In this week's Tuesday Ticker, a series of quarterly earnings reports are drawing a stark dividing line through the collision sector, with coatings demand holding strong, ADAS suppliers accelerating their activities and franchise operations signalling turbulence.
Driven Brands delays results as review widens
Driven Brands Holdings Inc., the Charlotte, N.C.-based parent of CARSTAR, Maaco, Meineke, Take 5 Oil Change and Auto Glass Now, released preliminary results for 2025 and early 2026 while confirming it will delay its full financial filings after identifying errors in previously reported numbers.
The company expects it earned first-quarter revenue of US$475 million to US$485 million during the period, up from roughly US$450 million to US$460 million in the previous quarter. Same-store sales are expected to rise 1.9% to 2.1% in the first quarter of the year, compared with about 0.3% to 0.5% in the fourth quarter, with Take 5 continuing to lead at 4.3% to 4.5% growth.
The delay follows an internal review that found errors in earlier financial statements and weaknesses in reporting controls, forcing the company to restate prior results. The update comes as the company faces pressure from investors to improve transparency and simplify its structure.
Following the announcement, Driven shares closed April 22 at US$12.64, down 3.1%.
Snap-on sees steady repair demand
Snap-on Incorporated reported first-quarter revenue of US$1.21 billion on April 23, up US$66.1 million or 5.8% year over year, as demand from professional technicians and repair facilities remained stable.
Growth was led by the company’s tools division, which rose 5.0%, reflecting continued investment in diagnostic and productivity equipment tied to increasingly complex repairs.
“Our first quarter was encouraging, led by robust sales growth with customers in critical industries and improved activity in the U.S. Tools Group,” said chief executive officer Nick Pinchuk.
Snap-on shares closed April 23 at US$390.75, up US$8.37, before falling to US$378.42 on April 24, a 3.2% decline.
Mobileye lifts outlook on ADAS growth
Mobileye Global Inc. reported first-quarter revenue of US$558 million on April 23, up US$120 million or 27% from a year earlier, driven by growing adoption of advanced driver-assistance systems.
The company raised its full-year outlook and announced a US$250 million share buyback, signalling confidence in continued demand as ADAS penetration expands across vehicle segments.
“First quarter results reflected a stronger than expected start to 2026,” said president and chief executive officer Amnon Shashua.
Mobileye shares closed April 23 at US$8.70, up US$0.80 or 10.1% from US$7.90, and rose 6.1% on April 24.
Sherwin-Williams beats expectations on refinish demand
Sherwin-Williams reported first-quarter results April 28 that exceeded expectations, supported by steady demand in its Performance Coatings division, which includes automotive refinish.
The company continues to manage higher input costs through pricing, with repair and maintenance work providing a stable base of demand even as new vehicle production remains uneven.
“In a demand environment that remains mixed, our teams executed well, delivering strong margin performance and continued growth in our Performance Coatings Group,” said chair and chief executive officer Heidi Petz.
Sherwin-Williams shares closed April 28 at US$317.42, a 3.0% rise.
Forvia sells interiors unit to cut debt
Forvia announced April 27 it will sell its interiors business in a deal valued at €1.82 billion, or about US$2.13 billion, as the company works to reduce debt and focus on higher-margin technologies.
The unit generated about €4.8 billion in annual sales and employs more than 31,000 people, making the move a significant restructuring of the supplier’s footprint.
“The transaction project announced today reflects the strength and leadership of FORVIA Interiors,” said chief executive officer Martin Fischer.
Forvia shares traded April 27 at €10.29, up 1.3% from the prior close, after rising as much as 3.5% earlier in the day.
