive Reports Personal Auto Policies in Force Down Slightly Month-Over-Month in September
Total personal auto policies in force are just 10,000 lower for the month but remain up 12% from last year. Net written premiums up 22% year-over-year. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,518,600 in September, down 0.5% from 19,527,800 in August. September’s policies in force represent an […]
Progressive Reports Personal Auto Policies in Force Down Month-Over-Month in August
Total personal auto policies in force remain up over 13% from last year. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,527,800 in August, down 0.6% from 19,642,900 in July. August’s policies in force represent an increase of 12.6% from 17,336,300 in August 2022. Growth appears to have slowed […]
Copart Reports Revenue Up Nearly 13% in Fiscal Fourth Quarter
Copart, Inc. (NASDAQ: CPRT) today reported revenue for its fiscal fourth quarter ended July 31, $997.6 million an increase in revenue of $114.2 million, or 12.9% from the same period a year ago. Gross profit for the quarter was $457.6 million, up $76.0 million, or 19.9% from the previous year. Net income was $347.8 million […]
U.S. Property/Casualty Industry Records $24.5 Billion Underwriting Loss in the First Half of 2023
The U.S. property/casualty (P/C) industry recorded a $24.5 billion net underwriting loss in the first half of 2023, nearly eclipsing the $26.5 billion in total losses recorded for all of 2022, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, First Look: 6-Month 2023 US Property/Casualty […]
Progressive Reports Personal Auto Policies in Force Down Slightly for Second Month in a Row
Total personal auto policies in force remain up over 14% from last year. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,642,900 in July. July’s policies in force represent an increase of 14.0% from 17,233,900 in July 2022, but down 0.08% from 19,658,300 in June. Growth appears to have […]
Boyd Group Reports Sales of Over $753 Million in Second Quarter
Overall sales were up more than 22%. Same store sales up almost 19%. Boyd Group Services Inc. (TSE: BYD) today announced sales increased by 22.9% to $753.2 million in the second quarter ended June 30, from $612.8 million in the same period of 2022. Same-store sales increased by 18.9%. The second quarter of 2023 had […]
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