LKQ Achieves Record Results for 2009
LKQ Corp. has announced results for its fourth quarter and full year ended Dec. 31, 2009. Income from continuing operations for the fourth quarter was $36.5 million and diluted earnings per share from continuing operations was 25 cents. For the full year, income from continuing operations was $127.1 million and diluted earnings per share from
Keystone Automotive Operations Reports Third Quarter Results
Keystone Automotive Operations, Inc. announced financial results for its fiscal third quarter 2008, which ended Sept. 27, 2008. Highlights include: • Net sales for the third quarter 2008 were $136.3 million, a decrease of $18.0 million, or 11.7 percent, compared to $154. 3 million for the same period in 2007. The decrease in sales was
LKQ Corporation Reports Record Revenues
LKQ Corporation today announced results for its first quarter ended March 31, 2008, with revenue of $491.9 million, net income of $30.9 million and diluted earnings per share of $0.22. "We reported record revenue and earnings for the quarter with revenue growth at 109 percent and net income growth at just over 95 percent," said
Creating Your (Business) Plan of Attack
Whether you’re starting a new shop or you’re a veteran shop owner, writing and maintaining a solid business plan helps to ensure the continued success and growth of your organization.
Consent Decree: Enforceable or Forgetable?
In 1963, 265 insurers signed a Consent Decree drafted by the U.S. Justice Department and Attorney General Robert Kennedy. By signing, they agreed to abide by the Decree’s terms: no more demanding discounts, setting hourly rates, boycotting repair shops and using specific appraisers. It’s still a binding agreement today … but will it ever be enforced?
Shop Owner Profile
You can’t go one month without hearing or reading about a consolidator buying an independent collision repair shop. In the past few months alone, ABRA Auto Body & Glass acquired East Marietta Paint & Body in Marietta, Ga., formerly owned by Donnie and Ruth Reeves; Sterling Collision Centers acquired JSI Collision Centers, with four locations
Mistaken Identity
Attributing the ownership of 17 collision-repair facilities with more than $22 million in annual sales to a mistake is a bit hard to swallow. But for Bruce Mackie, president of Mackie
Enterprises, Inc., it’s the true story of his success.