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IAA, Inc. Announces Third Quarter Fiscal 2020 Financial Results; Increased Year-Over-Year Profitability Driven By Record Revenue Per Unit And Margin Expansion Plan; Sequential Improvement In Assignments And Sales Volumes

Nov 02, 2020 - Business Wire
Financial Results

IAA, Inc. (NYSE: IAA) today announced its financial results for the third quarter of fiscal 2020, which ended September 27, 2020.

John Kett, Chief Executive Officer and President, stated, "We delivered stronger than anticipated third quarter results driven primarily by record revenue per unit trends and also higher than expected sales volumes. Assignments continued to improve throughout the quarter and ended the period at a run rate only slightly below pre-COVID-19 levels. In addition to t...