Jump to content

APF

Administrators
  • Content count

    91
  • Joined

  • Last visited

  • Days Won

    15

APF last won the day on January 17

APF had the most liked content!

Community Reputation

20 Excellent

2 Followers

  1. 4th quarter comparable store sales increase of 1.3%, full-year increase of 1.4% 36% increase in 4th quarter diluted EPS to $3.52, includes a $0.62 benefit from revaluation of deferred income tax liabilities Announces Executive Leadership Succession Plan Springfield, MO, February 7, 2018 – O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenues and earnings for its fourth quarter and full year ended December 31, 2017. The results represent 25 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993. 4th Quarter Financial Results Greg Henslee, O’Reilly’s CEO commented, “We generated comparable store sales of 1.3% for the fourth quarter, as we faced tough comparisons from a very favorable demand environment in the prior year, as well as calendar headwinds. As we discussed on our third quarter earnings call, December of 2016 was a very strong month, driven by extreme winter weather across the country. We also faced unfavorable calendar shifts in the fourth quarter of 2017, due to the timing of the Christmas holiday, which fell on a Monday in 2017 versus a Sunday in 2016, and one additional Sunday during the fourth quarter of 2017. Sunday represents our lowest volume day, and these combined calendar shifts resulted in a 70 basis point headwind to our fourth quarter 2017 comparable store sales results. Despite these challenges, Team O’Reilly’s hard work and dedication to providing unsurpassed levels of customer service drove our comparable store sales results above the mid-point of our guidance range, and I would like to thank all of our Team Members for their unwavering commitment to our long-term success.” Sales for the fourth quarter ended December 31, 2017, increased $92 million, or 4%, to $2.19 billion from $2.10 billion for the same period one year ago. Gross profit for the fourth quarter increased to $1.16 billion (or 52.9% of sales) from $1.11 billion (or 53.1% of sales) for the same period one year ago, representing an increase of 4%. Selling, general and administrative expenses (“SG&A”) for the fourth quarter increased to $756 million (or 34.5% of sales) from $707 million (or 33.7% of sales) for the same period one year ago, representing an increase of 7%. Operating income for the fourth quarter decreased to $403 million (or 18.4% of sales) from $408 million (or 19.4% of sales) for the same period one year ago, representing a decrease of 1%. Net income for the fourth quarter ended December 31, 2017, increased $56 million, or 23%, to $302 million (or 13.8% of sales) from $246 million (or 11.7% of sales) for the same period one year ago. Diluted earnings per common share for the fourth quarter increased 36% to $3.52 on 86 million shares versus $2.59 on 95 million shares for the same period one year ago. The U.S. Tax Cuts and Jobs Act, enacted in December 2017, significantly reduced the federal corporate income tax rate, and required the Company to revalue its deferred income tax liabilities based on the lower enacted federal corporate income tax rate. The Company’s Net Income for the fourth quarter ended December 31, 2017, includes a one-time $53 million benefit related to the revaluation of its deferred income tax liabilities, and the Company’s diluted earnings per common share of $3.52 for the fourth quarter ended December 31, 2017, also includes a one-time $0.62 benefit from the revaluation. The Company adopted a required new share-based compensation accounting standard during the first quarter of 2017, which requires excess tax benefits from share-based compensation payments to be recorded in the income statement. The Company’s diluted earnings per common share of $3.52 for the fourth quarter ended December 31, 2017, includes a $0.15 benefit from the adoption of the new accounting standard. Full press release: https://corporate.oreillyauto.com/corporate/GetUpload?id=orly_pdf_222.pdf
  2. The Mighty Auto Parts franchise brand has been named one of the top 50 franchises for 2018 by Franchise Business Review. Mighty Auto Parts is the franchise network of Mighty Distributing System of America Inc., which is based in Norcross, Ga. Franchise Business Review surveyed franchisees on 33 benchmark questions focusing on critical areas of their franchise systems. Topics ranged from training and support to operations, to franchisor/franchisee relations, and financial opportunity. Mighty was one of 307 franchise brands participating, representing over 28,000 franchise owners across North America, according to Mighty Distributing System. "There are thousands of successful franchise companies operating in North America, but many of those companies do not offer a solid investment opportunity for the actual franchise owners," says Eric Stites, CEO of Franchise Business Review. "As an independent research firm, we rate the franchise companies in the marketplace today and identify those that have the highest levels of satisfaction and performance among their franchisees in order to help