IAA, Inc (IAA) Tops Q2 EPS by 14c

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Go back to IAA, Inc (IAA) Tops Q2 EPS by 14c

IAA, Inc. Announces Second Quarter Fiscal 2020 Financial Results

August 4, 2020 6:50 AM EDT

Revenue Impacted by COVID-19 Related Volume Headwind; Declined 19% to $297 Million

Sequential Monthly Improvement in Assignments and Revenue Per Unit

WESTCHESTER, Ill.--(BUSINESS WIRE)-- IAA, Inc. (NYSE: IAA) today announced its financial results for the second quarter of fiscal 2020, which ended June 28, 2020.

John Kett, Chief Executive Officer and President, stated, As expected, our second quarter results were materially impacted by COVID-19 and the sharp drop in miles driven and associated assignments in the quarter. Since late April, we have seen a stronger... More