Jump to content

  • Welcome to Auto Parts Forum

    Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, X, and LinkedIn. 

     

Advance Auto Parts Reports First Quarter 2023 Results


Recommended Posts

Q1 Net Sales Increased 1.3% to $3.4 Billion; Comparable Store Sales Decreased 0.4%

Operating Income of $90.0 Million; Operating Income Margin of 2.6%

RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 22, 2023.

Tom Greco, president and chief executive officer, said, “I want to thank our Advance team members and independent partners for their continued hard work and focus on serving our customers. While we anticipated the first quarter would be challenging, our results were below our expectations. Net sales grew 1.3% in the quarter. Our operating margin rate of 2.6% in the quarter was well below expectations due to higher than planned investments to narrow competitive price gaps in the professional sales channel as well as unfavorable product mix.”

Mr. Greco continued, “We remain focused on improving inventory availability while sustaining competitive price targets to improve topline sales. We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations. We have reduced our full-year guidance and our board of directors made the difficult decision to reduce our quarterly dividend. In addition, in connection with my pending retirement, our board’s independent chair, Gene Lee, has assumed an expanded role as interim executive chair. Gene will be providing additional operational oversight and support to our management team to enable a seamless CEO transition. He has helped me immensely during my time as CEO and I look forward to working with him to improve the trajectory of our business in the months ahead.”

First Quarter 2023 Results ( 1)

First quarter of 2023 Net sales totaled $3.4 billion, a 1.3% increase compared with the first quarter of the prior year, primarily driven by new store openings. This was partially offset by a decline of comparable store sales of 0.4%.

Gross profit decreased 2.4% to $1.5 billion. Gross profit margin of 43.0% of Net sales decreased 162 basis points compared with the first quarter of the prior year. This was primarily driven by inflationary product costs that were not fully covered by pricing actions. In addition, unfavorable product mix and supply chain headwinds also contributed to gross margin deleverage in the quarter.

SG&A expenses were $1.4 billion, which was 40.4% of Net sales compared with 38.6% in the first quarter of 2022. This was primarily driven by inflation in labor and benefit-related expenses as well as costs associated with new store openings. This was partially offset by a decrease in startup costs related to the company's California expansion.

The company's Operating income was $90.0 million or 2.6% of Net sales, compared with 6.0% in the first quarter of 2022.

The company's effective tax rate was 28.4%, compared with 23.7% in the first quarter of 2022. The higher effective income tax rate reflects the impact associated with share based compensation. The company's Diluted EPS was $0.72, compared with $2.26 in the first quarter of 2022.

Net cash used in operating activities was $378.9 million through the first quarter of 2023 versus $54.9 million used in operating activities in the same period of the prior year. The increase was primarily driven by lower Net income and an increase in cash used in working capital, primarily in accounts payable. Free cash flow through the first quarter of 2023 was an outflow of $468.9 million compared with an outflow of $169.8 million in the same period of the prior year.

_______________________
(1) All comparisons are based on the same time period in the prior year. Comparable store sales include locations open for 13 complete accounting periods and excludes sales to independently owned Carquest locations.

Capital Allocation

On May 30, 2023, the company declared a cash dividend of $0.25 per share to be paid on July 28, 2023 to all common stockholders of record as of July 14, 2023.

Full Year 2023 Guidance

Jeff Shepherd, executive vice president and chief financial officer, commented, “Given the shortfall experienced this quarter, along with our revised outlook for the balance of the year, we are reducing our full-year 2023 guidance. In addition, our board of directors made the decision to reduce our quarterly cash dividend to provide enhanced financial flexibility. We are committed to improving our operational performance and driving increased profitability."

 

Prior FY 2023 Outlook

 

Updated FY 2023 Outlook

 

As of February 28, 2023

 

As of May 31, 2023

($ in millions, except per share data)

Low

 

High

 

Low

 

High

Net sales

$

11,400

 

 

$

11,600

 

 

$

11,200

 

 

$

11,300

 

Comparable store sales (1)

 

1.0

%

 

 

3.0

%

 

 

(1.0

)%

 

 

0.0

%

Operating income margin

 

7.8

%

 

 

8.2

%

 

 

5.0

%

 

 

5.3

%

Income tax rate

 

24.0

%

 

 

25.0

%

 

 

24.0

%

 

 

25.0

%

Diluted EPS

$

10.20

 

 

$

11.20

 

 

$

6.00

 

 

$

6.50

 

Capital expenditures

$

300

 

 

$

350

 

 

$

250

 

 

$

300

 

Free cash flow (2)

Minimum $400

 

$

200

 

 

$

300

 

New store and branch openings

 

60

 

 

 

80

 

 

 

40

 

 

 

60

 

(1)

 

Comparable store sales include locations open for 13 complete accounting periods and excludes sales to independently owned Carquest locations.

