HomeMortgageAUTOCANADA REPORTS RECORD SECOND QUARTER RESULTS

AUTOCANADA REPORTS RECORD SECOND QUARTER RESULTS

August 10, 2022

Revenue was $1,686.0 million as compared to $1,281.1 million in the prior year, an increase of 32% and the highest second quarter revenue reported in the Company’s history
Net income for the period was $39.1 million, which includes $10.0 million of incremental inventory writedowns, versus net income of $37.7 million in the prior year
Adjusted EBITDA¹ was $75.6 million versus $70.5 million in the prior year, an increase of 7.2%; normalized increase of 11.9% as compared to prior year normalized adjusted EBITDA¹of $67.5 million

Adjusted EBITDA margin¹ was 4.5% versus the normalized adjusted EBITDA margin¹ of 5.3% in the prior year, a decrease of (0.8) percentage points

Diluted earnings per share was $1.33, an increase of $0.10 from $1.23 in the prior year
Indebtedness of $375.0 million at the end of Q2 2022 compares to $358.5 million at the end of Q1 2022
Net indebtedness¹ of $294.1…