News Column

Uni-Select Announces Improved Q2 2014 Financial Results

July 30, 2014

BOUCHERVILLE, QUEBEC--(Marketwired - July 30, 2014) -

Unless otherwise indicated in this press release, all amounts are expressed in US dollars.

Uni-Select Inc. (TSX:UNS), a major automotive aftermarket product distributor with activities across North America, today reported continued sales, EBITDA and net earnings growth, along with improved profitability for the second quarter ended June 30, 2014.

Overall sales grew by 0.5% and 2.9% organically. EBITDA and net earnings came in well above last year as the second quarter of 2013 was impacted by restructuring charges of $35.2 million related to the implementation of the Action Plan. Notwithstanding those charges, adjusted EBITDA grew by 6.8% this quarter, resulting in an adjusted EBITDA margin of 6.5%, up 5% over the same period last year. Adjusted earnings also grew 6% over the corresponding period last year.

"While the sales growth recorded in the second quarter was softer than expected, we are pleased with our overall performance and more particularly with our continued ability to lower costs and improve profitability, which are key drivers of our long-term growth plans. The implementation of the Action Plan remains on schedule and continues to yield important benefits that will make Uni-Select an even more competitive and sought-after distributor across North America", said Richard G. Roy, President and Chief Executive Officer of Uni-Select.

"Looking ahead to the second half of Fiscal 2014, our primary focus will be on accelerating organic sales growth while maintaining or improving our momentum across all key performance metrics, including sales programs, supply chain, customer service and banner programs. We will also continue to focus on initiatives that will enable us to remain the partner of choice for independent wholesalers and strengthen our leadership position in the automotive aftermarket product distribution sector," added Mr. Roy.

"Also, I am pleased to announce that the Board of Directors approved a change in our organizational structure with the creation of a new position of Chief Operating Officer who will report to me. We will be able to introduce the new COO shortly," said Mr. Roy.

------------------------------------------------ (In thousands of US dollars, except per share amounts) SECOND QUARTER SIX-MONTH PERIOD ------------------------------------------------ 2014 2013 2014 2013 ---------------------------------------------------------------------------- Sales 478,690 476,176 891,767 897,996 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- EBITDA 29,681 (7,394) 48,283 8,534 ---------------------------------------------------------------------------- Adjusted EBITDA 31,306 29,320 52,142 46,631 ---------------------------------------------------------------------------- Adjusted EBITDA margin 6.5% 6.2% 5.8% 5.2% ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Restructuring charges and others - 35,180 - 35,180 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net earnings (loss) 15,532 (9,295) 23,920 (3,151) ---------------------------------------------------------------------------- Adjusted earnings 16,470 15,561 26,193 22,556 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Earnings (loss) per share 0.73 (0.43) 1.12 (0.15) ---------------------------------------------------------------------------- Adjusted earnings per share 0.77 0.72 1.23 1.05 ----------------------------------------------------------------------------



SECOND QUARTER RESULTS

(All percentage increases and decreases represent year-over-year changes for the second quarter of 2014 compared to the second quarter of 2013, unless otherwise noted.)

Uni-Select recorded an increase in overall sales of 0.5% to $479 million in the second quarter of 2014, resulting from organic growth of 2.9% and revenue derived from recent acquisitions which offset sales lost from store closures, the impact of the declining Canadian dollar and one less billing day in Canada. Sales of the US operations reached $343 million, up 1.1% over last year, with an organic growth 1.3%. Canadian operations delivered $136 million in sales in the same period, a slight decrease over 2013 mainly due to the impact of a lower Canadian dollar. Canadian organic growth reached 6.8%, resulting from successful sales initiatives and the recruitment of new customers.

EBITDA for the second quarter reached $30 million, compared to negative $7 million last year. Results for the second quarter of 2013 included $35.2 million in restructuring charges and expenses related to the development and deployment of the enterprise resource planning system. Adjusted EBITDA grew by 6.8% while the adjusted EBITDA margin increased by 5% to 6.5% compared to 6.2% last year. The increase was mainly due to Action Plan related savings of $3.8 million. Organic growth improved fixed cost leverage whereas tighter control on expenses also contributed to the increase. These positive items were partially offset by unfavorable distribution channel and customer mix.