entrepreneurs when choosing which franchise to invest in. The companies on this year's list are the top performing brands in the areas critical to their franchisees' success." Mighty Distributing System is a Georgia-based franchisor with a network of distributors that provide inventory management solutions and preventive maintenance products to automotive service providers, including tire dealers, quick lubes, independent shops, car dealerships, and fleets. The company says its continued franchise growth includes recruiting high-quality entrepreneurs as well as forming strategic partnerships with prominent automotive service companies. Mighty franchises provide owners a way to improve operational efficiency and diversify their current business portfolio. Ken Voelker, Mighty Distributing System's president and CEO, says, "As a full-service franchisor, Mighty provides its franchisees with a suite of products and services designed to help them be successful. Mighty's business model of licensing exclusive territories, providing leading-edge training, and helping franchisees monitor and improve financial performance has been a successful formula for over five decades. It is gratifying to see the research by Franchise Business Review validates our commitments to franchisee satisfaction and positive franchisor-franchisee relations." This is the 13th annual ranking of the top 200 award-winning franchise opportunities by Franchise Business Review, a franchise market research firm that performs independent surveys of franchisee satisfaction. Franchise Business Review publishes its rankings in its annual Guide to Today's Top Franchises. Mighty Distributing System supports 109 U.S. distributors in 44 states and four international markets. The company, which was established in 1963, deals directly and exclusively with automotive professionals. Posted on February 1, 2018 - http://www.moderntiredealer.com/news/728339/mighty-auto-parts-is-ranked-among-top-50-franchises-in-north-america
  3. The e-commerce automotive aftermarket is expected to cross $30 billion USD by 2025, according to a new research report by Global Market Insights Inc. The global e-commerce automotive aftermarket is expected to generate a demand of more than 1 billion units till 2025. Increasing age of vehicles across the globe, specifically in developed countries coupled with shifting consumer preference towards online purchase of auto components will primarily drive the industry growth over the forecast timeframe. Changing style preferences of consumers and increasing customizations in vehicles will further strengthen the industry penetration. Steering and suspension is anticipated to dominate the e-commerce automotive aftermarket share over the forecast timeframe. This can be credited to rising demand of components such as control arms, coil springs and bearings. Availability of numerous options at reasonable price and choice will positively impact the product demand. Spark plugs are expected to exhibit more than 21 percent CAGR till 2025 owing to recommendation of vehicle manufacturers for product replacement after every 30,000 miles. Increased accident rates along with cheaper product availability as compared to its counterparts will further propel the segment’s growth. Online platforms have gained prominence among the automotive aftermarket industry players to launch their auto-parts portfolio. The manufacturers are increasingly launching their products on online platforms through third party retailers, such as Amazon and eBay, or via their own online portals, positively impacting the industry growth. However, lack of efficient standardization for e-commerce businesses may lead to easy counterfeiting of products, posing a threat to the industry growth over the forecast timeframe. Rising production of electric and hybrid vehicles across the globe has resulted in increased complexity of the intricate parts. This has led to increased production of automotive aftermarket parts owing to proliferating DIFM customers. The e-commerce automotive aftermarket players are forced to expand their portfolio, to cater to the rising demand, inducing immense potential to the industry size till 2025. Third party retailers are likely to account for highest revenue share crossing $29 billion USD by 2025. Rising popularity of these retailers such as eBay and Amazon will primarily drive the industry growth. High revenue generation also can be attributed to the distinct services. Moreover, provision of benefits such as same day delivery will further strengthen the e-commerce automotive aftermarket penetration. Direct to customer will exhibit approximately 21 percent CAGR from 2018 to 2025. This can be attributed to high brand loyalty of the customers and provision of appropriate service facilities. The automotive aftermarket players such as Bosch are expanding their online platforms to enhance their visibility among the customers. B2C will account for maximum revenue share crossing $13 billion USD over the forecast timeline. Shifting preference of customers towards online purchase of these auto parts will primarily support the industry dominance. This can be attributed to the cost