(2)

 

Free cash flow is a non-GAAP measure. For a better understanding of the company's non-GAAP adjustments, refer to the reconciliation of non-GAAP financial measures in the accompanying financial tables included herein.

Investor Conference Call

The company will detail its results for the first quarter ended April 22, 2023 via a webcast scheduled to begin at 8 a.m. Eastern Time on Wednesday, May 31, 2023. The webcast will be accessible via the Investor Relations page of the company's website (

link hidden, please login to view
).

To join by phone, please 

link hidden, please login to view
 for dial-in and passcode information. Upon registering, participants will receive a confirmation with call details and a registrant ID. While registration is open through the live call, the company suggests registering a day in advance or at minimum 10 minutes before the start of the call. A replay of the conference call will be available on the company's Investor Relations website for one year.

About Advance Auto Parts

Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of April 22, 2023 Advance operated 4,778 stores and 318 Worldpac branches primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,315 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at 

link hidden, please login to view
.

Forward-Looking Statements

Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about our strategic initiatives, operational plans and objectives, expectations for economic conditions and recovery and future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect our views based on historical results, current information and assumptions related to future developments. Except as may be required by law, we undertake no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, factors related to the company’s leadership transition, the timing and implementation of strategic initiatives, including with respect to labor shortages or disruptions and the impact on our ability to complete store openings, deterioration of general macroeconomic conditions, the highly competitive nature of our industry, demand for our products and services, complexities in our inventory and supply chain and challenges with transforming and growing our business. Please refer to “

link hidden, please login to view
” of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by our subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.

Advance Auto Parts, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands) (unaudited)

 

 

April 22, 2023(1)

 

December 31, 2022(2)

Assets

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

226,499

 

$

269,282

Receivables, net

 

782,093

 

 

698,613

Inventories, net

 

5,015,973

 

 

4,915,262

Other current assets

 

177,127

 

 

163,695

Total current assets

 

6,201,692

 

 

6,046,852

Property and equipment, net

 

1,694,337

 

 

1,690,139

Operating lease right-of-use assets

 

2,628,899

 

 

2,607,690

Goodwill

 

990,573

 

 

990,471

Other intangible assets, net

 

612,104

 

 

620,901

Other assets

 

54,633

 

 

62,429

Total assets

$

12,182,238

 

$

12,018,482

Liabilities and Stockholders' Equity

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

3,682,749

 

$

4,123,462

Accrued expenses

 

718,290

 

 

634,447

Current portion of long-term debt

 

116,000

 

 

185,000

Other current liabilities

 

466,416

 

 

427,480

Total current liabilities

 

4,983,455

 

 

5,370,389

Long-term debt

 

1,784,596

 

 

1,188,283

Noncurrent operating lease liabilities

 

2,269,280

 

 

2,278,318

Deferred income taxes

 

422,984

 

 

415,997

Other long-term liabilities

 

85,762

 

 

87,214

Total stockholders' equity

 

2,636,161

 

 

2,678,281

Total liabilities and stockholders’ equity

$

12,182,238

 

$

12,018,482

(1)  

This preliminary condensed consolidated balance sheet has been prepared on a basis consistent with the company's previously prepared consolidated balance sheets filed with the Securities and Exchange Commission (“SEC”), but does not include the footnotes required by accounting principles generally accepted in the United States of America (“GAAP”).

(2)  

The balance sheet at December 31, 2022 has been derived from the audited consolidated financial statements at that date, but does not include the footnotes required by GAAP.

Advance Auto Parts, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except per share data) (unaudited)

 

 

Sixteen Weeks Ended

 

April 22, 2023(1)

 

April 23, 2022(1)

Net sales

$

3,417,594

 

 

$

3,374,210

 

Cost of sales, including purchasing and warehousing costs

 

1,946,931

 

 

 

1,867,690

 

Gross profit

 

1,470,663

 

 

 

1,506,520

 

Selling, general and administrative expenses (2)

 

1,380,664

 

 

 

1,303,250

 

Operating income

 

89,999

 

 

 

203,270

 

Other, net:

 

 

 

Interest expense

 

(29,718

)

 

 

(12,868

)

Loss on early redemptions of senior unsecured notes

 

 

 

 

(7,408

)

Other (expense) income, net

 

(674

)

 

 

136

 

Total other, net

 

(30,392

)

 

 

(20,140

)

Income before provision for income taxes

 

59,607

 

 

 

183,130

 

Provision for income taxes

 

16,956

 

 

 

43,339

 

Net income

$

42,651

 

 

$

139,791

 

 

 

 

 

Basic earnings per common share

$

0.72

 

 

$

2.28

 

Weighted-average common shares outstanding

 

59,334

 

 

 

61,261

 

 

 

 

 

Diluted earnings per common share

$

0.72

 

 

$

2.26

 

Weighted-average common shares outstanding

 

59,544

 

 

 

61,732

 

(1)  

These preliminary condensed consolidated statements of operations have been prepared on a basis consistent with the company's previously prepared consolidated statements of operations filed with the SEC, but do not include the footnotes required by GAAP.