SIX-MONTH PERIOD RESULTS

(All percentage increases and decreases represent year-over-year changes for the six-month period of 2014 compared to the six-month period of 2013, unless otherwise noted.)

Uni-Select recorded a decrease in overall sales of 0.7% to $892 million for the first six-month period of 2014. Sales lost from store closures, combined with the declining Canadian dollar exceeded the 2.3% organic growth and the impact of recent acquisitions.

Sales of the US operations reached $654 million, down 0.2% compared to last year, with an organic growth 1.1%. Canadian operations delivered $238 million in sales in the same period, a 2.0% decrease over 2013. Canadian organic growth reached 5.8%.

EBITDA reached $48 million, compared to $9 million last year. 2013 results were impacted by the items previously outlined. Adjusted EBITDA grew by 11.8% while the adjusted EBITDA margin increased by 11.5% to 5.8% compared to 5.2% last year. The increase was mainly attributable to the same factors as those mentioned in the quarter. Savings derived from the Action Plan accounted for $9.4 million and were partially offset by higher utilities caused by weather conditions across North America during the first quarter.

Since the beginning of the year, the Corporation generated $54 million in cash from operating activities, of which $38 million were used to reduce indebtedness. As of June 30, 2014, the Corporation's outstanding net debt stood at $260 million, down 6.5% from December 31, 2013.

As mentioned above our results are presented in US dollars. Once converted to Canadian dollars, adjusted earnings per share totals $0.84 for the 2014 second quarter, up 15% compared to $0.73 in 2013. For the six-month period ended June 30, adjusted earnings per share converted to Canadian dollars amounts to $1.35 compared to $1.07 in 2013, up 26%.

DIVIDEND

Uni-Select's Board of Directors declared a dividend of C$0.15 per share payable on October 21, 2014 to shareholders of record on September 30, 2014. This dividend is an eligible dividend for tax purposes.

CONFERENCE CALL

Uni-Select will host a conference call to discuss its 2014 second quarter results on July 30, 2014 at 3 PM (EDT). To join the conference, dial 1 866 696-5910 followed by 4101473.

A replay of the conference call will be available until 11:59 PM on August 6, 2014. To access the replay, dial 1 800 408-3053 followed by 8003408.

ABOUT UNI-SELECT

Founded in 1968, Uni-Select is a major distributor of replacement parts, equipment, tools, accessories, paint and related products for motor vehicles in North America. Leader in the Canadian industry, Uni-Select is the 5th largest distributor and the leading independent distributor of automotive paint and related products in North America. With its 5,500 employees, Uni-Select efficiently services a wide network of independent installers and wholesalers, including over 6,600 which operate under one of its banner programs in North America. Uni-Select is headquartered in Boucherville, QC and its shares are traded on the Toronto Stock Exchange (TSX) under the symbol UNS.

FORWARD-LOOKING INFORMATION

The information provided in this press release includes some forward-looking information, which includes certain risks and uncertainties, including risks relating to the implementation of the Action Plan resulting from the strategic review process, which may cause the final results to be significantly different from those listed or implied within this news release. For example, the foregoing estimates of cost and inventory reductions may be considered forward-looking information and are based upon certain key assumptions, including (i) the closure, sale or consolidation of the number of stores and distribution centres, and related reduction of headcounts, as planned and within the timeframe contemplated by the Action Plan and (ii) the timely completion of all other components of the Action Plan as planned. Uni-Select cautions that assumptions used to prepare the foregoing estimates, although reasonable at the time they were made, may prove to be incorrect or inaccurate. The foregoing factors could therefore cause the actual cost and inventory reductions to be derived under the Action Plan to differ materially from the amounts set forth in the foregoing estimates. For additional information with respect to risks and uncertainties, refer to the Annual Report filed by Uni-Select with the Canadian securities commissions. The forward-looking information contained herein is made as of the date of this press release, and Uni-Select does not undertake to publicly update such forward-looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws.

ADDITIONAL INFORMATION

The Interim Management's Discussion and Analysis, the unaudited interim financial statements and the accompanying notes for the Second Quarter of 2014 are available in the "Investors" section on the Corporation's website at uniselect.com as well as on SEDAR at sedar.com. The Corporation's Annual Report may also be found on these websites as well as other information related to Uni-Select, including its Annual Information Form.

