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. […]
Tuesday Ticker: Toyota remains world’s top-selling automaker; EV stocks rally and drop
Toronto, Ontario — Toyota remains the top-selling automaker globally, but not in Canada; Lucid and other EV stocks see a short-lived increase and Uni-Select prepares to unveil its Q4 2022 results in this weekly Tuesday Ticker. Toyota on top Toyota sold more than 10.5 million vehicles in 2022, retaining its spot as the world’s top-selling […]
Material Gains: Uni-Select reports Q2 2022 financial results; FinishMaster U.S. growth driven by price increases
Boucherville, Quebec — Uni-Select has reported its financial results for the second quarter ended June 30, 2022, marking 10.8 percent organic growth, the company said. Consolidated sales were $444.3 million, up $27.9 million or 6.7 percent from Q2 2021. The company’s FinishMaster U.S. arm reported sales of $186.5 million, with organic growth of 8.9 percent. […]
A Match for Maslack: Uni-Select enters definitive agreement to acquire Maslack Supply
Boucherville, Quebec — Quebec-based automotive giants Uni-Select announced on Monday that it has solidified plans to acquire Maslack Supply Limited, furthering the company’s expansion into Ontario. Over its 63 years in business, Maslack has grown from a small family-owned and operated auto parts supply company, to include 13 locations across Northern Ontario and more than […]
New to the Network: Colonial Garage & Distributors and affiliated companies to join Uni-Select network, per strategic agreement
Boucherville, Québec — Uni-Select Canada has entered a strategic agreement that will see Colonial Garage and Distributors Ltd. and its affiliated companies join Uni-Select’s Canadian network, the companies announced Tuesday. The Colonial Group was established almost 100 years ago and remains a family-owned and operated business today. As the largest privately-owned aftermarket auto parts supplier […]
Tuesday Ticker: May 10, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada picks up two luxury dealerships in Ontario, teasing the potential to expand its collision services; Uni-Select reports a “strong start” to the year with its Q1 2022 financial results, and a Toronto-based parts maker sees big drops in net profits. Leaning on luxury AutoCanada added two […]
Up at Uni-Select: Company beats analyst estimates with Q4 2021 results
Boucherville, Quebec — Uni-Select reported its financial results for Q4 2021 last Friday, noting it “ended the year on a very strong note” with sales rising 9.3 percent to $400.2 million, ahead of the $394 million analysts had anticipated. Uni-Select’s net earnings for the quarter increased by $14.1 million to $9.0 million, while adjusted earnings […]
Selecting Scott: Uni-Select names Scott Tucker GM of paint, body and equipment
Toronto, Ontario — Uni-Select’s Canadian Automotive Group has welcomed a new face to the team as Scott Tucker joins the company as the new general manager of the paint, body and equipment (PBE) group. Canadian Automotive Group president and CEO Emilie Gaudet announced the staffing change last Thursday. “Scott has a great knowledge of the […]
FinishMaster’s Frontman: Michael Sylvester named new president, COO of FinishMaster Inc.
Toronto, Ontario — Uni-Select has nabbed former Stella-Jones senior v-p Michael Sylvester as the new president and COO of FinishMaster Inc. Sylvester made his name at Stella-Jones, engaging in strategic negotiations with clients and suppliers and establishing a proven track record in the realm of mergers and acquisitions. Brian McManus, executive chair and CEO of […]
Tuesday Ticker: August 10, 2021
Toronto, Ontario — This week, Uni-Select reports its second-quarter financial results, Toyota Canada claims record-breaking July sales numbers and U.S. President Joe Biden says he plans for 50 percent of the nation’s new vehicle sales to be electric. Uni-Select says up, up and away Uni-Select reported its second-quarter financial results last week, reporting “strong market […]