(2)  

The sixteen weeks ended April 22, 2023 included an out-of-period charge of approximately $17 million related to costs incurred in prior years but not expensed in the corresponding periods. The company determined the cumulative impact was not material to the current period or any previously issued financial statements.

Advance Auto Parts, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In thousands) (unaudited)

 

 

 

 

 

Sixteen Weeks Ended

 

April 22, 2023(1)

 

April 23, 2022(1)

Cash flows from operating activities:

 

 

 

Net income

$

42,651

 

 

$

139,791

 

Adjustments to reconcile net income to net cash used in operating activities:

 

 

 

Depreciation and amortization

 

92,554

 

 

 

85,581

 

Share-based compensation

 

16,524

 

 

 

16,978

 

Loss on property and equipment, net

 

90

 

 

 

1,237

 

Loss on early redemptions of senior unsecured notes

 

 

 

 

7,408

 

Provision for deferred income taxes

 

6,899

 

 

 

9,681

 

Other, net

 

391

 

 

 

1,020

 

Net change in:

 

 

 

Receivables, net

 

(83,370

)

 

 

(174,895

)

Inventories, net

 

(100,178

)

 

 

(119,550

)

Accounts payable

 

(440,995

)

 

 

20,225

 

Accrued expenses

 

85,035

 

 

 

(98,978

)

Other assets and liabilities, net

 

1,534

 

 

 

56,562

 

Net cash used in operating activities

 

(378,865

)

 

 

(54,940

)

Cash flows from investing activities:

 

 

 

Purchases of property and equipment

 

(89,996

)

 

 

(114,854

)

Proceeds from sales of property and equipment

 

325

 

 

 

828

 

Net cash used in investing activities

 

(89,671

)

 

 

(114,026

)

Cash flows from financing activities:

 

 

 

Borrowings under credit facilities

 

2,886,000

 

 

 

275,000

 

Payments on credit facilities

 

(2,955,000

)

 

 

(275,000

)

Borrowings on senior unsecured notes

 

599,571

 

 

 

348,618

 

Payments on senior unsecured notes

 

 

 

 

(201,081

)

Dividends paid

 

(89,487

)

 

 

(154,796

)

Repurchases of common stock

 

(12,605

)

 

 

(264,469

)

Other, net

 

(2,819

)

 

 

(2,007

)

Net cash provided by (used in) financing activities

 

425,660

 

 

 

(273,735

)

Effect of exchange rate changes on cash

 

93

 

 

 

(19,994

)

Net decrease in cash and cash equivalents

 

(42,783

)

 

 

(462,695

)

Cash and cash equivalents, beginning of period

 

269,282

 

 

 

601,428

 

Cash and cash equivalents, end of period

$

226,499

 

 

$

138,733

 

(1)  

These preliminary condensed consolidated statements of cash flows have been prepared on a consistent basis with the company's previously prepared statements of cash flows filed with the SEC, but do not include the footnotes required by GAAP.

Reconciliation of Non-GAAP Financial Measure

The company's financial results include certain financial measures not derived in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management uses Free cash flow as a measure of its liquidity and believes it is a useful indicator to investors or potential investors of the company's ability to implement growth strategies and service debt. Free cash flow is a non-GAAP measure and should be considered in addition to, but not as a substitute for, information contained in the company's condensed consolidated statement of cash flows as a measure of liquidity.

Reconciliation of Free Cash Flow:

 

 

 

 

Sixteen Weeks Ended

(in thousands)

April 22, 2023

 

April 23, 2022

Cash flows used in operating activities

$

(378,865

)

 

$

(54,940

)

Purchases of property and equipment

 

(89,996

)

 

 

(114,854

)

Free cash flow

$

(468,861

)

 

$

(169,794

)

Adjusted Debt to EBITDAR: (1)

 

 

 

 

Four Quarters Ended

(In thousands, except adjusted debt to EBITDAR ratio)

April 22, 2023

 

December 31, 2022

Total GAAP debt

$

1,900,596

 

$

1,373,283

Add: Operating lease liabilities

 

2,726,880

 

 

2,692,861

Adjusted debt

$

4,627,476

 

$

4,066,144

 

 

 

 

GAAP Net income

$

404,732

 

$

501,872

Depreciation and amortization

 

291,032

 

 

283,800

Provision for income taxes

 

120,432

 

 

146,815

Interest expense

 

67,910

 

 

51,060

Share-based compensation

 

50,524

 

 

50,978

Other expense, net

 

7,806

 

 

6,996

Rent expense

 

595,208

 

 

594,838

EBITDAR

$

1,537,644

 

$

1,636,359

 

 

 

 

Adjusted Debt to EBITDAR

 

3.0

 

 

2.5

(1)

 

Beginning in first quarter 2023, the company no longer excludes transformation-related activities in non-GAAP measures. Prior period has been recast to conform to current year presentation.