Action Plan Financial Executive Summary

Internal strategic and operational plan (Action Plan) announced on July 11, 2013

------------------------------------ Announced on July 11, 2013 ------------------------------------ (in millions of US$) 2013 2014 2015 TOTAL ------------------------------------------------------------- Sales erosion $ 20.0$ 45.0$ 5.0$ 70.0 ------------------------------------------------------------- Cost savings $ 10.0$ 15.0$ 5.0$ 30.0 ------------------------------------------------------------- Restructuring charges and others ------------------------------------------------------------- Recorded 36.0 - - 36.0 ------------------------------------------------------------- As incurred 4.0 5.0 - 9.0 ------------------------------------------------------------- Inventory reduction $ 8.0$ 22.0$ 10.0$ 40.0 ------------------------------------------------------------- Capital expenditures $ 7.0$ 9.0 - $ 16.0 ------------------------------------------------------------- -------------------------------------------------- Realized -------------------------------------------------- (in millions of US$) Since implementation 1st quarter 2nd quarter (1) 2013 2014 2014 (June 30, 2014) --------------------------------------------------------------------------- Sales erosion $ 13.1$ 11.7$ 10.9 $ 35.7 --------------------------------------------------------------------------- Cost savings $ 13.0$ 5.6$ 3.8 $ 22.4 --------------------------------------------------------------------------- Restructuring charges and others --------------------------------------------------------------------------- Recorded 35.2 - - 35.2 --------------------------------------------------------------------------- As incurred 4.1 1.8 1.7 7.6 --------------------------------------------------------------------------- Inventory reduction $ 4.2$ 9.0$ 5.4 $ 18.6 --------------------------------------------------------------------------- Capital expenditures $ 2.4 - $ 0.2 $ 2.6 ---------------------------------------------------------------------------



(1) 13-month period

NON-IRFS FINANCIAL MEASURES

The information included in this press release contains certain measures that are consistent with IFRS. Non-IFRS financial measures do not have any standardized meaning prescribed by IFRS and are therefore, unlikely to be comparable to similar measures presented by other entities.

(1) Organic growth - This measure consists of quantifying the increase in pro forma consolidated sales between two given periods, excluding the impact of acquisitions, sales and disposals of stores, exchange-rate fluctuations and when necessary, the variance in the number of billing days. Determining the rate of organic growth, based on findings that Management regards as reasonable, may differ from the actual rate of organic growth.

(2) EBITDA - This measure represents net earnings excluding finance costs, depreciation and amortization, equity income and income taxes. This measure is a financial indicator of a corporation's ability to service and incur debt. It should not be considered by an investor as an alternative to sales or net earnings, as an indicator of operating performance or cash flows, or as a measure of liquidity, but as additional information.

(3) Adjusted EBITDA margin - The adjusted EBITDA margin is a percentage corresponding to the ratio of adjusted EBITDA to sales.

(4) Adjusted EBITDA, adjusted earnings and adjusted earnings per share - Management uses adjusted EBITDA, adjusted earnings and adjusted earnings per share to assess EBITDA, net earnings and net earnings per share from operating activities, excluding certain adjustments, net of income taxes (for adjusted earnings and adjusted earnings per share), which may affect the comparability of the Corporation's financial results. Management considers that these measures are more representative of the Corporation's operational performance and more appropriate in providing additional information. These adjustments include, among other things, the non-capitalizable costs related to the development and implementation of the ERP system, costs related to the closure and disposal of stores, as well as restructuring charges and others.

(5) Free cash flow - This measure corresponds to the cash flow from operating activities according to the statement of cash flows adjusted for the following items: changes in working capital items, equity income and acquisitions of property and equipment. The free cash flow excludes certain variations in working capital items (such as trade and other receivables, inventory and trade and other payables) and other funds generated and used according to the statement of cash flows. Therefore, it should not be considered as an alternative to the Consolidated Statement of Cash Flows, or as a measure of liquidity, but as additional information.

(6) Total net debt - This measure consists of long-term debt, including the portion due within a year (as shown in note 12 to the Interim Consolidated Financial Statements) net of cash. Debentures are excluded from the long term debt.

Reconciliation of non-IFRS measures

The following table presents a reconciliation of EBITDA and adjusted EBITDA.