effectiveness of the online portals as compared to conventional stores. Fast query solving, and provision of technologically advanced products will further escalate the revenue generation. B to big B will exhibit more than 19 percent CAGR owing to provision of benefits such as fast delivery services. North America e-commerce automotive aftermarket size is anticipated to exhibit a CAGR of approximately 17 percent by 2025. Well-established internet infrastructure will pave stable growth prospects to the region’s growth. Presence of prominent e-commerce leaders such as Amazon will strengthen the industry growth over the coming years. Asia Pacific is likely to exhibit considerable share of more than $9 billion USD over the coming years. The substantial revenue generation can be attributed to growth in automobile industry along with rising internet penetration across the region. Napa Auto Parts, DENSO Corp., Amazon, eBay, Auto Zone and Advance Auto Parts are among the prominent participants in e-commerce automotive aftermarket. Partnerships and collaborations with online aftermarket players are among the strategies adopted by the industry players to enhance their visibility. For instance, in 2016, Hella Group collaborated with online auto-parts supplier, iParts.pl in order to expand its product line. Source: http://www.aftermarketnews.com/e-commerce-automotive-aftermarket-hit-30b-2025/ Report: https://www.gminsights.com/industry-analysis/e-commerce-automotive-aftermarket?utm_source=globenewswire.com&utm_medium=referral&utm_campaign=Paid_globenewswire
  4. Jan. 16, 2018—With the release of the "2017 Out-of-Cycle Review of Notorious Markets Report," the United States Trade Representative made the decision to relist Alibaba’s Taobao platform as a notorious market. The report, released on Friday, Jan. 12, identifies 43 online and physical markets around the world that engage in and facilitate substantial copyright piracy and trademark counterfeiting. Among other measures, USTR calls on Alibaba to consider banning widely-counterfeited products such as brake pads and other automotive parts not ordinarily sold on consumer-to-consumer marketplaces. Source: https://www.ratchetandwrench.com/articles/5672-ustr-relists-alibaba-as-counterfeit-market-for-auto-parts
  5. With much of the nation in the clutches of an extended blast of Arctic cold, vehicle batteries are top of mind for motorists – or at least they should be. Parts stores are reporting brisk battery sales, and auto clubs report that a dead or weak battery is the No. 1 reason for roadside service calls. Battery performance can take a 35-percent hit when temperatures hit freezing, and an even bigger hit when the temps go lower, according to CTEK, a Swedish manufacturer of battery chargers. While a battery’s capacity is reduced in freezing temperatures, the power needed to start the vehicle’s engine increases substantially – creating a perfect storm for batteries that aren’t in top shape. Here’s the good news: Proper battery maintenance can help motorists avoid problems in extreme cold weather. CTEK offers these tips to avoid being stranded in frigid winter weather: Check your battery. Perform a preventive maintenance check on the battery and cables. Look for corrosion on the terminals. Remove and clean the terminal connections if necessary. Be sensitive to changes. Be aware of any changes in the way your car starts, or the operation of the electrical system in general. Do the lights dim considerably when you try to start the car? Does the starter seem to be turning slower than normal? Any changes can indicate a weak battery or problems in the electrical system. CTEK offers a Bluetooth-enabled battery monitor that gathers data on battery voltage, battery temperature and battery charge status, the company notes. The stored data is available instantly on a free, downloadable iPhone or Android app. Charge your battery regularly. In addition to the stress that extreme hot and cold weather places on a battery, today’s vehicles require much more from the electrical system than in the past. Navigation systems, entertainment systems and the plethora of electronic control units drain power from the battery that the alternator cannot completely replace. And that drain continues even when the car isn’t running. “In addition to the stress from extreme weather, today’s automotive electrical system is designed to kill batteries,” said Bobbie DuMelle of CTEK. “It puts tremendous demands on the battery, and then does not properly restore it to its full capacity. That’s why CTEK advocates the regular use of a microprocessor-controlled smart charger to achieve maximum battery service life.” Regular use of smart chargers such as the new CTEK MXS 5.0 can help prevent dead batteries in cold weather, and can double or triple battery life, according to DuMelle. By following these steps, car owners can reduce the chances that they will be left out in the cold due to a dead battery when the temperatures drop. And, they also will help extend the service life of their vehicle’s battery. Source: http://www.counterman.com/battery-maintenance-tips-driving-freezing-winter-weather/
