Solera Holdings’ Revenues Up 33 Percent for Americas, Largely Due to LYNX Services

Tony Aquila

Tony Aquila

Solera Holdings, owner of LYNX Services, reported second-quarter 2015 revenues for the Americas of $148.0 million, up 33.2 percent from the prior second quarter. After excluding revenues for Service Repair Solutions and the Insurance and Services division of Pittsburgh Glass Works, Americas’ revenues grew by 5.9 percent from the prior year.

On a constant currency basis, revenues for the Americas were up 8.2 percent over the previous year.

Revenues from collision and glass repair facility customers came in at $72.3 million for the period, a “nominal increase” over the same time frame of last year, according to the company’s report.

When asked about the glass division during the conference call, Tony Aquila, Solera’s founder, chairman and CEO, responded: “We want to bring (our glass services) to Europe.” He didn’t explain further.

Total revenues for the company came in at $282.7 million, up 18.3 percent from the same period in the prior year. On a constant currency basis, revenues grew 23.8 percent.

“We are pleased to report our highest quarterly revenue ever of $282.7 million on a GAAP basis and our highest organic growth in over five years,” said Aquila.

“We are very encouraged by our business opportunities as we continue to develop a diversified offering for insurers, OEMs, dealers and service, maintenance and repair industry and beyond, creating a unique marketplace that empowers the customer’s customer to manage their vehicle lifecycle digitally,” he added.

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