Brief: Uni-Select Reports Q3 Adj EPS Of $0.25

Uni-Select

13/11/2019 11:36

Nov 13 (Reuters) - Uni-Select Inc  UNS.TO :
    * . REPORTS 2019 THIRD QUARTER FINANCIAL RESULTS AND
QUARTERLY
HIGHLIGHTS:
    * QTRLY SALES OF $450.8 MILLION; UP 1.9% ON A CONSTANT
CURRENCY
BASIS
    * Q3 EARNINGS PER SHARE $0.58
    * Q3 ADJUSTED EARNINGS PER SHARE $0.25
    * Q3 RESULTS WERE IN LINE WITH EXPECTATIONS DESPITE
CONTINUED
MACRO ECONOMIC AND REFINISH INDUSTRY CHALLENGES IN SOME KEY
MARKETS
    * ORGANIC GROWTH WILL REMAIN POSITIVE FOR 2019 BUT LOWER
THAN
GUIDANCE
    * ANTICIPATES INVESTMENTS BETWEEN $25.0 MILLION AND $30.0
MILLION
IN 2019
    * FOR 2019, ON A CONSOLIDATED BASIS, ANTICIPATE REVENUES TO
INCREASE MODESTLY AND PROFITABILITY TO DECREASE
    * SEES 2019 CONSOLIDATED ORGANIC SALES GROWTH 1.25% - 3.25%
    * FOR 2019 OVERALL RESULTS FROM CANADIAN AUTOMOTIVE GROUP
SEGMENT
ARE EXPECTED TO BE MORE FAVOURABLE WHEN COMPARED TO LAST YEAR
    * EXPECT LAST QUARTER OF 2019 TO REMAIN DIFFICULT
    * FOR FINISHMASTER U.S. SEGMENT, 2019 IS EXPECTED TO REMAIN
A
CHALLENGING YEAR

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