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. […]
Paint Profit: AkzoNobel grows revenue on increased pricing
Toronto, Ontario — AkzoNobel reported its Q4 2022 and full-year 2022 financial results on Tuesday, with increased revenues driven by price increases. The company reported a 13 percent revenue increase for the full year 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 […]
Tuesday Ticker: Rivian, VINFast reveal layoffs; Canadian Tire shares climb 12 percent year-to-date
Toronto, Ontario — This week, two electric vehicle makers announce job cuts in the North American market while Canadian Tire revives its share prices. Relieved from Rivian Rivian is laying off six percent of its workforce, CEO R.J. Scaringe announced in an email to employees last week. Analysts suspect the layoffs to be prompted by […]
Tuesday Ticker: Driven Brands celebrates two years on Nasdaq; Tesla cuts prices globally
Toronto, Ontario — This week, Driven Brands celebrates two years since going public with a guest appearance At Nasdaq and Tesla drops its Canadian prices again. Two years public Driven Brands celebrated two years since it first went public in a big way, with group president and executive vice president of paint, collision and glass […]
Tuesday Ticker: Software setbacks for Tesla and promising prospects for GM
Toronto, Ontario — In this week’s auto industry roundup, software troubles with nearly 80,000 models in China are causing Tesla prices to dip further, while General Motors appears to be on the upswing with several new model launches on the way. One Step Forward, One Step Back Tesla’s stock price was dealt yet another blow […]
Strategic Planning: AkzoNobel adjusts prices to counter shipping crisis, sees 19 percent revenue increase
Amsterdam, Netherlands — AkzoNobel has released its Q3 2022 financial results, reporting strong revenue gains thanks to price hikes outpacing expected losses from lower volume, higher material costs and global inflation. Specifically, the company has increased its revenue by 19 percent by increasing prices by 13 percent, justified as a way to offset increases in […]
Tuesday Ticker: July 26, 2022
Toronto, Ontario — The focus is on Alberta-based companies in this weekly Tuesday Ticker, as AutoCanada delivers 32 percent revenue growth while Calgary, Alta.-based Foundation Automotive adds a new brand—and new territory—to its portfolio. AutoCanada’s quarterly update Edmonton-based AutoCanada announced its Q2 2022 results on Monday, reporting revenue of approximately $1.7 billion and growth of […]
Tuesday Ticker: July 19, 2022
Toronto, Ontario — Looking for your global automotive stock report? Look no further! In this weekly Tuesday Ticker, Volkswagen amps up its EV deliveries; a former Nissan executive does a postmortem on the OEM’s EV strategy and Porsche preps for a potential IPO. Volts-wagen Volkswagen is pushing its emissions-free offerings and seeing the returns, as […]
Tuesday Ticker: July 12, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AkzoNobel adds an acquisition to its wheelhouse and Stellantis talks more about its future funding at FCA Canada. Wheelie great acquisitions AkzoNobel has announced an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. The deal is expected to be completed by the end […]
Tuesday Ticker: July 5, 2022
Toronto, Ontario — It’s Tuesday—let’s talk business! In this week’s Tuesday Ticker, General Motors sits poised to reclaim its role as leader of new vehicle sales in the U.S.; Lift adds five new facilities in the B.C. interior and AutoCanada preps for a buyback via a “modified Dutch auction.” The General takes the Crown General […]
