Brief: Uni-Select Inc Reports Q4 Adjusted Earnings Per Share $0.13

Uni-Select

20/02/2019 11:38

Feb 20 (Reuters) - Uni-Select Inc  UNS.TO :
    * . REPORTS Q4 AND FULL YEAR 2018 RESULTS
    * Q4 ADJUSTED EARNINGS PER SHARE $0.13
    * Q4 LOSS PER SHARE $0.06
    * BOARD OF DIRECTORS ALSO INITIATED A SEARCH FOR A NEW
PRESIDENT
AND CEO OF UNI-SELECT
    * HAS MANDATED FIRM EGON ZEHNDER INTERNATIONAL INC. TO LEAD
CEO
SEARCH
    * ANDRÉ COURVILLE WILL CONTINUE TO ACT AS INTERIM PRESIDENT
AND
CEO
    * ANTICIPATE REVENUES TO INCREASE MODESTLY AND PROFITABILITY
TO
DECREASE, MAINLY DUE TO FINISHMASTER US SEGMENT IN 2019
    * QTRLY SALES $419.5 MILLION VERSUS $415 MILLION
    * SEARCH FOR A NEW PRESIDENT AND CEO IS BEING PERFORMED IN
PARALLEL WITH STRATEGIC ALTERNATIVES REVIEW
    * SEES 2019 CONSOLIDATED ORGANIC SALES GROWTH 1.25% - 3.25%
    * SEES 2019 CONSOLIDATED ADJUSTED EBITDA MARGIN 5.75% -
6.75%
    * UNI-SELECT ANTICIPATES INVESTMENTS BETWEEN $25.0 MILLION
AND
$30.0 MILLION IN 2019
    * Q4 EARNINGS PER SHARE VIEW $0.18, REVENUE VIEW $421.4
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nCNWFJ4mDa 
Further company coverage:  UNS.TO 

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