  6. Jan. 11, 2018—While last year was nothing to write home about for auto-parts retailers—considering highly regarded stocks such as O’Reilly Automotive's declined as much as 14 percent—analysis from the Associated Press suggests that parts stocks are likely to recover in 2018. The parts sector appears set for a comeback in the following year due to several factors. A combination of the Trump Administration’s tax bill, improving economic growth, improvement in the jobs market, and moderating growth in gas prices should lead to relative improvement in miles driven, the Associated Pressnoted. Another positive for the parts world: the average age of a car in the U.S. keeps increasing. Ultimately, the new year could very well improve investor sentiment toward the Advance Auto Parts and Genuine Parts Company’s of the automotive world. The long-term outlook remains positive for the sector, and impacts from online outlets like Amazon are likely overstated, the Associated Press wrote. Source: https://www.ratchetandwrench.com/articles/5655-analysis-auto-parts-stocks-should-recover-in-2018
  7. Canada's marquee proposal for this month's high-stakes round of NAFTA negotiations will involve modernizing auto-parts rules, say sources familiar with the plans, which hinge on making progress on a long-standing irritant in order to propel the troubled talks forward. "We have been doing some creative thinking," Foreign Affairs Minister Chrystia Freeland said Thursday prior to the start of a Liberal cabinet retreat in London, Ont. "We've been talking with Canadian stakeholders, and we have some ideas we're looking forward to talking with our U.S. and Mexican counterparts about.... If there's goodwill on all sides, we could have a great outcome in Montreal." That's where talks are scheduled to resume Jan. 23, and where multiple sources inside and close to the Canadian government -- speaking on condition of anonymity, given the sensitivity of the matter -- say autos will be a central component of that so-called creative thinking. Freeland and U.S. Commerce Secretary Wilbur Ross agreed during discussions this week that auto parts need to be a priority in Montreal, the sources say. Canada is hoping to win U.S. support for an idea that might achieve its key goal of ensuring American content in cars, while limiting disruptions to current supply chains. The idea is that the rules for calculating domestic content need a revamp, with research into new fuel sources, batteries, lightweight materials, cameras and wireless technology taking up an ever-larger share of a car's value. Canada will suggest that the traditional standards for calculating car parts is outdated, and leave out increasingly important intellectual-property contributions where the U.S. is a world leader. It's not yet clear whether Canada will make its pitch in a formal document or raise it in conversations, with the goal of updating the proposal with U.S. and Mexican input. The idea was already being discussed informally between the countries at a mini-round in December, one source said. Read more: https://kitchener.ctvnews.ca/auto-parts-to-be-focus-of-next-round-of-nafta-talks-1.3755673
  8. Standard Motor Products, Inc. (SMP) announces the addition of 324 new part numbers to its BWD engine management line, covering domestic and import vehicles. The release expands coverage through the 2017 model year by an additional 167 million VIO. To view the highlights, watch BWD’s New Part Spotlight Vol. 22 at www.YouTube.com/BWDBrand. BWD continues to expand its line of variable valve timing (VVT) components. With the addition of 7 VVT Sprockets and 1 VVT Solenoid, BWD’s VVT line now totals more than 300 parts. To learn more about BWD’s after-market leading VVT coverage, visit www.BWDVVT.com The brand also introduced 51 new exhaust gas temperature (EGT) sensors for both diesel and gas applications. Other notable additions include 26 fuel vapor canisters, 22 vehicle speed sensors and 100 additional sensors. All new applications are listed in the eCatalog found at www.BWDbrand.com and in electronic catalog providers. BWD manufactures and distributes a premium line of engine management products for the automotive aftermarket. BWD’s product line features an array of high technology critical components for ignition, emission, and fuel systems as well as growing categories such as diesel, turbochargers, TPMS, VVT, and new MAF sensors. Source: http://www.counterman.com/192986-2/
  9. Auto Value and Bumper to Bumper are gearing up with Standard Motor Products (SMP) for the Aftermarket Jackpot Jumpstart sweepstakes. A total of $70,000 will be given away to more than 100 winners during the months of January and February. Six lucky technicians will win a check for $10,000, and 100 other ancillary prize winners will receive a $100 gift card. During the two promotion months, professional technicians receive an entry with every eligible SMP purchase made through MyPlace4Parts, one of the industry’s leading e-commerce parts ordering systems. Eligible SMP brands include 4Seasons, Blue Streak, Hayden, Intermotor, Standard and TechSmart. But the winning does not end in February with the initial $70,000 that may be earned through MyPlace4Parts purchases. SMP also will be giving away another $10,000 in Las Vegas during the Auto Value and Bumper to Bumper Aftermarket Jackpot Convention, where more than 5,000 Auto Value and Bumper to Bumper automotive repair professionals will converge in Las Vegas in conjunction with the 2018 AAPEX and SEMA shows. Jackpot attendees will receive an entry for a chance to win one of 20 $500 gift cards when they visit SMP’s booth at the AAPEX show. Visit jackpotjumpstartsweepstakes.com for promotion details. Source: http://www.aftermarketnews.com/auto-value-bumper-bumper-announce-aftermarket-jackpot-jumpstart-sweepstakes/
