-
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.
Making your own gaskets? Get a hollow punch set for pro results
-
Similar Topics
-
By GreenGears Auto Limited
Are you looking for affordable and eco-friendly solutions for your car repairs? Look no further than Green Gears Auto Limited! We are a leading provider of high-quality used car parts, specializing in components for electric vehicles (EVs), hybrids, and other environmentally conscious vehicles.
Why Choose Green Gears Auto?
Extensive Inventory: We have a wide selection of OEM (Original Equipment Manufacturer) used parts, including hard-to-find components. Quality Assurance: All our parts are thoroughly inspected and come with a warranty for your peace of mind. Environmentally Friendly: By choosing used parts, you're helping to reduce waste and conserve resources. Affordable Prices: Save money on your car repairs without sacrificing quality. Expert Support: Our knowledgeable team is always ready to assist you in finding the right parts for your vehicle. Our Commitment to Sustainability:
At Green Gears Auto, we believe in a greener future for the automotive industry. We're committed to promoting sustainable practices by:
Reducing Waste: We extend the life cycle of automotive components, preventing them from ending up in landfills. Conserving Resources: Reusing parts reduces the need to manufacture new ones, saving energy and raw materials. Supporting Eco-Friendly Vehicles: We specialize in parts for EVs and hybrids, helping to accelerate the transition to a cleaner transportation system. Join Our Community:
We invite you to visit our website,
link hidden, please login to view, to explore our extensive inventory and learn more about our commitment to sustainability. You can also join our online forum to connect with other eco-conscious car enthusiasts and get expert advice on repairs and maintenance. Call to Action:
Browse our Inventory: Find the parts you need today and start saving money and the planet. Contact Us: Have a question? Our friendly team is here to help. Together, let's build a greener future for the automotive industry!
-
By Advance Auto Parts
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 second quarter ended July 13, 2024.
“Our team delivered positive comparable sales growth while navigating a challenging demand environment during the second quarter. I would like to thank the team for their hard work and dedication to serving our customers,” said Shane O’Kelly, president and chief executive officer. “We continue to make progress on our decisive actions with an increased focus on the Advance blended box. This morning, we announced the sale of Worldpac for $1.5 billion. This transaction is a critical milestone in our turnaround as it enables us to strengthen our balance sheet and streamline our focus. The next chapter of our strategic and operational review will now focus on the remaining Advance business, with the goal of improving our sales trajectory and the productivity of all our assets to deliver stronger returns for our shareholders.”
Second Quarter 2024 Results (1,2)
Second quarter 2024 net sales totaled $2.7 billion, which was flat compared with the second quarter of the prior year. Comparable store sales increased 0.4%.
The company's gross profit decreased 2.3% to $1.1 billion. Gross profit margin was 41.5% compared with 42.5% in the second quarter of the prior year. This was primarily due to the company's strategic pricing investments and higher product costs.
SG&A expenses were $1.0 billion, or 38.9% of net sales compared with 37.8% in the second quarter of 2023. This increase was primarily due to wage investments in frontline team members and an increase in professional fees, including costs associated with the implementation of the company's strategic plan and the remediation of the company’s previously-disclosed material weaknesses. This was partially offset by a reduction in marketing expenses.
The company's operating income was $71.8 million, or 2.7% of net sales compared with 4.7% in the second quarter of 2023.
The company's effective tax rate was 27.5%, compared with 26.4% in the second quarter of 2023. The company's diluted EPS was $0.75, compared with $1.32 in the second quarter of 2023.
Net cash provided by operating activities was $87.8 million through the second quarter of 2024 versus $167.1 million of cash used in operating activities in the same period of the prior year. Free cash flow through the second quarter of 2024 was an outflow of $4.6 million compared with an outflow of $312.0 million in the same period of the prior year.
link hidden, please login to view -
-
-
By Nicole
Hello everyone,We are thrilled to join this community and introduce our company-QIAOPAI Auto parts
We are a young and dynamic automotive parts supplier specializing in body and electronic components
Our mission is to provide superior quality products and exceptional service to our clients
What We Offer: 1. Body Components: Precision-wiper linkage, bonnet lock, hood hinge, wiper arm, car muffler, clutch release, belt pulley
2. Electronic Components:wiper motor, oil pressure sensor, water temperature sensor and kinds of sensors, horn
We look forward to engaging with you, sharing insights, and exploring opportunities for collaboration
Thank you
here is our website:
link hidden, please login to view
-
Recommended Posts
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.