---------------------------------------------------------------------------- Second quarter Six-month period ------------------------------------------------ 2014 2013 % 2014 2013 % ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net earnings 15,532 (9,295) 23,920 (3,151) Adjustments: Income tax expense (recovery) 3,968 (7,950) 4,047 (9,221) Equity income (795) (949) (1,296) (1,507) Depreciation and amortization 7,751 6,771 15,347 14,315 Finance costs, net 3,225 4,029 6,265 8,098 ------------------------------------------------ EBITDA 29,681 (7,394) 48,283 8,534 Restructuring charges and others - 35,180 - 35,180 Expenses related to the development and deployment of the enterprise resource planning system (ERP) (1) - 829 414 1,790 Expenses related to the network optimization and to the closure and disposal of stores (2) 1,625 705 3,445 1,127 ------------------------------------------------ Adjusted EBITDA 31,306 29,320 6.8 52,142 46,631 11.8 Adjusted EBITDA Margin 6.5% 6.2% 5.8% 5.2% ---------------------------------------------------------------------------- (1) Mainly include costs related to data conversion, employee training and deployment to various sites. Last deployment was made in December 2013. (2) Primarily consist of handling and freight expenses required to relocate inventory.



The following table presents a reconciliation of adjusted earnings and adjusted earnings per share.

---------------------------------------------------------------------------- Second quarter Six-month period ------------------------------------------------ 2014 2013 % 2014 2013 % ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Net earnings (loss) attributable to shareholders, as reported 15,532 (9,295) 23,920 (3,151) Restructuring charges and others, net of taxes - 23,926 - 23,926 Expenses related to the development and deployment of the enterprise resource planning system (ERP), net of taxes - 511 247 1,107 Expenses related to the network optimization and to the closure and disposal of stores, net of taxes 938 419 2,026 674 ------------------------------------------------ Adjusted earnings 16,470 15,561 5.8 26,193 22,556 16.1 ---------------------------------------------------------------------------- Net earnings (loss) per share attributable to shareholders, as reported 0.73 (0.43) 1.12 (0.15) Restructuring charges and others, net of taxes - 1.11 - 1.11 Expenses related to the development and deployment of the enterprise resource planning system (ERP), net of taxes - 0.02 0.01 0.05 Expenses related to the network optimization and to the closure and disposal of stores, net of taxes 0.04 0.02 0.10 0.03 ------------------------------------------------ Adjusted earnings per share 0.77 0.72 6.9 1.23 1.05 17.1 ----------------------------------------------------------------------------



The effect of the declining Canadian dollar was $0.02 on earnings per share for the quarter and $0.03 for the six-month period.

UNI-SELECT INC.

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)

---------------------------------------------------------------------------- (In thousands of US dollars, except per share amounts, Three-month periods Six-month periods ended unaudited) ended June 30, June 30, ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 2014 2013 2014 2013 ------------------------------------------------ Sales 478,690 476,176 891,767 897,996 Purchases, net of changes in inventories 338,174 333,910 626,610 625,679 ------------------------------------------------ Gross margin 140,516 142,266 265,157 272,317 Employee benefits 73,347 74,645 142,102 149,082 Other operating expenses 37,488 39,835 74,772 79,521 Restructuring charges and others - 35,180 - 35,180 ------------------------------------------------ Earnings (loss) before finance costs, depreciation and amortization, equity income and income taxes 29,681 (7,394) 48,283 8,534 ------------------------------------------------ Finance costs, net 3,225 4,029 6,265 8,098 Depreciation and amortization 7,751 6,771 15,347 14,315 ------------------------------------------------ Earnings (loss) before equity income and income taxes 18,705 (18,194) 26,671 (13,879) Equity income 795 949 1,296 1,507 ------------------------------------------------ Earnings (loss) before income taxes 19,500 (17,245) 27,967 (12,372) Income tax expense (recovery) Current 5,202 5,456 8,203 4,756 Deferred (1,234) (13,406) (4,156) (13,977) ------------------------------------------------ 3,968 (7,950) 4,047 (9,221) ------------------------------------------------ Net earnings (loss) attributable to shareholders 15,532 (9,295) 23,920 (3,151) ------------------------------------------------ ------------------------------------------------ Earnings (loss) per share basic 0.73 (0.43) 1.12 (0.15) Earnings (loss) per share diluted 0.72 (0.43) 1.12 (0.15) Weighted average number of common shares outstanding basic (in thousands) 21,264 21,465 21,264 21,482 Weighted average number of common shares outstanding diluted (in thousands) 22,573 21,465 22,566 21,482 ---------------------------------------------------------------------------- ----------------------------------------------------------------------------



