Nexen Tire reported its preliminary financial results for 2025, achieving 3.19 trillion won (nearly $2.2 billion) in revenue and 170.3 billion won in operating profit. This marks the first time the company has surpassed 3 trillion won in annual sales, illustrating robust top-line growth amid a challenging market environment. The South Korean tiremaker attributed strong top-line growth to the expansion of its European plant, which has boosted sales despite uncertainties such as US tariffs. “...

Holley Performance Brands, a US-based automotive aftermarket performance solutions company, has announced its financial results for the fourth quarter and the full year ended Dec. 31, 2025. The company's net sales for the fourth quarter grew by 10.9% to $155.4 million compared to $140.1 million in the previous year. The company reported a net income of $6.3 million, or $0.05 per diluted share, against a net loss of $37.8 million the previous year or minus $0.32 per diluted share. Net cas...

RideNow Group Inc., previously RumbleOn, which calls itself the largest powersports retailer in North America, announced its financial results for the fourth quarter and full year ended Dec. 31, 2025. The company had announced its rebranding as RideNow Group Inc., as part of a broader set of changes revealed alongside its second-quarter earnings. In the fourth quarter of 2025, the company reported Powersports revenue of $256.1 million, down 4.7% year over year. The quarter marked a 6.3% ...

Yokohama Rubber reported its financial results for the fiscal year ended Dec. 31, 2025, recording strong growth in sales revenue and profit. Sales revenue increased 12.8% year over year to Â¥1.2 trillion (nearly $7.9 billion), leading to a 28.3% year-over-year increase in business profit to Â¥166.6 billion. Operating profit increased 28.3% year over year to Â¥152.9 billion, while profit attributable to owners of the parent surged by 40.7% year over year to Â¥105.4 billion. ...

Goodyear Tire & Rubber has announced its financial results for the fourth quarter and full year 2025, revealing strong performance in the last quarter despite challenging industry conditions. The company achieved the highest fourth-quarter segment operating income and margin in over seven years, with net sales reaching $4.9 billion and tire unit volumes at 42.3 million. Adjusting for sales impact from divested businesses, organic net sales saw a 4% increase. Net income for the quarter was $1...

Phinia, the spinoff company of Michigan, US-based powertrain technologies supplier BorgWarner's fuel systems and aftermarket segments, reported its financial results for the fourth quarter and full year ending Dec. 31, 2025. In the fourth quarter, the company achieved net sales of $889 million, an increase of 6.7% compared to the previous year. This increase was predominantly due to tariff recoveries and increased volumes in Asia and the Americas, although those were offset by reduced volumes in...

Advance Auto Parts, a provider of automotive aftermarket parts in North America for professional installers and do-it-yourself (DIY) customers, has announced that for the fourth-quarter ending Jan. 3, 2026, the company reported net sales of $2.0 billion, matching the prior year's quarter but boosted by an additional week, which contributed $132 million. Comparable store sales rose by 1.1%, and gross profit increased significantly to $0.9 billion due to operational savings and improved product...

BorgWarner reported its 2025 financial outcomes, showing a 1.6% increase in sales compared to 2024, totaling $14.3 billion. Excluding foreign currency impacts, organic sales rose 0.5%. The company reported net earnings of $1.28 per diluted share; however, adjusted net earnings, which exclude $3.63 of net losses from non-comparable items, were $4.91 per diluted share, representing a 14% boost from 2024. Operating income settled at $536 million, or 3.7% of net sales, but after excluding $1,001 ...

Denso has announced financial results for the nine-month period ending Dec. 31, 2025, reporting a 3.9% year-over-year increase in consolidated revenue to Â¥5.5 trillion (about $35.2 billion). Despite higher revenue, the Japan-based company recorded a 6.4% year-over-year decline in consolidated operating profit to Â¥375.9 billion and a 12.5% year-over-year drop in consolidated profit attributable to owners of the parent company to Â¥273.7 billion. In Japan, Denso'...

Michelin’s sales declined by 4.4% year over year to €26 billion in the financial year ended Dec. 31, 2025. At constant exchange rates, sales dropped 1.4%. Lower sales impacted the French tiremaker’s segment operating income, which fell 19.5% year over year to €2.7 billion, resulting in a segment operating margin of 10.5% compared to 12.4% in 2024. The company reported net income of €1.7 billion, down 11.9% year over year. Michelin experienced challenges in sales and segment operatin...

Bridgestone Corp. reported a 14.8% year-over-year increase in net profit to ¥327.3 billion (nearly $2.1 billion) in the financial year ended Dec. 31, 2025, as revenue remained stable at ¥4.43 trillion, reported in 2024. The Japanese tiremaker also recorded a 2.2% year-over-year growth in operating profit to ¥493.7 billion. The company reported cash flow from operating activities of ¥660.4 billion, compared with ¥548.8 billion in 2024. At the end of the financial year, Bridgestone had cas...

