AUTOCANADA REPORTS RECORD SECOND QUARTER RESULTS
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 EBITDA 1 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 EBITDA 1 of $67.5 million Adjusted EBITDA margin 1 was 4.5% versus the normalized adjusted EBITDA margin 1 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 indebtedness 1 of $294.1 million at the end of Q2 2022 compares to $248.8 million at the end of Q1 2022 EDMONTON, AB , Aug.
AUTOCANADA REPORTS RECORD SECOND QUARTER RESULTS
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 EBITDA 1 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 EBITDA 1 of $67.5 million Adjusted EBITDA margin 1 was 4.5% versus the normalized adjusted EBITDA margin 1 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 indebtedness 1 of $294.1 million at the end of Q2 2022 compares to $248.8 million at the end of Q1 2022 EDMONTON, AB , Aug.