The armored car giant reported that the theft of an international gold shipment that occurred on Dec. 6 will result in a fourth quarter pretax charge of about $11 million. The impact of the charge on fourth quarter and year-end earnings are to be determined when the company’s tax rate other year-end items are finalized.
The company plans to purchase Brazil-based Rodoban for $145 million in cash. The acquisition is expected to close in the second quarter.
The used car retailer reported its third quarter earnings for fiscal year 2018. Revenues totaled $4.1 billion, up from $3.7 billion the same three months of FY17. Profits totaled $148.8 million, up from $136.6 million the same quarter the previous year. Year-to-date revenues totaled $13 billion, up from $11.8 billion the first nine months of the previous year. Year-to-date profits totaled $541.9 million, up from $474.3 million the previous year.
Vice Chairman Steven Markel sold 200 shares of common stock at prices ranging from $1,115.61 to $1,116.25 per share for a total of $223,155.
CFO Anne Waleski gifted 265 shares of common stock. She now directly owns 3,294 shares and indirectly owns 1,502 shares.