The German automotive chemicals and lubricant specialist Liqui Moly, part of the Würth Group, reported an 8% increase in sales in 2025 over the past year in oil and additive production. The company said the increase in sales was largely driven by international markets, although significant growth was also seen in Germany. The company set new production records, producing 119,000 metric tons of oil, 40 million oil containers and 25 million cans of additives. In response to this growth, Liqui ...

Asbury Automotive Group Inc., an automotive retail and service company in the US, reported its financial results for the fourth quarter and full year of 2025. The company said it achieved an all-time record annual revenue of $18 billion. Transaction-adjusted EBITDA for the full year of 2025 was $1.1 billion. For 2025, the net income stood at $492 million ($25.13 per diluted share) compared to $430 million ($21.50 per diluted share) in the prior year.  The company reported a rec...

Dana Inc. has announced its preliminary financial results for 2025, reporting sales of approximately $7.5 billion, an adjusted EBITDA of about $600 million, and an adjusted free cash flow of approximately $315 million. The company completed the sale of its Off-Highway business for $2.7 billion and achieved approximately $250 million in cost savings.  For 2026, Dana said it completed $1.9 billion in debt reduction with proceeds from the Off-Highway sale and announced a $750 million thr...

AutoZone Inc. has reported net sales of $4.6 billion for its first quarter ended Nov. 22, 2025, recording an 8.2% increase compared to the same period the previous year. Same-store sales showed growth across its domestic and international locations, with domestic sales increasing by 4.8% and international sales by 11.2%, totaling a companywide growth of 5.5%. Despite these sales gains, gross profit as a percentage of sales decreased by 203 basis points to 51.0%. Operating expenses rose to ...

Yokohama Rubber has reported a record-breaking financial performance for the first nine months of 2025, driven primarily by its Tire business. The company highlighted the significant growth of its ADVAN, GEOLANDAR, Winter (AGW), high-inch and Off-the-Road (OTR) products across major markets, supported by increased original equipment (OE) demand and expanding replacement opportunities. From January through September, the company recorded sales revenue of approximately $5.85 billion, a 12% year...

Holley Performance Brands, a US-based company involved in automotive aftermarket performance solutions, has announced that in its third quarter ended Sept. 28, 2025, its net sales stood at $138.4 million, up 3.2% from $134.0 million in the previous year. The net loss for the third quarter was $0.8 million, an improvement from $6.3 million net loss in the prior year. Holley reported net cash provided by operating activities at $7.4 million, contrasting with the negative $1.7 million used ...

Dana Inc., a global supplier of drivetrain and propulsion systems and aftermarket solutions based in Ohio, US, has announced that in the third-quarter of 2025, sales for continuing operations totaled $1.92 billion, compared with $1.90 billion in the same period of 2024.  Net income from continuing operations was $13 million compared with a net loss of $21 million in the third quarter of 2024. Adjusted EBITDA was $162 million or 8.5% of sa...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has reported its financial results for the third quarter ending Sept.27, 2025. The company reported revenue of $535.7 million, a 6.6% increase compared to the previous year. Systemwide sales increased by 4.7% to $1.6 billion, attributed to a 2.8% increase in same-store sales and a 3.5% increase in store count. The net income from continuing operations was $60.9 million or $0.37 per diluted share, compared with a...

LKQ Corp., a Chicago-based provider of alternative and specialty parts and services for automobiles and other vehicles, has announced that in the third quarter of 2025, the company experienced a slight revenue increase to $3.49 billion, up from $3.45 billion in the third quarter of 2024. Parts and services revenue grew by 1.1%, driven by a 2.6% increase from foreign exchange rates, a 1.2% decrease in organic revenue, and the impact of acquisitions and divestitures. North American organic reve...

US-based automotive parts distributor Genuine Parts Co. (GPC) has announced its financial results for the third quarter ending Sept. 30, 2025. The company reported sales of $6.3 billion, up 4.9% compared to the same period the previous year. Growth was due to a 2.3% increase in comparable sales, a 1.8% rise from acquisitions and a 0.8% favorable impact from foreign currency and other factors. The net income stood at $226 million, slightly down from $227 million in the prior year, with diluted...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, has reported its highest third-quarter revenue in company history. Third-quarter 2025 revenue increased 5% to $9.7 billion from $9.2 billion in the third quarter of 2024.  The company's diluted earnings per share (EPS) for the quarter rose by 11% to $8.61 from $7.73 in the third quarter of 2024. Net income was $219 million, down 1.1% compa...

US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, has reported net sales of $6.2 billion for its fourth quarter ended Aug. 30, 2025, up 0.6% from the previous year. Gross profit, as a percentage of sales, was 51.5%, a decrease of 98 basis points versus the prior year. Operating profit decreased 7.8% to $1.2 billion. Net income for the quarter was $837.0 million, down from $902.2 million in the prior year quarter, while diluted earnings...