  10. December 22, 2017 09:34 AM Eastern Standard Time SOUTHFIELD, Mich.--(BUSINESS WIRE)--Icahn Automotive Group LLC announced today that it has purchased 19 independently-owned service locations throughout the United States. Highlighted among these acquisitions are: Elliott Tire and Service, a 10-shop center in Washington State; S&S Service in Hamburg, NY; Jack’s Service Center in Miami, Florida; Blanchette’s Auto Center in Dracut, Massachusetts; Quality Automotive in Napa, California; Honest Auto Service in Seattle, Washington; two WS Haynes Tire & Service locations in Memphis, Tennessee; RL&F Auto Inc. in Morrisville, NC; and Plainfield Tire Center in Plainfield, Indiana. Icahn Automotive also announced the recent purchase of BS&F Auto Parts, a leading aftermarket auto parts distributor in the Bronx, NY. BS&F owner & CEO Joseph Ferrer became an integral part of the Icahn Automotive leadership group by assuming the role of Regional Vice President for Commercial Operations over eight locations in the Bronx, Brooklyn, and Queens. “We continue to aggressively expand our national automotive service network, strengthen our full-service capabilities and invest in our most important asset, our people. We are excited to welcome new team members to the Icahn Automotive family and provide them, like our 25,000+ existing team members, the opportunity to be part of a dynamic and successful company,” said Daniel A. Ninivaggi, CEO of Icahn Automotive Group. Icahn Automotive operates nearly 2,000 owned and franchised service locations in 49 states plus Puerto Rico, the District of Columbia, and Canada. About Icahn Automotive Group LLC Icahn Automotive Group LLC was formed by its parent, Icahn Enterprises L.P. (NASDAQ: IEP), to invest in and operate businesses involved in aftermarket parts distribution and service. Our businesses have a singular focus: provide premium automotive parts and services at a great value. The businesses of IEP and Icahn Automotive Group today consist of Pep Boys, an automotive aftermarket retail and service chain, Auto Plus®, an automotive aftermarket parts distributor, Just Brakes®, an automotive service chain, Precision Tune Auto Care, a network of owned and franchised automotive service centers, and American Driveline Systems, the franchisor of AAMCO and Cottman Transmission & Total Auto Care service centers. Icahn Enterprises L.P. also owns Federal-Mogul Motorparts, a leading global supplier of both original equipment and vehicle aftermarket products. Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands, including ANCO® wipers; Beck/Arnley® premium OE quality parts and fluids; Champion® lighting, spark plugs, wipers and filters, Fel-Pro® gaskets; MOOG® chassis components; and Abex®, Ferodo®, Jurid® and Wagner® brake products and lighting. Caution Concerning Forward-Looking Statements This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of similar meaning. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise. Contacts Icahn Automotive Group LLC Media Contact: Shana Ferguson, 215-430-9805 [email protected] or Mergers and Acquisitions Contact: Brian Kaner, 215-430-9071 [email protected]
  11. LKQ Corporation Announces Agreement to Acquire Stahlgruber GmbH December 11, 2017 Download this Press Release (PDF 36 KB) CHICAGO, Dec. 11, 2017 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) has signed a definitive agreement to acquire Stahlgruber GmbH (“Stahlgruber”) from Stahlgruber Otto Gruber AG for an enterprise value of approximately €1.5 billion. Headquartered in Germany, Stahlgruber is a leading European wholesale distributor of aftermarket spare parts for passenger cars, tools, capital equipment and accessories with operations in Germany, Austria, the Czech Republic, Italy, Slovenia, and Croatia with further sales to Switzerland. Stahlgruber’s facilities include 228 sales centers, six warehouses, and an approximately 128,000 square meter advanced logistics center that is strategically located in Germany, serving more than 100,000 professional clients and offering over 500,000 SKUs. LKQ expects to complete the transaction late in the first quarter or early in the second quarter of 2018, subject to required regulatory approvals. “This transformative acquisition solidifies LKQ as a leading Pan-European aftermarket mechanical parts distributor, and further enhances our global diversification strategy,” stated Dominick Zarcone, President and Chief Executive Officer of LKQ Corporation. “Stahlgruber has a history of delivering above-market growth and its stellar industry