FinishMaster Inc. on Thursday afternoon reported a drop in third-quarter profit and revenue compared to the same period
a year ago.
The Indianapolis-based paint distributor earned nearly $3 million, or 38 cents per share, in the quarter ended Sept. 30. That’s down from nearly $4.8 million, or 60 cents per share, in last year’s third quarter.
Revenue fell 14.6 percent, from $123 million in last year’s third quarter to $105 million in this year’s.
The company said a decline in automobile-accident claims had a negative impact on business.