American Axle & Manufacturing Holdings Inc. (AAM) reported its financial results for the second quarter of 2025 with sales at $1.54 billion, compared to $1.63 billion in the second quarter of 2024. Sales during the quarter were impacted by lower volume and mix, the company said.      AAM's net income in the second quarter of 2025 was $39.3 million, or $0.32 per share and 2.6% of sales, compared to net income of $18.2 million, or $0.15 per share and 1.1% of sales in the seco...

Holley Performance Brands, a US-based company involved in automotive aftermarket performance solutions, has announced financial results for its second quarter ended June 29, 2025, reporting a net sales decrease by 1.7% year over year to $166.7 million, compared to $169.5 million last year. The company's net income declined to $10.9 million, or $0.09 per diluted share, compared to $17.1 million, or $0.14 per diluted share. Adjusted...

Dana Inc. has reported its financial results for the second quarter of 2025. Sales for continuing operations in the quarter totaled $1.95 billion, compared with $2.05 billion in the same period of 2024.  The company's loss before tax was $24 million compared with a loss of $53 million in the second quarter of 2024. Adjusted EBITDA for the second quarter of 2025 was $145 million or 7.5% of sales, compared with $110 million or 5.4% of sales...

Valvoline, a US-based supplier of lubricants and automotive services, announced that for its third quarter ended June 30, 2025, it recorded sales of $439 million, up 4% from the prior year. It said growth stood at 12% when considering the impact of refranchising. Systemwide store sales increased by 10% to $890 million, and same-store sales grew by 4.9%. Valvoline's operating income stood at $94.7 million, up 1% year over year, and income from continuing operations was $57 million, u...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has reported financial results for the second quarter ending June 28, 2025. The company said revenue stood at $551.0 million, up 6.2% versus the prior year. Systemwide sales increased 3.1% to $1.6 billion, driven by a 1.7% increase in same-store sales and a 3.9% increase in store count versus the prior year. However, net income from continuing operations declined sharply to $11.8 million or $0.07 per diluted sha...

O’Reilly Automotive Inc., a US-based retailer in the automotive aftermarket industry, has announced that for its second quarter ended June 30, 2025, sales increased $253 million, or 6%, to $4.53 billion from $4.27 billion for the same period one year ago. Gross profit for the second quarter increased 7% to $2.33 billion (or 51.4% of sales) from $2.17 billion (or 50.7% of sales) for the same period one year ago. Selling, general and administrative expenses (SG&A) were up 8...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that it has reported its highest second-quarter revenue in company history. The company's second-quarter 2025 revenue increased 4% to $9.6 billion from $9.2 billion in the second quarter of 2024. Second-quarter 2025 diluted earnings per share attributable to LAD were $9.87, a 25% increase from $7.87 ...

Forvia reported a 0.4% year-over-year decline in sales to €13.5 billion in the first half of the financial year ended June 30, 2025, the French supplier said in a press release on July 28. The company recorded a 1.1% year-over-year growth in organic sales, at constant scope and currencies, as global light vehicle production increased 3.1% year over year to 44.9 million, according to S&P Global Mobility.  Despite the drop in sales, Forvia recorded a 3.1% year-over-year growth i...

DENSO has reported a 16.1% year-over-year decline in net profit to Â¥79.3 billion ($548.2 million) in the first quarter ended June 30, 2025, as revenue remained stable at Â¥1.75 trillion, the company said in a press release on July 31. Operating profit also declined 11.1% year over year to Â¥107.2 billion, while profit before income taxes improved marginally by 1% year over year to Â¥140.2 billion. “Revenue in the first quarter remained consistent with the previous year, driven by a st...

Advance Auto Parts Inc., a prominent provider of automotive aftermarket parts in North America, has shared preliminary financial highlights for the second quarter of 2025. President and CEO Shane O'Kelly said that the results align with the upper range of the company's expectations, indicating progress in its strategic initiatives aimed at business improvement. The company announced proactive debt financing transactions to maintain financial flexibility as these initiatives are implemented. C...

Genuine Parts Co. announced its financial results for the second quarter ended June 30, 2025. The company's sales reached $6.2 billion, a 3.4% increase from the same period last year. This growth was driven by a 2.6% benefit from acquisitions, a 0.6% favorable impact from foreign currency and other factors, and a 0.2% rise in comparable sales. However, the net income decreased to $255 million, or $1.83 per diluted share, compared to $296 million, or $2.11 per diluted share.  In the Au...

US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, reported its third-quarter financial results for the period ended May 10, 2025, showing an increase in net sales to $4.5 billion, up 5.4% from the same period in fiscal 2024. However, the company's gross profit margin decreased by 77 basis points to 52.7%, impacted by higher inventory shrinkage, increased commercial mix and startup costs for new distribution centers. Operating profit decreased 3.8%...

