New Age: Boyd Group spent US$4.8 million on network technology upgrades in Q1 2024, increased scanning and calibration workforce by 60 percent
Winnipeg, Manitoba — Boyd Group Services released its Q1 2024 financial results on Wednesday, revealing the company spent US$4.8 million on network technology upgrades in the first three months of 2024. Company CEO Tim O’Day added that the company has increased the number of scanning and calibration services it can perform in-house by increasing its […]
Tuesday Ticker: AutoCanada reports Q1 results, citing ‘challenging operating dynamics’; Magna reveals Q1 numbers
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada reports decreased Q1 2024 revenues, compared to Q1 2023, while Magna’s financial results touch on the company’s relationship with EV maker Fisker. A ‘challenging’ quarter Edmonton, Alta.-based dealership group AutoCanada reported its Q1 2024 results last week, commenting that market conditions culminated in “challenging operating dynamics […]
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 […]
Tuesday Ticker: August 3, 2021
Toronto, Ontario — As second-quarter financials are unveiled, this week’s Tuesday Ticker takes a look at major industry players Driven Brands, Axalta and PPG’s quarterly numbers. Driven to grow Driven Brands Holdings reported financial results for the second quarter of 2021 earlier this week, marking revenues of US$374.8 million, an increase of 123 percent versus […]
Starting Strong: Uni-Select releases Q1 financial results
Toronto, Ontario — Quebec-based automotive paint manufacturer Uni-Select Inc. have reported a “strong start to the year” following the release of the company’s Q1 financial report on Thursday. The company noted a number of highlights from Q1 in the report: EBITDA(1) of $24.8 million; adjusted EBITDA(1) of $28.2 million or 7.6 percent of sales, up […]
Record Numbers: AutoCanada unveils 2020 Q4 results
Edmonton, Alberta — AutoCanada has unveiled its fourth-quarter results for 2020, reporting an 8.3 percent increase in revenue compared to the same period the year prior and “outperform[ing] the Canadian new-vehicle retail market,” said the company. Fourth-quarter revenue for 2020 reached $876.1 million as compared to $809.1 million the prior year. Moreover, the fourth-quarter Adjusted […]
Through the Storm: Uni-Select reports 2020 full year financial results, says automotive aftermarket businesses fared better than refinish business
Boucherville, Québec — Uni-Select has reported its financial results for Q4 2020 and the year ended Dec. 31, 2020. According to the company, Sales for 2020 were down 15 percent, with performance largely impacted by the pandemic. Sales for 2020 Q4 were down 11.2 percent compared to the same quarter in 2019—“in line with those […]
Tuesday Ticker: January 26, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, PPG pummels its 2019 Q4 numbers, Fiat Chrysler and PSA make a final handshake and Axalta preps to unveil its full-year results for 2020. PPG powers through PPG has fourth quarter 2020 net sales of approximately US$3.8 billion, more than two percent higher versus the prior year. […]