reputation is an ideal fit with our culture; we are extremely proud to welcome the approximately 6,600 Stahlgruber employees to the LKQ family. Importantly, we believe that our combined efforts will create tremendous long-term value for our customers and stockholders and growth opportunities for our collective team members.” John S. Quinn, Chief Executive Officer and Managing Director of LKQ Europe, commented: “Stahlgruber will create a contiguous footprint and serve as an additional strategic hub for our European operations, allowing for continued improvement in procurement, logistics and infrastructure optimization. The LKQ Europe management team and I look forward to working with Stahlgruber’s management team and leveraging our combined best practices to maximize the benefits of scale across the continent.” Heinz Reiner Reiff, Chief Executive Officer of Stahlgruber Otto Gruber AG, commented: “This combination is a natural fit for both LKQ and Stahlgruber. I am very excited about the meaningful benefits that will occur by combining our complementary cultures and industry leading management, which together position Stahlgruber to achieve the continued growth of its European businesses. Our acceptance of LKQ shares as part of the consideration emphasizes our belief in the value of this combination.” Stahlgruber’s 2017 annual revenue is estimated to be approximately €1.6 billion. LKQ expects the transaction to be accretive to its adjusted diluted earnings per share during the first year after the closing. These projected results exclude amortization of acquired intangibles, restructuring and acquisition related expenses. LKQ intends to finance the acquisition with the proceeds from planned debt offerings, borrowings under its existing revolving credit facility and the direct issuance to Stahlgruber’s owner of 8,055,569 newly issued shares of LKQ common stock. As of December 1, 2017, LKQ had approximately $1.4 billion of available borrowing capacity under its recently amended credit facility. Bank of America Merrill Lynch and Credit Suisse are acting as financial advisors, Baker McKenzie (Germany) is acting as M&A counsel, and K&L Gates (Chicago) is acting as U.S. securities counsel, to LKQ Corporation. Deutsche Bank is serving as the exclusive financial advisor, and Hengeler Mueller is providing legal counsel, to Stahlgruber’s owner. Non-GAAP Financial Measures Management’s presentation on the conference call will refer to non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included with management’s presentation are reconciliations of each non-GAAP financial measure with the most directly comparable financial measure calculated in accordance with GAAP. Conference Call Details LKQ will host a conference call and webcast on December 11, 2017 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) with members of senior management to discuss the pending acquisition of Stahlgruber. To access the investor conference call participants may dial (844) 579-6824 or for international access (763) 488-9145 and reference conference ID 9595099. Webcast and Presentation Details The audio webcast and accompanying slide presentation can be accessed at www.lkqcorp.com in the Investor Relations section. A replay of the conference call will be available by telephone at (404) 537-3406 or (855) 859-2056 for international calls. The telephone replay will require you to enter conference ID: 9595099#. An online replay of the audio webcast will be available on LKQ’s website. Both formats of replay will be available through December 29, 2017. Please allow approximately two hours after the live presentation before attempting to access the replay. About LKQ Corporation LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles. Forward Looking Statement Statements and information in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such Act. Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance, expectations, beliefs, hopes, intentions and strategies. These statements are subject to a number of risks, uncertainties, assumptions and other factors including those identified below. All forward-looking statements are based on information available to us at the time the statements are made. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. You should not place undue reliance on our forward-looking statements. Actual events or results may differ materially from those expressed or implied in the forward-looking statements. The risks, uncertainties, assumptions and other factors that could cause actual results to differ from the results predicted or implied by our forward-looking statements include, among others, the expected timetable for completing the transaction; the receipt of regulatory approvals for the transaction without unexpected delays or conditions; the failure to realize, or delays in realizing, growth projections, synergies and cost-savings from the transaction; competitive responses to the transaction; and other factors discussed in our filings with the SEC, including those disclosed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2016 and in our subsequent Quarterly Reports on Form 10-Q. These reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov. Joseph P. Boutross-LKQ Corporation Director, Investor Relations [email protected] (312) 621-2793 Source: LKQ Corporation