Advance Auto Parts Inc., an automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that in the first quarter ended April 19, 2025, its net sales stood at $2.6 billion, down 7% compared with $2.8 billion in the first quarter of the prior year. Comparable store sales for the first quarter of 2025 decreased 0.6% and does not include store closing sales at more than 500 corporate locations that were closed in the quar...

Valvoline Inc. reported its financial results for the second quarter ended March 31, 2025, with sales reaching $403 million, an increase of 4%, or 11.0% considering the impact of refranchising. Systemwide store sales grew 11% to $826 million, with a 5.8% increase in systemwide same-store sales (SSS). Income from continuing operations was $38 million, a decline of 12%, while earnings per diluted share (EPS) decreased by 9% to $0.30. Adjusted EBITDA saw a slight decline of 1% but would have inc...

Continental has reported a 0.8% year-over-year decline in consolidated sales to €9.7 billion in the first quarter ended March 31, 2025. Lower sales reflect a challenging automotive business environment in Europe and North America, the two key markets of the Germany-based supplier, where light vehicle production dropped 7% and 5%, respectively. The company recorded adjusted earnings before interest and taxes of €639 million and an adjusted EBIT margin of 6.6%....

Indian tiremaker Apollo Tyres reported 2.9% year-over-year increase in revenue to 261.2 billion Indian rupees ($3 billion) in the financial year ended March 31, 2025, the company said in a regulatory filing on May 14. Despite moderate growth in revenue, Apollo Tyres recorded 39.1% year-over-year decline in profit before tax to 15.5 billion rupees. The company concluded the financial year with net profit of 11.2 billion rupees, down 34.9% year over year from 17.2 billion rupees rea...

US aftermarket supplier Dorman Products Inc. announced its financial results for the first quarter of 2025, revealing an 8.3% increase in total net sales, reaching $507.7 million, compared to the same quarter last year. This growth was primarily driven by strong customer demand in its Light-Duty segment. “While the recently enacted tariffs are expected to have a significant impact on the entire motor vehicle aftermarket and its global supply chain, we believe we are well-positioned to deliv...

US-based automotive parts distributor Genuine Parts Co. (GPC) has reported its financial results for the first quarter of 2025, reporting sales at $5.9 billion, up 1.4% compared to $5.8 billion in the same period of the prior year. The improvement is attributable to a 3.0% benefit from acquisitions, partially offset by a 0.8% decrease in comparable sales and a 0.8% net unfavorable impact of foreign currency and other. Net income was $194 million, or $1.40 per diluted earni...

DENSO has reported a slight improvement in revenue to Â¥7.2 trillion (about $47.9 billion) in the financial year ended March 2025, the leading Japanese automotive supplier said in a press release on April 25. Despite marginal growth in revenue, the company recorded a 36.4% year-over-year increase in operating profit to Â¥519 billion, while consolidated net profit jumped 34% year over year to Â¥419.1 billion. “Despite lower vehicle production volumes in Asia and suspensions of oper...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, has reported the highest first-quarter revenue in company history. The company said its first-quarter 2025 revenue increased 7% to $9.2 billion from $8.6 billion in the first quarter of 2024. The net income during the quarter was $211 million, up 28.0% compared to net income of $165 million in the same pe...

Automotive supplier Dana has announced its financial results for the fourth quarter and the full year of 2024. For the full financial year, the company reported a 2.6% year-over-year decline in sales to $10.3 billion. Lower sales impacted Dana’s earnings before interest and taxes, which fell 28.5% year over year to $226 million. The company concluded the financial year with a net loss of $57 million against a net income of $38 million in 2023. However, Dana’s adjusted net income improved to ...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, has reported an increase in net sales for the fiscal second quarter of 8.3% to $186.2 million from $171.9 million in the prior year. Gross profit for the quarter increased 49.4% to a record $44.9 million from $30.0 million a year earlier. Gross margin was 24.1% compared with 17.5% a year earlier. Additionally, the company achieved a net income of $...

US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, has reported a 2.1% year-over-year increase in net sales, reaching $4.3 billion for the first quarter ended Nov. 23, 2024, compared to the same period in the prior fiscal year. The growth in sales is attributed to an increase in same-store sales across both domestic and international locations. The company saw a slight increase in gross profit as a percentage of sales to 53.0% due to higher merchandis...

Valvoline, a US-based supplier of lubricants and automotive services, has announced the financial outcomes for the fourth quarter and the entire fiscal year of 2024, according to a press release dated Nov. 19. For the quarter, sales from continuing operations stood at $436 million, up 12%, driven by systemwide same-store sales (SSS) growth of 5.4%, including the impact from the Crowdstrike outage and hurricanes that occurred during the quarter. Reported income from continuing operations ...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, has reported an increase in net sales for the fiscal second quarter of 5.9%, reaching $208.2 million, according to a press release dated Nov. 12. The company's gross profit increased to a record $41.3 million from $41.1 million a year earlier. These figures were influenced by certain one-time expenses, including $2.7 million for new business onboarding and $1.3 millio...

