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Genuine Parts Company Reports 2017 Sales And Earnings For The Fourth Quarter And Full Year


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    • By Counterman
      Standard Motor Products (SMP) announced that it is the recipient of Waytek’s 2021 Product of the Year Award for SMP’s Trombetta CAN bus power splitters and control modules.
      Each year, Waytek presents the Product of the Year Award to recognize the supplier that has distinguished itself by introducing an innovative product that delivers outstanding value. The award also recognizes the chosen supplier’s strong commitment to excellence and collaboration with Waytek.
      The Trombetta CAN bus power splitter and control modules series was selected to win the award due to its high quality, utility and quick acceptance by Waytek customers. The series enables the breaking out of CAN signals using one connector, reducing the number of required plugs, wires and harnesses.
      “Trombetta’s CAN bus power splitters and control modules are an innovative solution quickly embraced by our customers seeking an affordable, compact product for connecting multiple devices to a J1939 CAN bus network,” Waytek Chief Customer Officer Kevin Pung said. “We are privileged to work with a supplier like Trombetta who is committed to maintaining a strong relationship with us and providing valuable solutions to our customers.”
      “We are so proud to have been awarded Waytek’s New Product of the Year Award,” added Mike Hassinger, Trombetta’s director of sales and marketing. “The introduction of our new splitter products has been an exciting venture, and we strongly believe these products will emerge as the industry standard. We’d like to thank Waytek for this tremendous honor and look to a strong continued partnership in the future.”
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    • DIY like a pro! Shop from over 1,000,000 Repair Manuals at eManualOnline.com! As low as $14.99 per manual. Shop now.


      DIY like a pro! Shop from over 1,000,000 Repair Manuals at eManualOnline.com! As low as $14.99 per manual. Shop now.


      DIY like a pro! Shop from over 1,000,000 Repair Manuals at eManualOnline.com! As low as $14.99 per manual. Shop now.

    • By Counterman
      O’Reilly Automotive reported second-quarter sales of $3.67 billion, up 6% from second-quarter 2021.
      Comparable-store sales increased 4.3%, while net income was down 1% to $577 million. Comparable-store sales are up 30.4% on a “three-year stack,” which blends comparable-sales growth from the past three years.
      “After experiencing volatility in our sales results in the first quarter, the trends in our business improved and were steady throughout the second quarter,” Johnson said in a news release. “We continue to be very pleased with the strong growth in our professional business, which performed in line with our expectations for the second quarter, while our DIY business faced more pronounced pressure from the impact of high fuel prices and continued significant broad-based inflation.
      “Even facing these macroeconomic challenges, we are pleased with the strong sales volumes our team is generating in 2022, against comparisons to record comparable-store sales results the last two years. We are extremely proud of Team O’Reilly’s ability to deliver continued growth on top of the strongest years in our company’s history, and I am grateful for the unrelenting focus each of our team members places on taking care of our customers.”
      Regarding its outlook for 2022, O’Reilly lowered its sales guidance. O’Reilly now expects full-year revenue between $14 billion and $14.3 billion, down from its previous guidance of revenue between $14.2 billion and $14.5 billion. The company now expects full-year comparable sales to grow between 3% and 5%, down from its previous guidance of 5% to 7%.
      “The pressure on our DIY customers from heightened inflation and fuel prices has impacted our year-to-date performance, and we have factored the current environment into our expectations for the second half of the year,” Johnson said. “ … Despite these pressures, we remain confident in the strength of the core underlying demand drivers of our business. We are pleased with our start to the third quarter in July and are extremely confident in our team’s ability to execute our business model and provide the excellent customer service that drives our success as we finish out 2022.”
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