Tuesday Ticker: AutoCanada net income down in Q4 2022; Martinrea reports major gains
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada reports net income decreases and records in full-year reports, while Ontario auto parts manufacturer Martinrea marks 20 percent gains in Q4 2022 sales. Meanwhile, proxy advisors suggest Ritchie Brothers Auctioneers steers clear of its deal to acquire IAA Inc. Record highs and lows AutoCanada reported its […]
Smooth Hailing: AutoCanada acquires DCCHail
Edmonton, Alberta — AutoCanada has acquired paintless dent repair company DCCHail, the multi-location dealer group announced Monday evening. DCCHail touts a national presence, which includes Canada’s largest hail repair facility in Calgary, Alta. “DCCHail has revolutionized the PDR industry with its proprietary technology DCCScan,” wrote AutoCanada in its press release. “DCCScan can inspect and document […]
Tuesday Ticker: Wall Street speculates Rivian results; Li-Cycle receives loan
Toronto, Ontario — In this weekly Tuesday Ticker, analysts speculate Rivian’s impending 2022 Q4 and full year results, while Li-Cycle receives an financial sum from the U.S. Department of Energy. Rivian watch Electric vehicle company Rivian is set to announce its 2022 Q4 and full year results on Tuesday after the markets close. The company […]
LKQ to acquire Uni-Select for $2.1 billion
Boucherville, Quebec — LKQ Corporation and Uni-Select have entered a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for $48.00 per share in cash, representing a total value of approximately $2.8 billion. Founded in Boucherville, Québec, Canada in 1968, Uni-Select is a leader in the distribution of automotive refinish and […]
Paint by Numbers: Sherwin Williams reports 2022 full-year, Q4 results; consolidated net sales up due to price increases
Cleveland, Ohio — Sherwin Williams reported its 2022 year-end and fourth-quarter financial results last month, with consolidated net sales ringing in at a record US$22.15 billion, up 11.1 percent from 2021. The company said sales from locations open for the full year of 2022 in the U.S. and Canada grew 11.7 percent. Fourth-quarter consolidated net […]
Record Revenues: Driven Brands reports 39 percent increase in 2022 revenues
Charlotte, North Carolina — Driven Brands is reporting growth in its full-year 2022 and Q4 2022 financial results, announced Wednesday morning. For the whole of 2022, Driven Brands reported 39 percent increases in revenue, which grew to US$2 billion driven by same-store sales and location acquisitions, said the company. The company’s paint, collision and glass […]
Tuesday Ticker: Semiconductor status report; Magna pledges Ont. investment
Toronto, Ontario — In this weekly Tuesday Ticker report: a status report on the semiconductor shortage and a glimpse into Magna’s latest investment. Chocolate, no chips Certain automakers are recovering better than others in regard to the chip shortage, according to new data from Bank of America Global Research analysts and S&P global stats. BMW, […]
Cash Count: Uni-Select reports Q4 2022, full-year financial results; FinishMaster growth driven by price increases
Boucherville, Quebec — Uni-Select reported both full-year and Q4 2022 financial results on Friday. For Q4 2022, consolidated sales for Uni-Select were $424.8 million, up $24.6 million or 6.2 percent from Q4 2021. The company’s FinishMaster U.S. segment reported sales of $173 million for Q4 2022, an increase of 3.4 percent, primarily driven by price increases. […]
Logistics Link: Uniparts O.E.M. Canada announces strategic partnership with Elite EXTRA!
Toronto, Ontario — Uniparts O.E.M. Canada announced yesterday that it will form a strategic partnership with Elite EXTRA, a last-mile software company based out of Eau Claire, Wis. The partnership will allow Uniparts O.E.M. Canada to promote, distribute and support Elite EXTRA’s routing and dispatch software to automotive dealers across Canada. The last-mile software solution […]
Up at Axalta: Revenues up nine percent year-over-year, driven by ‘higher average price’
Toronto, Ontario — Axalta Coatings posted earnings of 20 cents per share (U.S. dollars) in Q4 2022, compared with 23 cents per share in Q4 2021. In the company’s overall results for 2022, revenues were up nine percent year-over-year to US$1,236.7 million, beating the Zacks Consensus Estimates of US$1,216.6 million. According to the press release, […]