  12. DieHard® Celebrates Its 50th Anniversary With Product Launch On Amazon.com Assortment To Include Batteries, Jump Starters, Battery Chargers and Passenger Car Tires Dec 14, 2017 HOFFMAN ESTATES, Ill., Dec. 14, 2017 /PRNewswire/ -- The DieHard brand announced today that it is celebrating 50 years of trusted performance with the launch of DieHard products on Amazon.com. Starting today an assortment of DieHard jump starters, battery chargers and maintainers are available for purchase at www.amazon.com/diehard. Passenger car tires and automotive batteries will be added to Amazon.com in early 2018. "DieHard is America's most trusted and preferred automotive battery brand and the collaboration with Amazon makes it easier for millions to shop the brand," said Tom Park, President of Kenmore, Craftsman and DieHard brands at Sears Holdings. "As we have previously stated, we want to diversify the revenue streams of our iconic brands and launching on Amazon.com will significantly expand the distribution and availability of the DieHard brand in the U.S., building on the success of our recent Kenmore appliances launch on Amazon.com." DieHard products now available on Amazon.com: Jump starters and vehicle battery chargers and maintainers - A range of battery-related accessories are now available to help jump start and charge batteries. Jump starters: An assortment of portable power products meet the performance needs of batteries. These include the DieHard compact lithium jump starter + phone charger, which can top off a phone's charge and even jump start a 6-cylinder engine. Vehicle battery chargers and maintainers: A selection of compact shelf chargers and high-powered wheel chargers are available. These include the Wi-Fi enabled DieHard smart charger and maintainer, which allow users to check and charge their battery from a smart device, providing convenience and peace of mind. DieHard products coming soon to Amazon.com: Automotive batteries and tires DieHard Advanced Gold Absorbed Glass Mat (AGM) batteries – The non-spillable batteries are designed to provide greater maintenance-free reliability and performance during severe weather such as snow, extreme cold, sleet, rain and heat. The battery also is specifically designed to power today's vehicles, which draw more energy for start/stop ignitions and accessories, such as onboard DVD, navigation systems, and back-up cameras. Passenger tires - Finally, a tire that lives up to its name. DieHard Silver Touring All-Season tires are engineered with rugged quality and innovation, inside and out. Key features include: Nylon Belt Edge Layers, which increase steering response and cornering. Tension Control Technology, which optimizes ground contact and distributes pressure for better braking and less wear. Cross-Angle Sipes, which create biting edges for better traction in wet/wintry conditions. Tire Profile Optimization, which enhances performance by uniformly expanding the center and shoulder region of the contact area. Advanced Carbon Tread Compound, which promotes long, healthy tire life. 70,000-Mile Limited Warranty, which provides lasting customer satisfaction. DieHard has demonstrated its power as a brand in the past two years with the successful launch of the DieHard Silver Touring A/S passenger car tires. A national survey among automotive tire purchasers in late 2015 ranked DieHard among the top five leading tire brands, even though DieHard tires did not exist at the time. Within six months of launching in August 2016 at Sears Auto Centers, DieHard tires became one of the leading passenger tire brands at Sears. Other recent innovations from the DieHard brand include: Launch of the industry leading Wi-Fi smart battery maintainer that remotely provides vehicle battery health on a smart phone or tablet, giving users peace of mind. Launch of a compact lithium jump starter + smart phone charger. It is compact, yet powerful enough to jump start up to 20 vehicles on a single charge. The opening of three DieHard Auto Centers in San Antonio, Texas; Troy, Mich. and Roseville, Mich. They offer state-of-the-art technology and services in a contemporary, comfortable setting – that, combined with service from our experienced associates, can help today's drivers make the right choices for their vehicle's needs. About Sears Holdings Corporation Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members - wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com About the DieHard Brand Introduced in 1967, Sears designed the original DieHard automotive battery to produce 35 percent more usable starting power than other similar batteries. Featuring a revolutionary tough, thin-walled case of translucent polypropylene plastic, which was 50 percent thinner than conventional black rubber-type battery enclosures, the design's extra room meant bigger plates, more acid and extra starting power. During testing, not a single failure was reported in over 26,000 starts in temperatures ranging from sub-zero to more than 100 degrees, hence the name "DieHard." See more DieHard history and compelling "Battery Torture" video at www.DieHard.com. Forward-Looking Statements This press release contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Whenever used, words such as "will," "expect," and other terms of similar meaning are intended to identify such forward-looking statements. Forward-looking statements, including these, are based on the current beliefs and expectations of our management and are subject to significant risks, assumptions and uncertainties, many of which are beyond the Company's control, that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Detailed descriptions of risks, uncertainties and factors relating to Sears Holdings are discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While we believe that our forecasts and assumptions are reasonable, we caution that actual results may differ materially. We intend the forward-looking statements to speak only as of the time made and do not undertake to update or revise them as more information becomes available, except as required by law. Media Contact: Larry Costello Sears / DieHard (847) 286-9036 [email protected] SOURCE Sears Holdings Corporation
  13. Brake rotors may be replaced for a variety of reasons. One is that replacement is a must if the original rotors are worn out. Every rotor has a minimum thickness or discard specification cast or stamped somewhere on the center hat section of the rotor. When the brake pads are replaced, the rotors always should be measured with a micrometer to determine their thickness. If the rotors are worn too thin and are at or below the minimum or discard thickness (or they cannot be resurfaced without exceeding the limit), the rotors must be replaced. Worn-out rotors are dangerous for two reasons: Thin rotors cannot absorb and dissipate heat as well as new rotors, which increases the risk of the pads getting too hot and fading with prolonged or heavy braking. Also, thin rotors are more likely to crack and break apart, which would cause brake failure. Another condition that usually calls for rotor replacement is when the rotors are “warped” and are causing a vibration or pulsation when the brakes are applied. Warped is actually a misnomer, because the rotors are not distorted but are worn unevenly. When there is more than a couple thousandths variation in rotor thickness, it pushes the pads in and out when the brakes are applied. The force is transmitted back through the caliper pistons, brake lines and master cylinder all the way to the brake pedal, creating a vibration or pulsation that can be felt by the driver. The greater the variation in rotor thickness, the stronger the vibration or pulsation. It’s a really annoying condition, though not necessarily an unsafe one. It may be mistaken by the vehicle owner for a problem with their antilock brake system, which also can produce pedal pulsation or vibrations when the ABS system kicks into play. Uneven rotor wear and thickness variations can be caused by severe rotor overheating (a dragging brake pad or stuck caliper), by distortion in the rotor caused by uneven torque or over-tightening the lug nuts, or even metallurgical defects in the rotor casting itself. High spots on the rotor will often be discolored with a dark bluish tint. Resurfacing the rotor can restore flat parallel surfaces, but often the hard spots that are caused by overheating or uneven wear extend into the metal surface. Over time, this will cause uneven wear again and the pedal pulsation or vibration to return. Replacing the rotors with new ones eliminates any such worries. Rotors also must be replaced if they are cracked, damaged or severely corroded. The danger is rotor failure due to the cracks or severe corrosion. Some minor heat cracking on the surface may be acceptable, but heavy or deep cracking is not. Another reason to replace rotors is to upgrade braking performance and/or the appearance of the vehicle. Drilled or slotted rotors do add a performance look to any brake system, and they also can provide improved cooling for the rotors and venting for the pads. The holes and/or slots provide an escape path for hot gases that can form between the pads and rotor when the brakes are working hard. Holes and slots or wavy grooves in the rotor face also create turbulence, which improves airflow and cooling. Some vehicles come factory-equipped with “composite” rotors that have a thin stamped steel center hat section mated with a cast rotor body to save weight. This type of rotor tends to be more sensitive to uneven wear and distortion than one-piece cast rotors. Composite rotors also are more costly to replace, so one-piece aftermarket cast rotors are a replacement option. However, if replacing composite rotors with one-piece castings, both rotors (right and left) should be replaced at the same time to maintain even braking and alignment side-to-side. On some vehicles, replacing a composite rotor with a thicker cast rotor also may alter wheel geometry slightly, creating increased toe-out and tire wear when turning. Source: http://www.counterman.com/replace-brake-rotors/
×

Copyright © 2017 AutoPartsForum.com Powered by Invision Community