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, […]
FinishMaster Launches First Annual Hood Master Challenge
FinishMaster announced its First Annual Hood Master Challenge competition for refinish professionals. Contests have until March 6 to register for the competition. Each contestant will receive a free mini hood from FinishMaster create a work of automotive art. Contestants will have 30 days to create their artwork and return it to FinishMaster. More information and […]
Uni-Select Inc. Reports Fourth Quarter Sales Down Compared to 2018, Full Year Sales Up
Uni-Select Inc. (TSE:UNS) reported its financial results for the fourth quarter and the year ended December 31, 2019 as well as providing updates on its Performance Improvement Plan (PIP). Sales were down 1.5% in constant currency to $412.6 million in the fourth quarter and up 1.1% in constant currency to $1,739.6 million for 2019, driven […]
Uni-Select Reports Third Quarter Sales of $450.8 million
FinishMaster U.S. segment reported sales of $215.7 million. Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, reported consolidated sales of $450.8 million for the third quarter ended September 30, when compared to the same quarter last year, were affected by a foreign currency conversion impact amounting to $6.8 million or 1.5%. Consolidated organic […]
FinishMaster President and Chief Operating Officer Chris Adams to Step Down October 31
Uni-Select Inc. (TSE:UNS) today announced the resignation of Chris Adams as President and Chief Operating Officer of its FinishMaster, Inc. subsidiary effective October 31. Rob Molenaar has agreed to assume the position of President and Chief Operating Officer on an interim basis. Molenaar has been instrumental in the development and execution of the broad performance […]
Uni-Select Reports 2019 Second Quarter Sales of $456 Million
FinishMaster reported organic growth 0.7% in quarter and 1.9% for the six month period. Uni-Select (TSE:UNS) today reported consolidated sales of $456.2 million for the second quarter down 5.996 million or 1.1 percent compared to the second quarter of 2018. According to the company, results were affected by a foreign currency conversion impact amounting to […]