Uni-Select Reports Q4 Results
Uni-Select has reported its financial results for the fourth quarter, ending December 31, 2016.
Those results included the following:
- $291.0 million in sales, up 12.3% in Q4 and $1,197.3 million, up 13.4% for 2016
- 16 stores added to the network through 4 business acquisitions and a greenfield store in Q4, resulting in a total of 50 new stores for 2016
- Adjusted EBITDA margin improved by 100 basis points to 8.7% for Q4 and 190 base points to 9% for 2016
“We are pleased with our sales and earnings growth in the quarter,” said Henry Buckley, President & Chief Executive Officer, Uni-Select. “In Canada, we returned to positive organic growth with the Prairies strengthening. Total sales of FinishMaster US were up 17.7 percent, excluding the impact of the product line changeover, organic sales would have been approximately 4.1 percent.”
Buckley added that, “we continue to make great progress building the business at FinishMaster US and expanding our coverage of the market. In Canada, we are investing in the future, building the Bumper to Bumper brand for both independent customers and corporate stores as well as expanding the newly launched FinishMaster brand nationally. We continue to be highly committed to building our business for the long term through balanced profitable growth and the expansion of both networks.”