Paint Profit: AkzoNobel grows revenue on increased pricing
Toronto, Ontario — AkzoNobel reported its Q4 2022 and full-year 2022 financial results on Tuesday, with increased revenues driven by price increases. The company reported a 13 percent revenue increase for the full year 2022, compared to 2021. Pricing was up 14 percent. Operating income for the year was reported at €708 million (2021: €1,118 […]
Industry Insider: On equipment and tax write-offs, with Tim Morgan of Spanesi Americas
Toronto, Ontario — On this episode of Collision Repair mag’s Industry Insider, COO of Spanesi Americas Tim Morgan talks his experience with equipment, tool and tax write-offs collision repair businesses could take advantage of—after some financial research, of course. Tune in to hear Morgan’s experience as an equipment supplier serving all of North America.
Tuesday Ticker: July 26, 2022
Toronto, Ontario — The focus is on Alberta-based companies in this weekly Tuesday Ticker, as AutoCanada delivers 32 percent revenue growth while Calgary, Alta.-based Foundation Automotive adds a new brand—and new territory—to its portfolio. AutoCanada’s quarterly update Edmonton-based AutoCanada announced its Q2 2022 results on Monday, reporting revenue of approximately $1.7 billion and growth of […]
Tuesday Ticker: July 12, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AkzoNobel adds an acquisition to its wheelhouse and Stellantis talks more about its future funding at FCA Canada. Wheelie great acquisitions AkzoNobel has announced an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. The deal is expected to be completed by the end […]
Tuesday Ticker: June 28, 2022
Toronto, Ontario — This weekly Tuesday Ticker takes a look at Blackberry’s moves in the automotive space; some FFUN in Ontario and a $40 million investment into Canadian new vehicle sales. Fruits of labour BlackBerry, the once-popular, now defunct phone manufacturer, has benefitted from a capital resurgence as their BlackBerry QNX software increases growth within the […]
Tuesday Ticker: June 21, 2022
Toronto, Ontario — In this weekly stock update, Uber loses a North American exec and Tesla CEO Elon Musk makes some curiously timed layoffs. Do the Uber shuffle Dennis Cinelli, the head of Uber’s ride operations in the United States and Canada, is stepping down, according to reports from undisclosed sources. Cinelli is reported leaving […]
Tuesday Ticker: June 14, 2022
Toronto, Ontario — It’s all-electric in this weekly Tuesday Ticker as Tesla proposes a stock split; Rivian updates investors in its first annual shareholders’ meeting and two battery players join forces with B.C.-based Nano One Materials. 3-for-1, but not like the sales Tesla has filed its proxy statement for the upcoming annual meeting of stockholders, […]
Tuesday Ticker: June 7, 2022
Toronto, Ontario — Listen up for this weekly stock report! This week, a Quebec-based convenience giant teases plans to grow bigger, while a new rideshare service tests the waters in smaller B.C. cities. Charge with Couche-Tard Alimentation Couche-Tard said it has deployed “hundreds” of electric vehicle chargers available at 200+ North American locations over the […]
Tuesday Ticker: May 24, 2022
Toronto, Ontario — Ford throws seven million more Rivian shares up for sale while Uber tries to offset its losses in Collision Repair’s weekly Tuesday Ticker. Red-tag item, Rivian Last week, it was reported Ford Motor Co. had offloaded eight million shares in electric vehicle startup Rivian. On Monday, May 16, the automaker sold a […]
Tuesday Ticker: May 3, 2022
Toronto, Ontario — This week, LKQ beats out analyst estimates with its Q1 2022 earnings report; Volkswagen considers Canada for future electrified business and Tesla CEO Elon Musk makes a deal to buy Twitter. LKQ’s leap LKQ reported its Q1 2022 earnings last week, beating out analyst estimates with earnings of US$1 per share. Zacks […]