UNI-SELECT INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

---------------------------------------------------------------------------- (In thousands of US dollars, Three-month periods Six-month periods unaudited) ended June 30, ended June 30, ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 2014 2013 2014 2013 ------------------------------------------------ Net earnings (loss) 15,532 (9,295) 23,920 (3,151) ------------------------------------------------ Other comprehensive income (loss) Items that will subsequently be reclassified to net earnings (loss): Effective portion of changes in the fair value of cash flow hedges (net of income tax of $35 and $59 for the three and six-month periods ($60 and $47 in 2013)) (85) (162) (158) 129 Net change in the fair value of derivative financial instruments designated as cash flow hedges transferred to earnings (net of income tax of $48 and $88 for the three and six-month periods ($97 and $195 in 2013)) 116 215 238 481 Unrealized exchange gains (losses) on the translation of financial statements to the presentation currency (5,307) 6,501 (37) 11,320 Unrealized exchange gains (losses) on the translation of debt designated as a hedge of net investments in foreign operations 9,497 (9,089) 300 (15,862) ------------------------------------------------ 4,221 (2,535) 343 (3,932) Items that will not subsequently be reclassified to net earnings (loss): Remeasurements of long- term employee benefit obligations (net of income tax of $529 and $1,193 for the three and six-month periods ($794 and $1,160 in 2013)) (829) 2,157 (3,222) 3,154 ------------------------------------------------ Total other comprehensive income (loss) 3,392 (378) (2,879) (778) ------------------------------------------------ Comprehensive income (loss) attributable to shareholders 18,924 (9,673) 21,041 (3,929) ------------------------------------------------ ------------------------------------------------ ---------------------------------------------------------------------------- ----------------------------------------------------------------------------



UNI-SELECT INC.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

---------------------------------------------------------------------------- Attributable to shareholders - Equity (In thousands component Accumulated of US Con- of the other dollars, Share tributed convertible Retained comprehensive Total unaudited) capital surplus debentures earnings income (loss) equity ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Balance, December 31, 2012 88,563 392 1,687 384,902 8,661 484,205 -------------------------------------------------------------- Net loss - - - (3,151) - (3,151) Other comprehensive income (loss) - - - 3,154 (3,932) (778) -------------------------------------------------------------- Comprehensive income (loss) - - - 3 (3,932) (3,929) Contributions by and distributions to shareholders: Share repurchases (397) - - (1,565) - (1,962) Dividends - - - (5,429) - (5,429) Stock-based compensation - 835 - - - 835 -------------------------------------------------------------- (397) 835 - (6,994) - (6,556) -------------------------------------------------------------- Balance, June 30, 2013 88,166 1,227 1,687 377,911 4,729 473,720 -------------------------------------------------------------- -------------------------------------------------------------- Balance, December 31, 2013 87,271 1,332 1,687 394,716 3,749 488,755 -------------------------------------------------------------- Net earnings - - - 23,920 - 23,920 Other comprehensive income (loss) - - - (3,222) 343 (2,879) -------------------------------------------------------------- Comprehensive income - - - 20,698 343 21,041 Contributions by and distributions to shareholders: Share repurchases (25) - - (123) - (148) Dividends - - - (5,434) - (5,434) Stock-based compensation - 674 - - - 674 -------------------------------------------------------------- (25) 674 - (5,557) - (4,908) -------------------------------------------------------------- Balance, June 30, 2014 87,246 2,006 1,687 409,857 4,092 504,888 -------------------------------------------------------------- -------------------------------------------------------------- ---------------------------------------------------------------------------- ----------------------------------------------------------------------------