NOTE: Management believes its Adjusted Debt to EBITDAR ratio (“leverage ratio”) is a key financial metric for debt securities, as reviewed by rating agencies, and believes its debt levels are best analyzed using this measure. The company’s goal is to maintain an investment grade rating. The company's credit rating directly impacts the interest rates on borrowings under its existing credit facility and could impact the company's ability to obtain additional funding. If the company was unable to maintain its investment grade rating this could negatively impact future performance and limit growth opportunities. Similar measures are utilized in the calculation of the financial covenants and ratios contained in the company's financing arrangements. The leverage ratio calculated by the company is a non-GAAP measure and should not be considered a substitute for debt to net earnings, net earnings or debt as determined in accordance with GAAP. The company adjusts the calculation to remove rent expense and to add back the company’s existing operating lease liabilities related to their right-of-use assets to provide a more meaningful comparison with the company’s peers and to account for differences in debt structures and leasing arrangements. The company’s calculation of its leverage ratio might not be calculated in the same manner as, and thus might not be comparable to, similarly titled measures by other companies.

Store Information

During the sixteen weeks ended April 22, 2023, 21 stores and branches were opened and 11 were closed or consolidated, resulting in a total of 5,096 stores and branches as of April 22, 2023, compared with a total of 5,086 stores and branches as of December 31, 2022.

The below table summarizes the changes in the number of company-operated store and branch locations during the sixteen weeks ended April 22, 2023:

 

 

AAP

 

CARQUEST

 

WORLDPAC (1)

 

Total

December 31, 2022

 

4,440

 

 

330

 

 

316

 

5,086

 

New

 

19

 

 

 

 

2

 

21

 

Closed

 

(3

)

 

(8

)

 

 

(11

)

Consolidated

 

 

 

 

 

 

 

Converted

 

 

 

 

 

 

 

Relocated

 

 

 

 

 

 

 

April 22, 2023

 

4,456

 

 

322

 

 

318

 

5,096

 

(1)

 

Certain converted Autopart International ("AI") locations will remain branded as AI going forward.

 

CT?id=bwnews&sty=20230530005726r1&sid=ac

link hidden, please login to view
: 
link hidden, please login to view

Investor Relations Contact:
Elisabeth Eisleben
T: (919) 227-5466
E: [email protected]

Media Contact:
Darryl Carr
T: (984) 389-7207
E: [email protected]

Source: Advance Auto Parts, Inc.

link hidden, please login to view

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Topics

    • By NAPA
      ATLANTA, April 18, 2024 /
      link hidden, please login to view/ -- 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.

      link hidden, please login to view
    • By Counterman
      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.

      link hidden, please login to view will take place on May 1at 12 p.m. CST. The post
      link hidden, please login to view appeared first on link hidden, please login to view.
      link hidden, please login to view
    • By Rade
      Hello, does anyone know name of company who put that sticker on goods?
      Via that company can order every part from OE for Vw Audi Skoda Seat Bmw Mercedes Porsche Land Rover and same..
       

    • By OReilly Auto Parts
      SPRINGFIELD, Mo., April 01, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its first quarter 2024 results as Wednesday, April 24, 2024, with a conference call to follow on Thursday, April 25, 2024.
      The Company’s first quarter 2024 results will be released after 3:30 p.m. Central Time on Wednesday, April 24, 2024, and can be viewed, at that time, on the Company’s website at  link hidden, please login to view by clicking on “Investor Relations” and then “News Room.”
      Investors are invited to listen to the Company’s conference call discussing the financial results for the first quarter of 2024, on Thursday, April 25, 2024, at 10:00 a.m. Central Time, via webcast on the Company’s website at  link hidden, please login to view 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 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  link hidden, please login to view 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 December 31, 2023, the Company operated 6,157 stores across 48 U.S. states, Puerto Rico, and Mexico.
       
      link hidden, please login to view
    • A-premium Auto Parts:5% OFF with Code GM5.
    • By NAPA
      ATLANTA, March 28, 2024 /
      link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, plans to release first quarter financial results on April 18, 2024. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the  link hidden, please login to view. The call is also available by dialing 1-800-836-8184. A replay of the call will be available on the company's website or toll-free at 1-888-660-6345, ID 28852#, two hours after completion of the conference call. About Genuine Parts Company
      Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at 
      link hidden, please login to view. SOURCE Genuine Parts Company
      For further information: Investor contact, Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media contact, Heather Ross, (678) 934-5220, Vice President - Strategic Communications
      link hidden, please login to view

×
  • Create New...