IAA CEO sees FY19 results 'in line' with previous outlook
John Kett, CEO and President, stated, "This quarter marked a significant milestone in IAA's history as we successfully executed our spin-off from KAR Auction Services to become an independent public company. I want to thank the management teams and employees at both KAR and IAA for all of their hard work and dedication over the past number of months that enabled this outcome." Kett continued, "We generated strong top and bottom line results for the second quarter, which demonstrates the strength of our business model. We are making good progress in our transition to a stand-alone public company. As we look ahead to the remainder of this year and beyond, we are committed to executing the strategic growth initiatives we have laid out. We expect to deliver results for fiscal 2019 in line with the outlook we previously provided."