|Uni-Select Inc. - UNS.t is a Canada-based distributor of automotive parts and paint products.|
The Company is engaged in the distribution, sale and marketing of replacement parts, equipment, tools and accessories, and paint and related products for motor vehicles in the Canadian wholesale automotive aftermarket.
Uni-Select Announces Strong Q3 2015 Financial Results
- $276.2 million in sales, up 4.0% organically;
- EBITDA margin reaches 9.4%;
- Net earnings up 6.1% to $15.7 million, while EPS reaches $0.73, up 4.3%;
- Adjusted EPS, once converted to Canadian dollars, is up 18.8%;
- First full-quarter completed without the assets of Uni-Select USA, Inc. and Beck/Arnley Worldparts, Inc. since the closing of the sale transaction on June 1, 2015.
Unless otherwise indicated in this press release, all amounts are expressed in US dollars.
Boucherville (Québec), October 28, 2015 – Uni-Select Inc. (TSX:UNS), a leading distributor of automotive products in Canada and parent of FinishMaster, Inc., a leading distributor of paint and related products in the United States, today reported solid financial results with increased profitability for the third quarter ended September 30, 2015.
"I am very pleased with the performance displayed by our automotive and paint and related products businesses in the third quarter and particularly delighted that both sectors are delivering healthy organic growth, said Henry Buckley, President and Chief Executive Officer of Uni-Select." We now turn to the fourth quarter with confidence that our continued focus on growth initiatives, accretive acquisitions and our commitment to the continued expansion of a network of corporate stores will all contribute to our successes in the months ahead."
The 2015 results in dollars vary compared to last year’s figures, since the 2015 nine-month period includes five months of operations from the net assets of Uni-Select USA, Inc. and Beck/Arnley Worldparts, Inc., sold on June 1, 2015.