CarParts.com Inc., a US-based e-commerce provider of automotive parts and accessories, has reported results for the third quarter ended Sept. 28, 2024, in a press release dated Oct. 29. The company said its net sales decreased to $144.8 million, down 13% from the year-ago quarter. Its gross profit stood at $51.0 million compared to $54.8 million; its gross margin was 35.2%, up from 32.9% from the year-ago quarter; and net loss was $10.0 million, or $0.17 per shar...

Blink Charging Co., known for manufacturing, owning, operating and providing electric vehicle charging equipment and services, has released its financial results for the third quarter of 2024, in a press release dated Nov. 7. The company reported total revenue of $25.2 million for the quarter compared to revenue of $43.4 million in the third quarter of 2023 and $96.0 million year-to-date compared to $97.9 million in the first nine months of 2023. However, Blink Charging...

Dover, a US-based manufacturer and solutions provider of equipment and components, consumable supplies, aftermarket parts, software, and digital solutions and support services, has disclosed its financial outcomes for the third quarter ended Sept. 30, 2024. The company reported a revenue increase to $2.0 billion, marking a 1% growth. Earnings from continuing operations saw a 19% rise to $313 million, and the diluted earnings per share (EPS) from continuing operations increased by 22...

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has announced its financial results for the second quarter ended Sept. 28, 2024, according to a press release dated Oct. 31. The company reported a 2% increase in revenue, reaching $592 million, and a 2% rise in systemwide sales to $1.6 billion for the quarter. This growth is attributed to a 1.1% increase in same-store sales and the addition of 56 net new units. In contrast to the prior year's net loss of $799.3...

O’Reilly Automotive Inc., a US-based retailer in the automotive aftermarket industry, has disclosed its financial achievements for the third quarter ended Sept. 30, 2024, according to a press release dated Oct. 24. Sales for the third quarter increased $161 million, or 4%, to $4.36 billion from $4.20 billion for the same period one year ago. Operating income was $897 million (or 20.5% of sales), which was flat compared to $897 million (or 21.3% of sales) for the same period one year ag...

US-based automotive parts distributor Genuine Parts Co. (GPC) has reported its third-quarter results for 2024, recording sales of $6.0 billion, a 2.5% increase compared to $5.8 billion in the same period of the prior year, according to a press release dated Oct. 22. The growth in sales is attributable to a 3.2% benefit from acquisitions and a net 0.1% favorable impact of foreign currency and other, partially offset by a 0.8% decrease in comparable sales.  Net income was $2...

US-based paint, coatings and specialty-materials manufacturer PPG has announced its financial results for the third quarter of 2024, reporting net sales of $4.6 billion, flat versus the prior year, according to a press release dated Oct. 16. PPG experienced a 2% growth in sales volume in the Performance Coatings segment, driven by strong demand in aerospace, refinish coatings share gains and performance in architectural coatings across the Americas and Asia-Pacific. However, the Industri...

Specialty Equipment Market Association (SEMA), a US-based trade organization for the automotive aftermarket industry, announced the launch of its 2024 Market Report, revealing that overall industry sales grew $550 million to $52.35 billion in 2023, according to a press release dated Aug. 29. The study further revealed that the light-truck sector continues to drive the specialty-equipment market, accounting for 59% of accessory and performance parts sales. It said sales were strong in all...

Blink Charging Co., a US-based electric vehicle charging equipment and services provider, reported its financial outcomes for the second quarter and six-month period ended June 30, 2024, according to a press release dated Aug. 7. The company saw a slight increase in total revenue to $33.3 million from $32.8 million in the same period the previous year and a 30% growth in year-to-date total revenue to $70.8 million. While there was a minor decrease in product revenue from $24.6 million to $23....

Advance Auto Parts, Inc., an automotive aftermarket parts provider in North America, announced its financial results for the first quarter ended July 13, according to a press release dated Aug 22. 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 operating income was $71.8 million, or 2.7% of net sales compared with 4.7% in the second quarter of 2023. However, there was...

North America-based collision repair centers operator Boyd Group Services Inc. has announced its results for the second quarter ended June 30, 2024, saying that sales increased by 3.4% to $779.2 million from $753.2 million in the same period of 2023, with same-store sales declining 3.2%, according to a press release dated Aug. 8. Net earnings decreased to $10.8 million, compared with $26.3 million in the same period of 2023 and net earnings per share decreased to $0.50, compared with $...

Holley Performance Brands, a US-based company involved in automotive aftermarket performance solutions, has announced financial results for its second quarter ended June 30, 2024, reporting a net sales decrease by 3.3% year on year to $169.5 million, according to a press release dated Aug. 7. There was, however, an improvement in net income, which rose from $13.0 million, or $0.11 per diluted share, to $17.1 million, or $0.14 per diluted share. Despite the increase in net income, the compa...

XPEL, Inc., a global provider of protective films and coatings, announced its financial results for the second quarter of 2024, revealing a 7.5% increase in revenue to $109.9 million, according to a press release dated Aug. 8. The company reported a gross margin of 43.5%, with a net income of $15.0 million, or $0.54 per share, which denotes a slight decrease from the $15.7 million, or $0.57 per share, reported in the same quarter of the previous year. EBITDA (earnings before interest, taxes, ...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, has reported an increase in net sales by 6.4%, reaching $169.9 million, and a gross profit increase of 9.8% to $29.2 million for the fiscal 2025 first-quarter ended June 30, 2024, according to a press release dated Aug. 8. Despite this growth, the company faced an unfavorable noncash $11.1 million foreign exchange loss, affecting its operating results. However, through cos...

Dorman Products (Dorman), a US-based aftermarket supplier of original equipment (OE) dealer-exclusive parts, has reported its financial results for the second quarter ended June 29, 2024, revealing an uplift in financial performance compared to the previous year, according to a press release dated Aug. 1. The company announced net sales of $503.0 million, marking a 4.7% increase from the $480.6 million recorded in the second quarter of 2023. This growth was primarily attributed to the Li...

CarParts.com Inc., a US-based eCommerce provider of automotive parts and accessories, has reported results for the second quarter ended June 29, 2024, in a press release dated July 30.  The company reported a decrease in net sales by 18% to $144.3 million. Its gross profit stood at $48.4 million against $60.4 million. Notably, the period saw a substantial net loss of $8.7 million, or $0.15 per share, a significant drop from the previous year's net loss of $0.7 million, or $0.01...

Genuine Parts Co. (GPC), a US-based distributor of automotive and industrial replacement parts, has announced its financial results for the second quarter of 2024, ending June 30, according to a press release dated July 23. The company reported sales of $6.0 billion, marking a slight increase of 0.8% compared to the same period in the previous year. This rise in sales is attributed to a 2.2% benefit from acquisitions, despite a 0.9% decline in comparable sales and a 0.5% adverse impact from f...

Motorcar Parts of America Inc. reported financial results for its fiscal 2024 fourth quarter and year ended March 31, 2024, revealing year-over-year increases in sales, operating income and cash flow from operating activities, according to a press release dated June 11. The company's net sales for fiscal 2024 increased 5.1% to $717.7 million, gross profit increased 16.3% to $132.6 million, and operating income increased 26.5% to $46.1 million. The company generated approximately $39.2 million...

Advance Auto Parts, Inc., an automotive aftermarket parts provider in North America, announced its financial results for the first quarter ended April 20, according to a press release dated May 29. First-quarter 2024 results showed a 0.3% decrease in net sales totaling $3.4 billion, compared to the same period in the previous year. Comparable store sales also decreased by 0.2%. Gross profit decreased by 2.2% to $1.4 billion, primarily due to increased costs that couldn't be entirely covered b...

GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced a significant increase in its exhaust system sales, with a year-to-date sales increase of over 30% compared to 2023, according to a press release dated May 28 by the UK aftermarket industry body, the Independent Automotive Aftermarket Federation (IAAF). The company credits this growth to its A2A brand, which is manufactured exclusively by a leading original equipment manufacturer OES provider and is know...

US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, has reported net sales of $4.2 billion for its third quarter ended May 4, 2024, an increase of 3.5% from the third quarter of fiscal 2023, according to a press release dated May 21. For the quarter, net income stood at $651.7 million compared with $647.7 million in the same period last year, while diluted earnings per share increased 7.5% to $36.69. Commenting on the results, “I want to thank and...

Holley Performance Brands, a US-based automotive aftermarket performance solutions company, has announced financial results for its first quarter ended March 31, 2024, according to a press release dated May 8. The company’s net sales decreased 7.9% to $158.6 million compared to $172.2 million last year. Its net income was $3.7 million. Adjusted EBITDA was $30.7 million compared to $33.9 million last year. "The organizational transformation at Holley is well underway. In the first few m...

Valvoline Inc. declared its financial results for the second quarter of the 2024 fiscal year, ending March 31, 2024. Compared to the same period in the previous year, net revenue grew 13% to approximately $389 million while its adjusted EBITDA grew 21% year over year to approximately $105 million, with system-wide store sales growing 13% to $746 million. Its adjusted earnings per diluted share increased by 74% to $0.33 while 14 franchised and 24 company-operated new stores were added in ...

Dorman Products Inc., a US-based supplier in the motor vehicle aftermarket industry, has announced that in the first quarter ended March 30, 2024, net sales stood at $468.7 million, up slightly compared to net sales of $466.7 million in the first quarter of 2023, according to a press release dated May 7.  Gross profit was $181.4 million in the first quarter of 2024, or 38.7% of net sales, compared to $144.5 million, or 31.0% of net sales, for the same quarter last year. Commenting on ...

Xpel Inc., a US-based provider of protective films and coatings, announced its consolidated results for the first quarter and year ended March 31, 2024, according to a press release dated May 2. The company said its revenue increased 5.0% to $90.1 million compared to the first quarter of 2023. Net income decreased 41.7% to $6.7 million, or $0.24 per basic and diluted share, versus net income of $11.4 million, or $0.41 per basic and diluted share in the first quarter of 2023. These results inc...

Phinia, the spin-off company of the Fuel Systems and Aftermarket segments of Michigan, US-based powertrain technologies supplier BorgWarner, has reported results for the first quarter ended March 31, 2024, according to a press release dated April 25. The company’s Aftermarket division sales stood at $336 million, up from $326 million in the first quarter of 2023. Combined with its Fuel Systems division, overall net sales stood at $863 million, an increase of 3.4% compared with the first qua...

O’Reilly Automotive, Inc., a US-based retailer in the automotive aftermarket industry, has announced record revenue and earnings for its first quarter ended March 31, 2024, according to a press release dated Apr. 24. Sales for the first quarter increased $268 million, or 7%, to $3.98 billion from $3.71 billion for the same period one year ago. Operating income 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 ...

Auto Parts 4 Less Group Inc., a US-based e-commerce automotive parts firm, has announced that its revenue climbed from $48,573 in January 2024 to $102,409 in March 2024, up 111%, according to a press release dated Apr. 17. The company didn’t disclose further revenue details. Christopher Davenport, CEO and Founder of Auto Parts 4 Less Group Inc. stated, "This success is primarily driven through our LiftKits4Less.com platform, which we reactivated just five months ago. Additionally, while our...

LKQ Corporation has reported first quarter 2024 financial results. In a press release dated Apr. 23, the company announced that its revenue for the first quarter of 2024 was $3.7 billion, up 10.6% compared to $3.3 billion for the first quarter of 2023. Its total parts and services revenue increased by 12.1%. Other revenue for the first quarter of 2024 fell 14.6% primarily due to weaker precious metals prices relative to the same period in 2023. Net income for the first quarter of 2024 was $15...

CarParts.com, a US-based e-commerce provider of automotive parts and accessories, has announced results for the fourth quarter and fiscal year ended Dec. 30, 2023. In a press release dated March 7, 2024, the company reported net sales in fiscal year at $675.7 million, up 2% from $661.6 million in fiscal year 2022. Net loss in fiscal year 2023 was $8.2 million compared to a net loss of $1.0 million in the previous year, the release added. Net sales in the fourth quarter of 2023 was $156.4â...

Dorman Products Inc., a US-based supplier in the motor vehicle aftermarket industry, has announced its financial results for the fourth quarter and full year ended Dec. 31, 2023, according to a press release dated Feb. 26, 2024. The company reported fourth-quarter 2023 net sales of $494.3 million, down 1% compared to net sales of $501.3 million in the fourth quarter of 2022. Gross profit was $194.2 million, or 39.3% of net sales, compared to $157.8 million, or 31.5% of net sales, for the same...

Italy-based National Association of the Automotive Industry Supply Chain (ANFIA) has announced that its Aftermarket Barometer, a statistical survey within the ANFIA Components Group, has revealed that the aftermarket turnover of the association’s group companies grew 11.58% in 2023 compared to 2022, according to a press release dated Feb. 16, 2024. In 2022, the aftermarket turnover was up by 7.8% compared to 2021. The aftermarket turnover is considered as the turnover of component manufacturer...

O’Reilly Automotive, a US-based automotive aftermarket parts retailer, has announced record revenue and earnings for its fourth quarter and full year (ended Dec. 31, 2023), according to a press release dated Feb. 7. The results represent 31 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April 1993, the release added.  Sales for the fourth quarter (ended Dec. 31, 2023), increased $188 million, ...

Motorcar Parts of America, a remanufacturer, manufacturer and distributor of automotive aftermarket parts, announced that it has reported results for the third quarter of fiscal year 2024 and nine-months ended Dec. 31, 2023. The performance represented a strong increase in net sales, operating income and cash flow from operating activities, according to a press release dated Feb. 9.  Net sales for the third quarter increased 13.2% to $171.9 million from $151.8 million in the prior year. ...

CarParts.com Inc., a leading online retailer of automotive parts and accessories, announced that its board of directors has approved the extension of the company's current $30 million stock repurchase plan to July 26, 2026, according to a press release dated Jan. 22, 2024. The Repurchase Plan was originally set to expire on July 26, 2024. The company believes this extension supports planned approaches to capital deployment to create long-term value for stockholders through...

Holley Inc. (Holley), a US-based manufacturer of high-performance aftermarket products for car and truck enthusiasts, announced that it paid down an additional $25 million in principal against its first lien term loan facility, according to a press release dated Dec. 19. This debt reduction against Holley’s first lien term loan facility was completed through opportunistic repurchases at a discount to par in November and December, and were completed using cash on hand, the company said. Comb...

Motorcar Parts of America, a remanufacturer, manufacturer and distributor of automotive aftermarket parts, announced that it has launched a vendor supply chain financing program designed to enhance payment terms and improve cash flow for both valued vendors and the company, according to a press release dated Nov. 28. The platform will be administered by a leading FinTech company, which services suppliers in more than 80 countries in multiple currencies. Motorcar Parts of America is engag...

US-based manufacturer and distributor of automotive aftermarket parts, Motorcar Parts of America, has reported record sales for its fiscal 2024 second quarter and six-month period ended Sept. 30, 2023, with record gross profit and strong cash flow from operating activities, according to a press release dated Nov. 9. The company’s net sales for the second quarter increased 14.0% to a record $196.6 million from $172.5 million in the prior year. Net loss for the quarter improved to $2.0 millio...

Advance Auto Parts, an automotive aftermarket parts distributor in North America, has announced its third-quarter financial results on Nov. 15, 2023, highlighting a 2.9% increase in net sales to $2.7 billion compared to the same period last year. The company's gross profit decreased by 16.3% to $1.0 billion, primarily due to a change in inventory reserve estimates and higher product costs that were not fully covered by pricing actions. Selling, General & Administrative (SG&A) expenses...

US-based ITT Inc, a manufacturer of critical components for the transportation, industrial, and energy markets, has reported financial results for the third-quarter ending on September 30, registering a 9% year-over-year revenue increase to $822.1 million primarily driven by 13% growth in both Industrial Process and Connect & Control Technologies, according to a press release dated November 2. The company's operating cash flow and free cash flow for the quarter and year-to-date increased ...

Phinia, the spin-off company of the Fuel Systems and Aftermarket segments of Michigan-based powertrain technologies supplier BorgWarner, has reported its third quarter 2023 results, according to a press release dated November 6. The company reported US GAAP (Generally accepted accounting principles) net sales of $896 million, an increase of 4.3% compared to Q3 2022. Growth in light vehicle original equipment (OE) sales was partially offset by lower commercial vehicle OE sales in China, the co...

O’Reilly Automotive, a US-based automotive aftermarket parts retailer, has announced record revenue and earnings for its third quarter ended Sept. 30, according to a press release dated Oct. 25. Sales increased $405 million, or 11%, to $4.20 billion from $3.80 billion for the same period one year ago. The company’s net income for the quarter rose $64 million, or 11%, to $650 million from $585 million for the same period one year ago. Sales for the first nine months of 2023 increased $1.21...

Sweden-based SKF, a supplier of rolling bearings, seals, mechatronics and lubrication systems, announced its third-quarter financial results on Oct. 27, 2023. The company reported a slowdown in demand due to weakening economic sentiment and customers reducing their inventories, but maintained its profitability and cash flow. SKF stated that despite the challenging market environment, its net sales increased to 25.8 billion Swedish kronor (about $2.3 billion) with organic growth relatively f...

Dorman Products (Dorman), a US-based aftermarket supplier of original equipment (OE) dealer-exclusive parts, has announced its financial results for the third quarter ending Sept. 30, 2023, according to a press release dated Oct. 31. The company reported an 18% increase in net sales to $488.2 million compared to the same period last year, attributing the growth to the acquisition of SuperATV, price increases to offset inflation and the introduction of new products to the market. The companyâ€...

US-based automotive parts distributor Genuine Parts Co. reported its third-quarter 2023 results, with sales of $5.8 billion, up 2.6% year over year, according to a press release dated October 19. Net income was $351 million, an increase of 12.4%, and the company generated cash flow from operations of $1.1 billion for the first nine months of 2023. The company ended the quarter with $2.2 billion in total liquidity. In terms of segment performance, global Automotive sales were $3.6 billion, up ...

US-based distributor of replacement parts, components and systems LKQ Corp. has announced that its revenue for the third quarter ending on Sept. 30, 2023, stood at $3.6 billion, up 15.0% compared to $3.1 billion for the third quarter of 2022, according to a press release dated October 26. Total parts and services revenue rose 17.1% year over year. Net income for the third quarter of 2023 was $207 million as compared to $261 million for the same period in 2022, according to the release. ...

German automotive supplier Hella, which operates under the umbrella brand Forvia, announced that in the first nine months of the fiscal year 2023 (Jan. 1 to Sept. 30, 2023), the Lifecycle Solutions business group sales grew by 9.7% to €0.8 billion (nine months calendar year 2022: €0.7 billion), according to a press release dated October 18. The main drivers were the strong spare parts business in Poland, Mexico and Brazil. This included a further increase in demand for a newly launched pa...