Uni-Select Inc. (TSE:UNS) today reported consolidated sales of $366.2 million for the quarter ended December 31, a decline of 11.2% compared to the same quarter in 2019. Sales were impacted by COVID 19, resulting in negative consolidated organic growth of 12.0%. The fourth quarter was an improvement over the third quarter when negative organic growth […]
Uni-Select Reports Third Quarter Sales Down 12.3%
Uni-Select Inc. (TSE:UNS) today reported its sales for the third quarter ended September 30 were $395.352 million, down 12.3% from 450.758 million in the third quarter of 2019. Sales for the nine month period were $1.105 billion, down 16.7% from $1.327 billion in the first nine months of 2019. Sales sequentially improved month-over-month from April […]
Uni-Select Says Market Conditions Improved in July and August
Uni-Select Inc. (TSE:UNS) provided a business update for July and August, including market conditions in the U.S., Canada and the U.K., its organic sales growth, the status of its Continuous Improvement Plan and its financial position. According to the company, key industry metrics in the U.S., Canada and the U.K. are showing clear signs of […]
FinishMaster Announces Winners of HoodMaster Challenge
FinishMaster’s announced the winners of its inaugural Hood Master Challenge. The challenge started out as a “what if” dream with one simple goal – bring the focus back to the artistry within the industry. Nine partners agreed to sponsor the challenge, turning the dream into reality: 3M, AkzoNobel, Indasa, Axalta, Norton Saint-Gobain, Anest Iwata, SEM, […]
FinishMaster Founder Jim White Passes Away
FinishMaster announced that its founder Jim F. White passed away August 26 at the age of 101 after an extended battle with Parkinson’s disease and dementia. In a blog post announcing his passing, FinishMaster stated, “Today, with heartfelt sadness, we announce the loss of Jim White, beloved founder of FinishMaster.” FinishMaster began on April 25, […]
Uni-Select Reports Second Quarter Sales of $302.5 million
Uni-Select Inc. (TSE:UNS) today reported sales of $302.5 million, down 33.7% reflecting a lower demand due to the COVID-19 pandemic, for the second quarter ended June 30. The result represents negative organic growth of 31.9%, unfavorable fluctuations of the Canadian and British currencies, as well as the expected erosion from the integration of company owned […]
Voting Open for FinishMaster Hood Master Challenge
FinishMaster announced that voting is now open online for the crowd favorite in the very first Hood Master Challenge. Voting will remain open to August 6 and winners will be announced on August 10. To bring the focus back on the artistry within our industry, FinishMaster announced the first-annual Hood Master Challenge in February of […]
Uni-Select Completes Refinancing with New $565 Million Credit Facilities
Uni-Select Inc. (TSE:UNS), the parent of FinishMaster, today announced that it has successfully secured new credit facilities providing access to additional liquidity on more flexible financial terms and conditions. The new $565 million secured credit facilities, which will mature on June 30, 2023, consist of a $350 million revolving credit facility and $215 million term […]
Uni-Select Inc. Reports First Quarter Sales Down Nearly 3% on Impact from Coronavirus
Uni-Select Inc. (TSE:UNS) today reported sales of $407.7 million for the first quarter ended March 31, down 2.9% from 2019, and negative organic growth of 3.4%. The company estimated the impact from the COVID-19 crisis on sales of 3% to 4%. Excluding the effect of COVID-19, consolidated organic sales would have been relatively flat against […]
Joseph McCorry Named President and COO of FinishMaster, Inc.
Uni-Select Inc. (TSE:UNS) today announced that Joseph E. McCorry has been appointed to the position of President and Chief Operating Officer of FinishMaster, Inc. effective March 30. McCorry brings more than 25 years of experience in the automotive industry serving global aftermarket customers. He was most recently a board member, General Manager and Vice President, […]