LYNX Helps to Push Solera Holdings Revenues Up 15 Percent for the Americas

Tony Aquila

Tony Aquila

Solera Holdings, owner of LYNX Services, reported third-quarter 2015 revenues for the Americas of $149.7 million, up 15.4 percent over the same period last year. After excluding the revenues of the Insurance and Services division of Pittsburgh Glass Works, revenues grew by 3.8 percent over the prior year.

On a constant currency basis, revenues for the Americas were up 17.9 percent over the prior year.

Revenues from collision and glass repair facility customers came in at $69 million for the period, down 7.4 percent from the previous year. On a constant currency basis, revenues from collision and glass repair facility customers were up 5.3 percent year-over-year.

Total revenues for Solera came in at $281 million, up 7.1 percent from the previous third quarter’s revenues of $262.4 million. On a constant currency basis, revenues were up 17.2 percent.

“We posted total revenue growth of 17.2 percent on a GAAP basis,” says Tony Aquila, Solera’s founder, chairman and CEO. “We are also pleased to report that the U.K.’s Competition and Market Authority has cleared our acquisition of CAP Automotive, paving the way for the launch of the Digital Garage starting in the United Kingdom.”

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