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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. The company said the growth was driven by price increases.

EBITDA was $18.8 million for the quarter, compared to a negative $7.7 million in 2021.

“This performance was driven by additional vendor rebates, price increases and higher sales, driving scaling benefits, offsetting higher delivery cost,” wrote Uni-Select in its press release.

A recording of Uni-Select’s conference call can be accessed by dialling 1-888-390-0541 followed by 752647#.

For more information on Uni-Select, visit www.uniselect.com.

 

 

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