UNI-SELECT INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

---------------------------------------------------------------------------- (In thousands of US dollars, Three-month periods Six-month periods unaudited) ended June 30, ended June 30, ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 2014 2013 2014 2013 ------------------------------------------------ OPERATING ACTIVITIES Net earnings (loss) 15,532 (9,295) 23,920 (3,151) Non-cash items: Finance costs, net 3,225 4,029 6,265 8,098 Depreciation and amortization 7,751 6,771 15,347 14,315 Restructuring charges and others - 35,180 - 35,180 Income tax expense (recovery) 3,968 (7,950) 4,047 (9,221) Other non-cash items 1,490 (618) 5,291 (147) Changes in working capital items 20,793 12,167 12,290 11,425 Interest paid (2,164) (2,805) (5,287) (7,732) Income taxes recovered (paid) (3,672) 1,919 (7,708) 1,187 ------------------------------------------------ Cash flows from operating activities 46,923 39,398 54,165 49,954 ------------------------------------------------ INVESTING ACTIVITIES Net business acquisitions 2,209 (448) (17,577) (1,401) Balances of purchase price 198 (136) 36 (252) Advances to merchant members (6,728) (3,775) (10,496) (6,883) Receipts on investments and advances to merchant members 1,944 1,781 3,994 4,257 Acquisitions of property and equipment (1,960) (2,056) (3,464) (6,508) Disposals of property and equipment 221 307 361 483 Acquisitions and development of intangible assets (3,242) (3,281) (4,243) (4,009) ------------------------------------------------ Cash flows used in investing activities (7,358) (7,608) (31,389) (14,313) ------------------------------------------------ FINANCING ACTIVITIES Increase in long-term debt 11,621 4,752 44,034 201,691 Repayment of long-term debt (48,659) (33,886) (61,714) (229,499) Merchant members' deposits in the guarantee fund (21) 36 95 (467) Share repurchases (148) - (148) (1,962) Dividends paid (2,369) (2,704) (5,044) (5,443) ------------------------------------------------ Cash flows used in financing activities (39,576) (31,802) (22,777) (35,680) ------------------------------------------------ Effects of fluctuations in exchange rates on cash 2 (3) - (5) ------------------------------------------------ Net decrease in cash (9) (15) (1) (44) Cash, beginning of period 65 93 57 122 ------------------------------------------------ Cash, end of period 56 78 56 78 ------------------------------------------------ ------------------------------------------------ ---------------------------------------------------------------------------- ----------------------------------------------------------------------------



UNI-SELECT INC.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

---------------------------------------------------------------------------- (In thousands of US dollars, unaudited) June 30, Dec. 31, ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 2014 2013 -------------------------------- ASSETS Current assets: Cash 56 57 Trade and other receivables 256,494 220,942 Income taxes receivable 18,060 16,883 Inventory 504,760 532,045 Prepaid expenses 12,951 11,417 -------------------------------- Total current assets 792,321 781,344 Equity investments, other investments and advances to merchant members 24,834 36,855 Property and equipment 52,336 49,494 Intangible assets 134,303 140,598 Goodwill 195,906 184,449 Deferred tax assets 10,752 13,151 -------------------------------- TOTAL ASSETS 1,210,452 1,205,891 -------------------------------- -------------------------------- LIABILITIES Current liabilities: Trade and other payables 352,534 341,429 Provision for restructuring charges and others 10,196 15,185 Dividends payable 2,992 2,598 Current portion of long-term debt and merchant members' deposits in the guarantee fund 5,012 4,667 -------------------------------- Total current liabilities 370,734 363,879 Long-term employee benefit obligations 24,651 19,561 Long-term debt 254,736 273,165 Convertible debentures 47,169 46,829 Merchant members' deposits in the guarantee fund 7,063 6,988 Derivative financial instruments 781 890 Deferred tax liabilities 430 5,824 -------------------------------- TOTAL LIABILITIES 705,564 717,136 -------------------------------- EQUITY Share capital 87,246 87,271 Contributed surplus 2,006 1,332 Equity component of the convertible debentures 1,687 1,687 Retained earnings 409,857 394,716 Accumulated other comprehensive income 4,092 3,749 -------------------------------- TOTAL EQUITY 504,888 488,755 -------------------------------- TOTAL LIABILITIES AND EQUITY 1,210,452 1,205,891 -------------------------------- -------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: Source: Uni-Select Inc.uniselect.com Contact: Karine Vachon Investor Relations and Communications Manager 450 641-6972 investorrelations@uniselect.com Source: Uni-Select Inc.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Marketwire (Canada)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters