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First quarter comparable store sales growth of 3.4% 11% increase in first quarter diluted earnings per share to $9.20 Completed the acquisition of Groupe Del Vasto in January SPRINGFIELD, Mo., April 24, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its first quarter ended March 31, 2024. 1st Quarter Financial Results Brad Beckham, O’Reilly’s CEO, commented, “We are pleased to report a solid start to 2024, highlighted by a 3.4% comparable store sales increase, which was on top of the very strong 10.8% comparable store sales increase from the first quarter last year. Our comparable store sales increase was comprised of solid growth in both professional and DIY, which grew mid-single digit and low-single digit, respectively, in the quarter. Our team’s continued strong execution drove an 11% increase in diluted earnings per share, and is a clear demonstration of Team O’Reilly’s commitment to our culture values of hard work and excellent customer service. I would like to thank each of our over 90,000 Team Members for their ongoing dedication to O’Reilly’s success.” Sales for the first quarter ended March 31, 2024, increased $268 million, or 7%, to $3.98 billion from $3.71 billion for the same period one year ago. Gross profit for the first quarter increased 8% to $2.03 billion (or 51.2% of sales) from $1.89 billion (or 51.0% of sales) for the same period one year ago. Selling, general and administrative expenses for the first quarter increased 9% to $1.28 billion (or 32.2% of sales) from $1.17 billion (or 31.7% of sales) for the same period one year ago. Operating income for the first quarter increased 5% to $752 million (or 18.9% of sales) from $717 million (or 19.3% of sales) for the same period one year ago. Net income for the first quarter ended March 31, 2024, increased $30 million, or 6%, to $547 million (or 13.8% of sales) from $517 million (or 13.9% of sales) for the same period one year ago. Diluted earnings per common share for the first quarter increased 11% to $9.20 on 59 million shares versus $8.28 on 62 million shares for the same period one year ago. Mr. Beckham concluded, “During the first quarter, we opened 37 stores across 20 U.S. states and Mexico and continue to be extremely pleased with the performance of our new stores. Additionally, we began operating 23 stores in Canada after closing on the acquisition of Vast Auto in January. With the talented and experienced Vast Auto team now officially a part of Team O’Reilly, we are very pleased with the early momentum we have generated in Canada. We remain excited about the future opportunities we have before us in the Canadian market and throughout North America and look forward to growing our market share in new and existing markets as the industry leader in excellent customer service.” 1st Quarter Comparable Store Sales Results Comparable store sales are calculated based on the change in sales for U.S. stores open at least one year and exclude sales of specialty machinery, sales to independent parts stores, and sales to Team Members, as well as sales from Leap Day in the three months ended March 31, 2024. Online sales for ship-to-home orders and pick-up-in-store orders for U.S. stores open at least one year are included in the comparable store sales calculation. Comparable store sales increased 3.4% for the first quarter ended March 31, 2024, on top of 10.8% for the same period one year ago. Share Repurchase Program During the first quarter ended March 31, 2024, the Company repurchased 0.3 million shares of its common stock, at an average price per share of $1,029.24, for a total investment of $270 million. Excise tax on shares repurchased, assessed at one percent of the fair market value of shares repurchased, was $2.7 million for the three months ended March 31, 2024. Subsequent to the end of the first quarter and through the date of this release, the Company repurchased an additional 0.1 million shares of its common stock, at an average price per share of $1,102.00, for a total investment of $79 million. The Company has repurchased a total of 94.4 million shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of this release, at an average price of $249.17, for a total aggregate investment of $23.53 billion. As of the date of this release, the Company had approximately $2.22 billion remaining under its current share repurchase authorizations. Updated Full-Year 2024 Guidance The table below outlines the Company’s updated guidance for selected full-year 2024 financial data: For the Year Ending December 31, 2024 Net, new store openings 190 to 200 Comparable store sales 3.0% to 5.0% Total revenue $16.8 billion to $17.1 billion Gross profit as a percentage of sales 51.0% to 51.5% Operating income as a percentage of sales 19.7% to 20.2% Effective income tax rate 22.4% Diluted earnings per share (1) $41.35 to $41.85 Net cash provided by operating activities $2.7 billion to $3.1 billion Capital expenditures $900 million to $1.0 billion Free cash flow (2) $1.8 billion to $2.1 billion (1) Weighted-average shares outstanding, assuming dilution, used in the denominator of this calculation, includes share repurchases made by the Company through the date of this release. (2) Free cash flow is a non-GAAP financial measure. The table below reconciles Free cash flow guidance to Net cash provided by operating activities guidance, the most directly comparable GAAP financial measure: For the Year Ending (in millions) December 31, 2024 Net cash provided by operating activities $ 2,715 to $ 3,125 Less: Capital expenditures 900 to 1,000 Excess tax benefit from share-based compensation payments 15 to 25 Free cash flow $ 1,800 to $ 2,100 Non-GAAP Information This release contains certain financial information not derived in accordance with United States generally accepted accounting principles (“GAAP”). These items include adjusted debt to earnings before interest, taxes, depreciation, amortization, share-based compensation, and rent (“EBITDAR”) and free cash flow. The Company does not, nor does it suggest investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial information. The Company believes that the presentation of adjusted debt to EBITDAR and free cash flow provide meaningful supplemental information to both management and investors that is indicative of the Company’s core operations. The Company has included a reconciliation of this additional information to the most comparable GAAP measure in the table above and the selected financial information below. Earnings Conference Call Information The Company will host a conference call on Thursday, April 25, 2024, at 10:00 a.m. Central Time to discuss its results as well as future expectations. Investors may listen to the conference call live on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations” and then “News Room.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 193896. A replay of the conference call will be available on the Company’s website through Thursday, April 24, 2025. About O’Reilly Automotive, Inc. O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of March 31, 2024, the Company operated 6,217 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada. Forward-Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by forward-looking words such as “estimate,” “may,” “could,” “will,” “believe,” “expect,” “would,” “consider,” “should,” “anticipate,” “project,” “plan,” “intend,” or similar words. In addition, statements contained within this press release that are not historical facts are forward-looking statements, such as statements discussing, among other things, expected growth, store development, integration and expansion strategy, business strategies, future revenues, and future performance. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events and results. Such statements are subject to risks, uncertainties, and assumptions, including, but not limited to, the economy in general; inflation; consumer debt levels; product demand; a public health crisis; the market for auto parts; competition; weather; tariffs; availability of key products and supply chain disruptions; business interruptions, including terrorist activities, war and the threat of war; failure to protect our brand and reputation; challenges in international markets; volatility of the market price of our common stock; our increased debt levels; credit ratings on public debt; damage, failure, or interruption of information technology systems, including information security and cyber-attacks; historical growth rate sustainability; our ability to hire and retain qualified employees; risks associated with the performance of acquired businesses; and governmental regulations. Actual results may materially differ from anticipated results described or implied in these forward-looking statements. Please refer to the “Risk Factors” section of the annual report on Form 10-K for the year ended December 31, 2023, and subsequent Securities and Exchange Commission filings, for additional factors that could materially affect the Company’s financial performance. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. For further information contact: Investor Relations Contacts Mark Merz (417) 829-5878 Eric Bird (417) 868-4259 Media Contact Sonya Cox (417) 829-5709 O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) March 31, 2024 March 31, 2023 December 31, 2023 (Unaudited) (Unaudited) (Note) Assets Current assets: Cash and cash equivalents $ 89,264 $ 59,872 $ 279,132 Accounts receivable, net 437,821 346,037 375,049 Amounts receivable from suppliers 139,267 128,758 140,443 Inventory 4,805,164 4,543,980 4,658,367 Other current assets 128,181 109,347 105,311 Total current assets 5,599,697 5,187,994 5,558,302 Property and equipment, at cost 8,555,556 7,649,066 8,312,367 Less: accumulated depreciation and amortization 3,360,351 3,090,010 3,275,387 Net property and equipment 5,195,205 4,559,056 5,036,980 Operating lease, right-of-use assets 2,227,783 2,166,646 2,200,554 Goodwill 1,009,857 892,094 897,696 Other assets, net 180,512 167,026 179,463 Total assets $ 14,213,054 $ 12,972,816 $ 13,872,995 Liabilities and shareholders’ deficit Current liabilities: Accounts payable $ 6,117,068 $ 6,055,992 $ 6,091,700 Self-insurance reserves 130,974 136,723 128,548 Accrued payroll 127,704 111,324 138,122 Accrued benefits and withholdings 174,125 132,022 174,650 Income taxes payable 147,645 117,790 7,860 Current portion of operating lease liabilities 399,245 375,451 389,536 Other current liabilities 791,633 427,006 730,937 Total current liabilities 7,888,394 7,356,308 7,661,353 Long-term debt 5,288,632 4,927,678 5,570,125 Operating lease liabilities, less current portion 1,900,200 1,854,533 1,881,344 Deferred income taxes 321,323 249,903 295,471 Other liabilities 205,703 209,411 203,980 Shareholders’ equity (deficit): Common stock, $0.01 par value: Authorized shares – 245,000,000 Issued and outstanding shares – 58,982,123 as of March 31, 2024, and 61,038,936 as of March 31, 2023, and 59,072,792 as of December 31, 2023 590 610 591 Additional paid-in capital 1,410,756 1,305,276 1,352,275 Retained deficit (2,849,108 ) (2,952,797 ) (3,131,532 ) Accumulated other comprehensive income 46,564 21,894 39,388 Total shareholders’ deficit (1,391,198 ) (1,625,017 ) (1,739,278 ) Total liabilities and shareholders’ deficit $ 14,213,054 $ 12,972,816 $ 13,872,995 Note: The balance sheet at December 31, 2023, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements. O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data) For the Three Months Ended March 31, 2024 2023 Sales $ 3,976,240 $ 3,707,864 Cost of goods sold, including warehouse and distribution expenses 1,942,068 1,817,535 Gross profit 2,034,172 1,890,329 Selling, general and administrative expenses 1,281,691 1,173,684 Operating income 752,481 716,645 Other income (expense): Interest expense (57,148 ) (44,572 ) Interest income 1,656 868 Other, net 3,401 4,479 Total other expense (52,091 ) (39,225 ) Income before income taxes 700,390 677,420 Provision for income taxes 153,152 160,535 Net income $ 547,238 $ 516,885 Earnings per share-basic: Earnings per share $ 9.27 $ 8.36 Weighted-average common shares outstanding – basic 59,017 61,840 Earnings per share-assuming dilution: Earnings per share $ 9.20 $ 8.28 Weighted-average common shares outstanding – assuming dilution 59,454 62,398 O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) For the Three Months Ended March 31, 2024 2023 Operating activities: Net income $ 547,238 $ 516,885 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, equipment and intangibles 109,648 93,747 Amortization of debt discount and issuance costs 1,593 1,215 Deferred income taxes 2,374 3,393 Share-based compensation programs 7,022 7,435 Other 2,997 29 Changes in operating assets and liabilities: Accounts receivable (36,954 ) (2,610 ) Inventory (92,042 ) (179,481 ) Accounts payable 6,107 172,701 Income taxes payable 140,025 145,441 Other 16,207 (44,991 ) Net cash provided by operating activities 704,215 713,764 Investing activities: Purchases of property and equipment (249,240 ) (223,268 ) Proceeds from sale of property and equipment 3,853 2,704 Other, including acquisitions, net of cash acquired (155,366 ) (956 ) Net cash used in investing activities (400,753 ) (221,520 ) Financing activities: Proceeds from borrowings on revolving credit facility 30,000 1,216,000 Payments on revolving credit facility — (661,000 ) Net payments of commercial paper (310,805 ) — Repurchases of common stock (270,019 ) (1,111,461 ) Net proceeds from issuance of common stock 57,815 15,146 Other (569 ) (354 ) Net cash used in financing activities (493,578 ) (541,669 ) Effect of exchange rate changes on cash 248 714 Net decrease in cash and cash equivalents (189,868 ) (48,711 ) Cash and cash equivalents at beginning of the period 279,132 108,583 Cash and cash equivalents at end of the period $ 89,264 $ 59,872 Supplemental disclosures of cash flow information: Income taxes paid $ 9,798 $ 9,696 Interest paid, net of capitalized interest 34,671 26,531 O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES SELECTED FINANCIAL INFORMATION (Unaudited) For the Twelve Months Ended March 31, Adjusted Debt to EBITDAR: 2024 2023 (In thousands, except adjusted debt to EBITDAR ratio) GAAP debt $ 5,288,632 $ 4,927,678 Add: Letters of credit 137,848 116,688 Unamortized discount and debt issuance costs 28,368 27,322 Six-times rent expense 2,587,056 2,404,986 Adjusted debt $ 8,041,904 $ 7,476,674 GAAP net income $ 2,376,934 $ 2,207,655 Add: Interest expense 214,244 167,451 Provision for income taxes 650,786 635,159 Depreciation and amortization 424,962 368,757 Share-based compensation expense 27,098 27,360 Rent expense (i) 431,176 400,831 EBITDAR $ 4,125,200 $ 3,807,213 Adjusted debt to EBITDAR 1.95 1.96 (i) The table below outlines the calculation of Rent expense and reconciles Rent expense to Total lease cost, per ASC 842, the most directly comparable GAAP financial measure, for the twelve months ended March 31, 2024 and 2023 (in thousands): For the Twelve Months Ended March 31, 2024 2023 Total lease cost, per ASC 842 $ 510,208 $ 476,439 Less: Variable non-contract operating lease components, related to property taxes and insurance 79,032 75,608 Rent expense $ 431,176 $ 400,831 March 31, 2024 2023 Selected Balance Sheet Ratios: Inventory turnover (1) 1.7 1.7 Average inventory per store (in thousands) (2) $ 773 $ 754 Accounts payable to inventory (3) 127.3 % 133.3 % For the Three Months Ended March 31, 2024 2023 Reconciliation of Free Cash Flow (in thousands): Net cash provided by operating activities $ 704,215 $ 713,764 Less: Capital expenditures 249,240 223,268 Excess tax benefit from share-based compensation payments 16,120 4,378 Free cash flow $ 438,855 $ 486,118 For the Three Months Ended March 31, 2024 2023 Revenue Disaggregation (in thousands): Sales to do-it-yourself customers $ 2,001,986 $ 1,918,467 Sales to professional service provider customers 1,869,740 1,711,964 Other sales, sales adjustments, and sales from the acquired Vast Auto stores 104,514 77,433 Total sales $ 3,976,240 $ 3,707,864 For the Three Months Ended For the Twelve Months Ended March 31, March 31, 2024 2023 2024 2023 Store Count: Beginning domestic store count 6,095 5,929 5,986 5,811 New stores opened 36 59 146 179 Stores closed — (2 ) (1 ) (4 ) Ending domestic store count 6,131 5,986 6,131 5,986 Beginning Mexico store count 62 42 43 27 New stores opened 1 1 20 16 Ending Mexico store count 63 43 63 43 Beginning Canada store count — — — — Stores acquired 23 — 23 — Ending Canada store count 23 — 23 — Total ending store count 6,217 6,029 6,217 6,029 For the Three Months Ended For the Twelve Months Ended March 31, March 31, 2024 2023 2024 2023 Store and Team Member Information: Total employment 90,601 89,125 Square footage (in thousands) (4) 47,143 45,117 Sales per weighted-average square foot (4)(5) $ 82.59 $ 81.09 $ 341.62 $ 328.29 Sales per weighted-average store (in thousands) (4)(6) $ 634 $ 611 $ 2,601 $ 2,467 (1) Calculated as cost of goods sold for the last 12 months divided by average inventory. Average inventory is calculated as the average of inventory for the trailing four quarters used in determining the denominator. (2) Calculated as inventory divided by store count at the end of the reported period. (3) Calculated as accounts payable divided by inventory. (4) Represents O’Reilly’s U.S. and Puerto Rico operations only. (5) Calculated as sales less jobber sales, divided by weighted-average square footage. Weighted-average square footage is determined by weighting store square footage based on the approximate dates of store openings, acquisitions, expansions, or closures. (6) Calculated as sales less jobber sales, divided by weighted-average stores. Weighted-average stores is determined by weighting stores based on their approximate dates of openings, acquisitions, or closures.

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Last week, the high-speed action of High Limit Racing descended on the Sooner State , and Brad Sweet and the NAPA Auto Parts No. 49 team emerged as the dominant force of the series’ Oklahoma swing. When action kicked off Tuesday at Red Dirt Raceway in Meeker, Sweet appeared quick from the start. The NAPA Auto Parts No. 49 sprint car topped the charts in Flight B qualifying, clocking in at 12.334 seconds. The Big Cat maintained his composure despite tough competition in his heat race, where he started fourth and finished fifth. Sweet earned a spot in the dash thanks to having the quickest time in his qualifying group. In just seven laps, he advanced from fifth to fourth, placing the No. 49 fourth to start the feature. There, Sweet battled fierce competition and a technical track to ultimately finish eighth. Undeterred, the NAPA team went on to Southern Oklahoma Speedway for a Friday night High Limit Racing show. A strong qualifying run placed the No. 49 third overall, and Sweet lined up fourth for his heat race. Despite starting in dirty air and finishing in fifth, Sweet again made the dash on his strong qualifying time. With his dash finish setting his feature starting spot, the Big Cat had seven laps to improve from his fourth-place dash draw. He crossed the line in third, and went on to deliver an outstanding performance in the feature. Sweet surged to the lead from third and claimed his first High Limit Racing victory. The No. 49 team carried that winning momentum into Saturday’s event at Salina Highbanks Speedway. Logging a lightning-fast lap of 11.585 seconds in qualifying, Sweet dominated the competition and secured his fourth Quick Time award of the season. In a display of his skill and experience, Sweet powered the NAPA No. 49 from fourth to third in his heat race, again earning a spot in the dash. He advanced from third to second, locking into a front-row starting spot for the feature. He successfully seized the lead in a flawless performance and took the checkered flag to sweep the weekend. Start / Finish: Tuesday, April 16, Red Dirt Raceway: 4 / 8 Friday, April 19, Southern Oklahoma Speedway: 3 / 1 Saturday, April 20, Salina Highbanks Speedway: 2 / 1 Points Standing / Total: 2nd / 597 pts. (-14) Next Race: Tuesday, April 23, Riverside International Speedway How to Watch or Listen: FloRacing NAPA: @NAPARacing Brad Sweet: @BradSweetRacing Kasey Kahne Racing: @KKRdirt The post Sweet Sweeps the Weekend in Oklahoma appeared first on NAPA Blog. View the full article

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Chase Elliott and the No. 9 NAPA Auto Parts team qualified ninth for Sunday’s NASCAR Cup Series race at Talladega Superspeedway. Elliott led laps en route to a second-place result in stage one and followed that up with an eighth-place finish in stage two. After making multiple moves to try to advance to the front of the field towards the end race, he avoided a last-lap multi-car incident to finish 15th. The 28-year-old driver now sits third in the Cup Series point standings, just 22 markers behind the leader. Chase Elliott advanced to the final round of Saturday’s qualifying session, ultimately claiming a ninth-place starting position for Sunday’s NASCAR Cup series race at Talladega Superspeedway. Early in the race, Elliott opted to drop back in the field in an effort to conserve fuel. He maneuvered his way forward utilizing the outside lane as the field went three wide. Eventually, the driver of the No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 found the front of the pack and took over the lead for the first time of the race on lap 42. Just two laps later, Elliott made his way to pit road for a fuel-only stop. Once green-flag stops cycled through, the 28-year-old driver retook the lead. He raced side-by-side with the No. 2 for the top spot as the field ran double file. Elliott came up just short of the stage win, taking the green-and-white checkered flag in second at the conclusion of lap 60. Under the stage-ending caution, Elliott relayed that he thought he wore out the right front tire. After the team made a pit stop for four tires and fuel, crew chief Alan Gustafson examined the tires and relayed to Elliott that the right front looked fine. The 2020 Cup Series champion was the second one off of pit road but opted to line up on the outside of row two to start the second stage. The majority of the field went back to three-wide racing and Elliott utilized all the lanes throughout the stage to find momentum. On lap 103, he brought the NAPA Auto Parts Chevrolet to the attention of his crew for fuel. In the closing laps of stage two, Elliott was running among the front half of his competitors and scored an eighth-place result at its lap-120 conclusion. After pitting for four tires and fuel during the stage break, the team opted to pit again to top off the fuel tank of the NAPA Auto Parts Chevy. Elliott took the green flag for the final stage deep in the field and was running just outside of the top 20 when the yellow flag waved for a multi-car incident. After pitting for fuel only, Elliott restarted inside the top 15 and continued to run among the top 20 in the running order. After another caution came out on lap, the No. 9 NAPA team took the opportunity to pit for the final time for fuel. Elliott was the 16th to choose his lane for the lap-161 restart and opted for the inside. As the laps wound down, Elliott joined a third lane of cars on the outside. After initially making progress, the lane stalled out and he lost his momentum. On the final lap of the race, the leaders triggered a multi-car incident and Elliott avoided the melee to earn a 15th-place finish. A solid points day for Elliott moved him up to third in the Cup Series driver standings. He’ll head to Dover Motor Speedway next week just 22 markers behind the leader. Start / Finish: 9 / 15 Points Standing / Total: 3rd / 337 (-22) Next Race: Sunday, April 28, Dover Motor Speedway How to Watch or Listen: 2:00 p.m. ET on FS1, PRN or SiriusXM NAPA: @NAPARacing Chase Elliott: @ChaseElliott Hendrick Motorsports: @TeamHendrick No. 9 Team: @Hendrick9Team The post Elliott Avoids Last-Lap Incident, Earns Top-15 Result at Talladega appeared first on NAPA Blog. View the full article

Jack Wood was on track to collect a top-five finish at Kevin Harvick’s Kern County Raceway Park (KCRP) before trouble dealt him a 12th-place finish on Saturday night. The driver of the No. 16 NAPA Auto Care Chevrolet SS was in position to secure a fourth-place finish but suffered a melted right-front tire bead with five laps to go. Wood started on the front row for his second appearance at KCRP after stopping the clock at 18.646 seconds to equal his career-best qualifying effort. He made an early bid for the race lead before settling into second position for the majority of the event’s first half. As the opening 75-lap run progressed, Wood began to battle brake issues and a loose handling condition. The balance hampered his ability to keep pace with the lead and was in fourth position by the halfway caution at lap 75. Crew chief Kevin Bellicourt and the NAPA Auto Care team made an adjustment during the five-minute halfway break to aid Wood’s handling balance. When the race restarted, Wood took advantage of the outside line to reclaim third position. However, his brake issues escalated in the second half despite running in fourth position. Wood suffered a flat right front tire in the waning laps and was handed a 12th-place finish. “We had a fast NAPA Auto Care Chevrolet today,” Wood said. “I’m proud of the speed these guys at BMR had in our car. We had a brake issue and I didn’t have much of a pedal before halfway and we got really loose. Kevin (Bellicourt) and the guys made a good adjustment at the halfway break on the balance and we got the car better. But the brake pedal just went to the floor as the night went. We were still in the top five and were going to have a good points night but had a flat right front at the end. It’s unfortunate we didn’t get the result, but happy with the speed we had today.” Start / Finish: 2 / 12 Points Standing / Total: 7th / 37 pts. (-12) Next Race: Friday, May 31, Portland International Raceway How to Watch or Listen: FloRacing NAPA: @NAPARacing Jack Wood: @DriverJackWood Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR The post Wood’s Top-Five Run at Kern County Deflated by Flat Tire appeared first on NAPA Blog. View the full article

Your customers may be using air tools in a variety of circumstances for an even wider variety of jobs. Here’s how to help them understand why they need to buy the right fitting for the application. View Full Diagram Here There are multiple different sizes and styles, and what one shop uses may not be the same as another. The size and style affect the volume of air they can deliver, a critical point because air tools require a specific pressure and volume for proper operation, and restrictive fittings can limit their performance. Here’s a look at the most common sizes and styles found in most automotive shops, and how you can identify them. For more ToolIntel training, visit TechShop. The post Tool Intel – Understanding Air Tool Fittings and Couplers appeared first on Counterman Magazine. View the full article

The digital edition of Counterman’s April 2024 issue, part of AMN/Counterman magazine, is available for viewing on the Counterman website. The April issue features tech articles on rotating electrical assemblies and components; explaining the importance of a coolant flush; timing chains; and understanding the key differences between OHV, SOHC and DOHC valvetrains. The issue also features Tom Dayton’s popular “Counter View,” focusing on minding your Ps and Qs (price and quality). To view the April 2024 digital edition of Counterman, click here. Or, browse back issues in the Counterman archive. The post Read the April Digital Edition of Counterman appeared first on Counterman Magazine. View the full article

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ATLANTA, April 18, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today its results for the first quarter ended March 31, 2024. "Our performance in the quarter highlights the value of our business mix paired with our geographic diversity as our teams delivered profits that were ahead of our expectations," said Paul Donahue, Chairman and Chief Executive Officer. "We did this by staying focused on both our near- and long-term strategic initiatives to improve our business and drive profitable growth. I want to take a moment to thank our GPC teammates across the globe for their hard work and dedication to delivering value for our customers." First Quarter 2024 Results Sales were $5.8 billion, a 0.3% increase compared to $5.8 billion in the same period of the prior year. The sales result is attributable to a 1.9% benefit from acquisitions, offset by a 0.9% decrease in comparable sales and 0.7% unfavorable impact of foreign currency and other. Net income was $249 million, or $1.78 per diluted earnings per share. This compares to net income of $304 million, or $2.14 per diluted share in the prior year period. Adjusted net income, which excludes a net expense of $62 million after tax adjustments, or $0.44 per diluted share, in non-recurring costs related to our global restructuring, was $311 million. This compares to net income of $304 million for the same three-month period of the prior year, an increase of 2.3%. On a per share diluted basis, adjusted net income was $2.22, an increase of 3.7% compared to diluted earnings per share of $2.14 last year. Refer to the reconciliation of GAAP net income to adjusted net income and GAAP diluted earnings per share to adjusted diluted earnings per share for more information. First Quarter 2024 Segment Highlights Automotive Parts Group ("Automotive") Global Automotive sales were $3.6 billion, up 1.9% from the same period in 2023, reflecting a 0.2% increase in comparable sales and a 2.8% benefit from acquisitions, partially offset by 1.1% unfavorable impact of foreign currency and other. Segment profit of $273 million increased 3.2%, with segment profit margin of 7.6%, up 10 basis points from last year. Industrial Parts Group ("Industrial") Industrial sales were $2.2 billion, down 2.2% from the same period in 2023, with a 0.5% benefit from acquisitions, offset by a 2.6% decrease in comparable sales and 0.1% unfavorable impact of foreign currency. Segment profit of $271 million increased 3.4%, with segment profit margin of 12.3%, up 70 basis points from the same period of the prior year. "We are pleased with the start to 2024, which was highlighted by operating discipline that delivered improved overall earnings against a backdrop of low sales growth," said Will Stengel, President and Chief Operating Officer. "In Industrial, sales decreased low-single-digits, in-line with our expectations, as we were up against our most difficult comparative period for the year. In Automotive, the actions taken in our U.S. Automotive business are gaining traction, and we are encouraged by the sequential improvement in performance. This improvement, coupled with the solid performance of our other businesses, is reflected in our reaffirmed sales growth and improved earnings outlook for 2024." Balance Sheet, Cash Flow and Capital Allocation The company generated cash flow from operations of $318 million for the first three months of 2024. We used $178 million in cash for investing activities, including $116 million for capital expenditures and $135 million for M&A. We also used $175 million in cash for financing activities, including $133 million for quarterly dividends paid to shareholders and $38 million for stock repurchases. Free cash flow was $203 million for the first three months of 2024. Refer to the reconciliation of GAAP net cash provided by operating activities to free cash flow for more information. The company ended the quarter with $2.5 billion in total liquidity, consisting of $1.5 billion availability on the revolving credit facility and $1.0 billion in cash and cash equivalents. 2024 Outlook The company is updating full-year 2024 guidance previously provided in its earnings release on February 15, 2024. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its guidance, which is outlined in the table below. View the full article

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In this aftermarketNews Executive Interview, Johannes Crepon, PDM Automotive Co-Founder & CEO, discusses the company’s platform, how it helps parts suppliers keep their product data up to date, how the use of AI technology makes e-commerce easier for suppliers and distributors, what the company has planned for this year, and more. aftermarketNews: PDM Automotive provides commerce software for auto parts suppliers, manufacturers, resellers and distributors. Give us a brief overview of how aftermarket companies have found partnering with PDM most beneficial. Johannes Crepon: The genesis of PDM Automotive was rooted in my own experiences and challenges as the founder of Velocity Automotive, an ecommerce company that sells parts for American cars throughout Europe. At Velocity, we faced difficulties connecting with suppliers, managing product data, and ensuring brand visibility. Recognizing these industry-wide issues, I started PDM Automotive to increase efficiency in the automotive aftermarket through seamless connectivity between suppliers and retailers. The PDM Automotive platform bridges the gap between auto parts suppliers, manufacturers, resellers and distributors. Manufacturers gain unprecedented transparency into where and how their brands are sold, enabling effective brand management and strategic decision-making. Resellers benefit from expedited access to up-to-date product data, reducing hurdles in acquiring and maintaining catalogs and allowing for agility in responding to market trends. At its core, PDM Automotive fosters connections and streamlines information flow across the automotive aftermarket. By providing a platform that enhances transparency for manufacturers and accessibility for resellers, we’re creating an ecosystem that elevates the entire industry. AMN: One of the hallmarks of PDM’s technology is allowing for a “seamless exchange of accurate and timely content across every facet of the automotive industry.” Tell us how PDM assists parts suppliers in keeping their product data up to date. How can the company help suppliers better adhere to ACES & PIES standards? Crepon: While ACES & PIES has become the most relevant data standard in the Americas, its implementation across the industry has not been without challenges. The standard itself, although comprehensive, does not fully address the intricacies of data exchange, with many resellers interpreting and implementing the standard differently, leading to a fragmented array of data requirements. Recognizing these challenges, our platform goes beyond merely supporting ACES & PIES standards; we enhance the standards with our proprietary connectors and algorithms, tailoring product data to meet the needs of every receiver. Suppliers can manage their data from a centralized platform, and we tailor this data to comply with the diverse interpretations and requirements of resellers across the industry. This process saves significant time and resources for suppliers and ensures that their product information is accurate, consistent, and easily accessible by resellers and end-users alike. Our technology “puts ACES & PIES on steroids,” ensuring suppliers’ data is always optimized for every channel, leading to a more efficient supply chain, increased product visibility, and a better customer experience. is a testament to our commitment to innovation and efficiency in the automotive aftermarket. Our ongoing development of proprietary connectors and algorithms signifies PDM’s dedication to continuous improvement. As the industry evolves, so do the standards and requirements for data exchange. PDM is at the forefront of these changes, ensuring our partners have the tools and support necessary to navigate the dynamic automotive aftermarket effectively. AMN: PDM allows brands to sell parts anywhere—from Amazon to national retailers and local parts suppliers. How is the company creating sales opportunities for brands while minimizing channel conflict? Crepon: Historically, brands struggled with over-distribution, diluting the brand image and causing inconsistent product presentation due to the lack of a cohesive strategy regarding distribution and authorized reselling partners. The rise of online marketplaces has further complicated this scenario, making it imperative for brands to actively manage how their products are represented across all channels. PDM addresses these challenges by offering a platform that guarantees high-quality listings on marketplaces like Amazon, eBay, and Walmart, while adhering to Minimum Advertised Price (MAP) policies. This strategic approach allows brands to protect their interests across all channels, including traditional channels, which are often jeopardized by price dumping on online marketplaces. By ensuring that products listed on these platforms are presented in a manner that reflects the brand’s standards and pricing policies, PDM helps maintain the integrity of the brand across the digital landscape. Additionally, our platform gives brands tools to actively manage their distribution, image, and product presentation, particularly important as consumer preference shifts towards online shopping. This allows brands to maintain control over their narrative and pricing. With PDM’s technology, brands can navigate the complexities of modern retail, ensuring that their products are distributed in a way that supports their overall sales strategy while protecting the channels most valuable to them. This holistic approach to channel management is vital in today’s market, where visibility across a multitude of platforms is not just an advantage but a necessity. AMN: The company uses AI to generate SEO titles, descriptions and marketing copy for products based on keywords and inputs in just seconds. In what other ways is PDM looking to use AI technology to make e-commerce easier for suppliers and distributors? Crepon: While our use of AI to generate SEO-optimized titles, descriptions, and marketing copy in mere seconds showcases our commitment to leveraging technology for efficiency, it’s just the tip of the iceberg regarding our AI applications. Our approach to AI technology is both strategic and discerning. Recognizing that AI’s strengths lie in its ability to process and optimize large sets of data quickly, we are mindful of its limitations, particularly when it comes to the precision required in our core data set—the richest automotive parts catalog in the industry. Accuracy is paramount, and while AI offers many opportunities, it is not inherently accurate. This understanding shapes how we integrate AI into our operations, ensuring that the reliability and accuracy of our core data are never compromised. One key area where we leverage AI is in the normalization of complex, non-structured data that has accumulated in the industry over the last century. This task, daunting for human teams due to the sheer volume and variability of the data, is where AI shines. Our engineering team utilizes AI algorithms to sift through and organize this data into a coherent, structured format. This normalization process improves the quality of our catalog and enhances the efficiency and accuracy of data management for our customers. Once we have perfected the data within the PDM catalog, we use AI to optimize it for specific channels. This optimization process involves adjusting product data to meet the unique requirements and standards of various e-commerce platforms, ensuring accurate presentations of our customers’ products, regardless of where they are sold. In doing this, we enable suppliers and distributors to maximize their online presence and sales potential across multiple channels. We’re exploring other ways to integrate AI into our solutions to further simplify and enhance e-commerce operations. These include predictive analytics for demand forecasting, AI-driven recommendations for inventory management and automated customer service solutions to improve buyer engagement and satisfaction. AMN: PDM was founded in 2017, and since it has grown exponentially. What does the company have in store for 2024? What can we expect from PDM in the next five years? Crepon: In 2024, we’re set to expand our reach and capabilities. Our recent investment in upgrading our system’s underlying infrastructure has positioned us to take full advantage of the opportunities that lie ahead. This strategic enhancement ensures our platform is scalable, resilient and capable of supporting our future ambitions. Our strategic priorities include developing more connectors, forging new partnerships, and expanding our catalog. Developing more connectors will broaden the scope of our network, making it easier for our customers to reach new markets and ensure accurate and up-to-date product information flows efficiently between manufacturers, suppliers, distributors, and retailers. We will add more partnerships; collaborating with other industry leaders and innovators is essential for driving collective progress and delivering comprehensive solutions to our clients. Another key focus is the ongoing expansion of our catalog. Our goal is to offer the industry’s most comprehensive and detailed automotive parts catalog, serving as the single source for all our clients’ data needs. This growing catalog, enriched with accurate and detailed product information, will empower our clients to make informed decisions and optimize their operations like before. Our vision for the next five years is to remain at the forefront of technology adoption in the industry, constantly exploring new ways to leverage technology to solve the unique challenges of our customers. Whether it’s through AI, machine learning, or other emerging technologies, our focus will be on providing solutions that make e-commerce easier, more efficient, and more profitable for suppliers and distributors. AMN: What do you want the automotive aftermarket to know about PDM Automotive? Crepon: PDM Automotive is not just about managing product data; it’s about increasing our customer’s market share in a $300 billion industry. While we are widely recognized for our Product Information Management (PIM) capabilities, our vision extends beyond managing rich catalog data; it includes a far-reaching ambition to connect every parts manufacturer with every buyer who needs or wants a part. Our vision to connect every parts manufacturer with every buyer drives every innovation and decision at PDM Automotive. We aim to streamline buying and selling auto parts by facilitating connections and creating a more integrated and cohesive industry ecosystem. We are constantly exploring new technologies, developing new solutions, and forging strategic partnerships to enhance our platform’s ability to connect manufacturers and buyers in the most effective and meaningful ways possible. We believe that achieving this goal will unlock the full potential of the aftermarket, creating opportunities for growth, innovation, and success for everyone. We invite you to join us on this journey, as we work to realize a future where every part finds its place effortlessly, benefiting manufacturers, buyers and the automotive community. Read more AMN Executive Interviews here. The post AI Technology Puts ACES and PIES on ‘Steroids’ appeared first on Counterman Magazine. View the full article

High Limit Racing returned to full-time competition over the weekend with two stops the Lone Star State, and Brad Sweet earned a pair of top-five finishes in a strong restart for the NAPA Auto Parts No. 49 team. With Friday night’s program at Texarkana 67 Speedway canceled due to rain, Sweet and the No. 49 team made their way directly to Texas Motor Speedway for Saturday night’s show. With 49 days since his last race, the Big Cat was determined to make a mark on the series and the season. Sweet set the pace right from the start. During qualifying, the NAPA driver claimed the top spot with a blistering, 13.735-second lap. As competition heated up, the five-time World of Outlaws champion continued to shine. Sweet finished third after starting fourth in his heat race and earned a ticket to the dash by being the fastest car in his heat. During the dash draw, Sweet drew fifth. He maintained his position over seven laps to line up fifth to start the feature. He again advanced during the evening’s feature race, crossing the line third for the final podium spot. On Sunday, the No. 49 team traveled to Crandall, Texas, for another evening of High Limit Racing at RPM Speedway. Sweet wasted no time, showing again in qualifying the speed of the NAPA machine. Posting a lightning-fast lap time of 12.245 seconds, the Big Cat went to the top of the speed chart. In his heat race, Sweet climbed from fourth to second, securing a spot in the dash. Starting in sixth place gave the team seven laps to perfect their setup for the main event. The NAPA driver advanced to fifth and locked in that spot for the start of the evening’s 30-lap main event. The NAPA No. 49 team put forth their best effort as Sweet navigated the Crandall race track. Maintaining his position throughout the race, Sweet crossed the finish line in fifth for his second top-five finish on the weekend. Start / Finish: Saturday, April 13, Texas Motor Speedway: 5 / 3 Sunday, April 14, RPM Speedway: 5 / 5 Points Standing / Total: 2nd / 386 pts. (-18) Next Race: Tuesday, April 16, Red Dirt Raceway, Meeker, OK How to Watch or Listen: FloRacing NAPA: @NAPARacing Brad Sweet: @BradSweetRacing Kasey Kahne Racing: @KKRdirt The post No. 49 Team Returns to High Limit Racing Action in Texas appeared first on NAPA Blog. View the full article

Women in Auto Care is introducing its revamped Connection Circle, Women of the World. The event will take place the first Wednesday of every month beginning in May. “Join Dunya and Ellonyia as they host this engaging connection circle to discuss ways in which women can strengthen their visibility and amplify their roles within the automotive industry! The goal of this connection circle is to break barriers and challenge global stereotypes,” the announcement on LinkedIn said. The goal is to unite women from every corner of the globe to inspire, support, and network. Together, we’ll amplify voices, break barriers, and forge meaningful connections, Women in Auto Care posted. The first event will take place on May 1at 12 p.m. CST. The post Women In Auto Care Introduces ‘Women of the World’ appeared first on Counterman Magazine. View the full article

Christian Eckes took the NASCAR CRAFTSMAN Truck Series points lead on Friday night with a stout fourth-place performance at Texas Motor Speedway. The driver of the No. 19 Gates Hydraulics Chevrolet Silverado RST captured his third top-five finish of the season and scored 50 points on the night, the second-most of all drivers in the field. Eckes led 31 laps, the only driver to have led laps in each race this season, and tallied his third top-five finish in the last four events. For the second-consecutive weekend, Eckes qualified on the front row and was a mainstay in the top five for the entire event. He settled into second at the drop of the green flag and challenged for the lead near the midway point of the opening stage. The first lead change of the night occurred when Eckes powered his Gates Hydraulics Chevy to the lead on lap 17 and paced the field for 21 circuits. He surrendered the lead on lap 38 and collected nine points at the end of Stage 1 on lap 40 while running second. Crew chief Charles Denike brought Eckes to pit road under the stage caution for four fresh tires, fuel, and a minor air pressure adjustment to tighten his balance. Eckes restarted second on lap 47 and maintained position inside the top five for the ensuing 35-lap run. An improved handling balance and consistent lap times netted Eckes another eight points at the end of Stage 2 on lap 80 by running in third position. Eckes was armed with another batch of fresh tires, fuel, and minor adjustments to fine-tune the handling during the second stage caution. After restarting third on lap 87, he waged war for the runner-up position and gained control of it by lap 100. He ran there until a cycle of green flag pit stops began on lap 119. Eckes made his final stop on lap 129 just before a caution waved. He was able to stay on the lead lap in fourth position and in contention for the victory. He made another fierce run for the race lead on a lap 150 and led until lap 158. During the final 10 laps, Eckes fought valiantly for one final charge at the lead but took the checkered flag in fourth position for his third top-five and sixth top-10 of the season. “Not a bad points night,” Eckes said. “I thought we’d have a pretty good shot at the win there, but just went down into Turns 1 and 2 and got way too tight and slid up the racetrack. It is what it is. I’m proud of the No. 19 Gates Hydraulics team for making the improvements that they did. Our mile-and-a-half stuff has definitely shown a little bit of an improvement. We still have a little bit of a ways to go, but we’ll see how it goes.” Start / Finish: 2 / 4 Points Standing / Total: 1 / 287 pts. (+2) Next Race: Saturday, May 4, Kansas Speedway How to Watch or Listen: 8:00 p.m. ET on FS1, MRN or SiriusXM NAPA: @NAPARacing Christian Eckes: @christianeckes Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR The post Eckes Takes Points Lead with Top-Five Performance in Texas appeared first on NAPA Blog. View the full article

In one of the closest Funny Car races in four-wide drag racing history, three-time world champion Ron Capps finished third in the NHRA Four-Wide Nationals final round Sunday afternoon at The Strip at Las Vegas Motor Speedway. Driving the NAPA Auto Care Toyota GR Supra, Capps laid down a weekend-best 3.902-second pass at 333.00 MPH to come up just thousandths of a second short in a four-wide photo finish. Capps and crew chief Dean ‘Guido’ Antonelli worked their way through qualifying, steadily improving in each session. After a pair of 4-second passes on Friday, Capps laid down a 3.988 E.T. at 324.67 MPH to step up in the third session on Saturday. A consistent but slightly quicker 3.980 E.T. in the final session put Capps in the No. 11 position going into Sunday eliminations. The first quad of Funny Car eliminations was a tricky one, but Capps came out on top. He and fellow Toyota driver J.R. Todd left first with identical .059 reaction times, then Capps held on to win with a 4.289 E.T. at 222.88 MPH over Todd, Dave Richards, and Daniel Wilkerson. Capps was first off of the starting line again in the second round, an advantage that helped him and his 3.932 E.T. finish ahead of Matt Hagan’s 3.938 E.T., Todd’s 3.951-second effort, and Jason Rupert’s 4.055 E.T. Appearing in his 148th career final round, Capps cut his best light of the day, .056, and charged to his best performance of the weekend to reach the finish line third behind winner Bob Tasca III and runner-up Austin Prock. Capps finished less than a thousandth of a second behind Prock and just nine thousandths behind Tasca. “What a drag race to watch as a fan,” said Capps, who’s won six times in Las Vegas. “I can’t tell you how ecstatic I am with our NAPA Auto Care team and what they’ve done with a brand-new car and a lot of the new parts that they’ve had to get used to. It usually takes teams a lot longer than this. I’m pretty bummed that we couldn’t win that round. I’m so happy we have our race car back, especially getting on a swing here where Guido is getting comfortable. I’m so happy about the car, but I’m so bummed at the same time. It’s going to take a little bit to digest.” No. 6-ranked Capps and the Ron Capps Motorsports Funny Car team will get another shot at four-wide glory in two weeks at the East Coast edition of the NHRA Four-Wide Nationals, April 26-28, at zMAX Dragway in Concord, N.C. Start / Finish: No. 11 / def. in Final Round Points Standing / Total: No. 6 / 242 pts. Next Race: April 26-28, Concord, N.C., NHRA Four-Wide Nationals How to Watch or Listen: FS1, NHRA.TV NAPA Racing:@NAPARacing Ron Capps: @RonCapps28 Ron Capps Motorsports: @TeamRonCapps The post Capps Finishes Third in Electrifying Four-Wide Nationals Final in Las Vegas appeared first on NAPA Blog. View the full article

Chase Elliott scored his first NASCAR Cup Series victory of the season on Sunday at Texas Motor Speedway, snapping a 42-race winless streak The win is Elliott’s 19th career Cup Series victory in his 295th start, his third at a 1.5-mile track and his first at Texas It was the Dawsonville, Georgia, native’s first victory with Hooters as the primary partner on the No. 9 Chevrolet Camaro ZL1 Elliott led three times for a total of 39 laps, including the final 17 circuits The 28-year-old driver now sits fourth in the Cup Series point standings, just 32 markers behind the leader Chase Elliott and the No. 9 Hooters team qualified 24th for Sunday’s NASCAR Cup Series race at Texas Motor Speedway. Once the green flag dropped, Elliott improved to 21st and remained there until the first round of green-flag pit stops got under way. As part of the team’s strategy to try to gain track position, Elliott ran long and eventually took over the lead. Crew chief Alan Gustafson was close to calling his driver to pit road, but the caution flag waved at an opportune time with Elliott still out front when the yellow flag waved on lap 50. Under the caution, Elliott brought the No. 9 Hooters Chevrolet Camaro ZL1 to pit road for four fresh tires and fuel. He restarted in the ninth position and advanced to seventh to end the first stage at lap 80. During the stage break, Elliott relayed that the Hooter’s Chevrolet was a little edgy late in the run and could use a little bit of security. After a fast stop for four tires and fuel, the Dawsonville, Georgia, native lined up seventh to start the second stage and was up to fifth when the race was slowed for a caution on lap 101. Gustafson called Elliott to pit road for right-side tires and fuel. The driver of the No. 9 was fifth to line up for the restart. He got shuffled back to 10th early in the run and was in that same spot when the caution came out on lap 114. Staying out, Elliott restarted ninth and remained inside the top 10. He came to pit road for four tires and fuel when the race fell under caution on lap 137. With varying pit strategies, Elliott restarted in 13th and drove to 10th to finish stage two at lap 165. Under the stage-ending caution, the team opted not to pit. Elliott took the green flag for the final stage from the fifth position on lap 172 and advanced to fourth before the caution came out for an incident the very next lap. Once again, Elliott stayed out on the track and was fourth for the restart on lap 177. He was in that same position at the time of the next caution on lap 181. After choosing not to pit, he was in fourth for the restart and moved into third on lap 185. A long green-flag run ensued, and Elliott pitted from the third position with just over 50 laps remaining in the race. He was scored in 15th when a caution came out on lap 230 before the field had cycled through pit stops. Once the teams that hadn’t pit yet made their stops under the yellow, Elliott moved up to third for the restart. The 28-year-old driver made a power move to the lead. He held point until the driver of the No. 11 worked his way by with 22 laps to go. An on-track incident brought out the yellow flag with just 13 laps remaining, giving Elliott another shot at the lead on the ensuing restart. Once the race was back under way with eight laps to go in regulation, Elliott was battling for the lead and was scored ahead when another caution flag came out. He led the field to the green flag with just two laps remaining, but an incident brought out the caution again and sent the race into overtime. Elliott held off the competition through multiple overtime restarts to earn his first victory of the season. It was his 19th career Cup Series victory and his first premier series win at Texas. With the win, Elliott and the No. 9 team moved up to fourth in the Cup Series points standings, just 32 markers behind the leader. “First off, thanks to everybody that came out today. You guys are unbelievable,” Elliott said following the win. “Hooters has been a partner of ours for a number of years now. It’s been a dream of mine to pay respect to the late Alan Kulwicki. Driving this car to a victory and do a Polish victory lap, just really crazy how things came full circle there in that moment. It was pretty emotional for me. He beat dad back in the day. Here we are sharing his sponsor and having an opportunity to win today. So just, man, couldn’t be more grateful for this journey and kind of the path that hasn’t always been fun, but certainly have enjoyed working with our guys. We’ve been working really hard and really well together. Like I said, hasn’t always been fun, but we’ve enjoyed the fight together. Couldn’t be more proud of our team. Thanks to our partners at NAPA, Chevrolet. Everybody at Hendrick Motorsports. Had a big week last week. Boss, thank you for sticking with me. Really, really proud of this. Appreciate all the folks back home that have stuck with me and helped us get back on track.” Start / Finish: 24 / 1 Points Standing / Total: 4th / 303 pts. (-32) Next Race: Sunday, April 21, Talladega Superspeedway How to Watch or Listen: 3:00 p.m. ET on FS1, PRN or SiriusXM NAPA: @NAPARacing Chase Elliott: @ChaseElliott Hendrick Motorsports: @TeamHendrick No. 9 Team: @Hendrick9Team The post Elliott Captures the Victory at Texas appeared first on NAPA Blog. View the full article

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