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 increased by $16 million to $15.7 million, from an adjusted loss of $0.3 million in 2020.
The company attributed net and adjusted earnings performance to increased sales, better scaling on operating costs as a result of disciplined operational performance, lower interest costs and lower debt levels.
Toronto-listed shares of Uni-Select rose 14 percent to $25.89 following the earnings call.
Looking ahead, the company anticipates modest improvements in sales, higher adjusted earnings before interest, taxes, depreciation and amortization as well as higher per-share earnings in 2022.
For more information on Uni-Select, visit uniselect.com.