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    Italian automotive body ANFIA says H1 2022 aftermarket turnover up 13.6% y/y
    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 13.6% in the first half of 2022 compared to the same period of 2021, according to a press release dated 28 September. The aftermarket turnover is considered as the turnover of component manufacturers towards the independent afterm...
    US aftermarket supplier Holley says Q2 2022 net sales USD179.4 million, down 7.1% y/y
    Holley Inc., a US-based manufacturer of high-performance aftermarket products for car and truck enthusiasts, announced financial results for its second quarter ended 3 July 2022, in a press release dated 11 August. The company says that its net sales decreased 7.1% to USD179.4 million in the second quarter of 2022 compared to USD193.0 million in the second quarter of 2021. The decline was due to reduced unit volumes, destocking from our resellers, and reduced consumer demand in certain c...
    ElringKlinger posts 9.4% y/y increase in Q2 FY 2022 revenue to USD437.9 million
    German automotive components supplier ElringKlinger AG has posted 9.4% year-on-year (y/y) growth in second-quarter revenue even as supply chain constraints offset favorable exchange rates, according to a company press release dated 4 August. Revenue came in at EUR430.6 million (USD437.9 million) compared with EUR393.6 million a year earlier. Net loss for the quarter was EUR94.1 million compared with a profit of EUR7.9 million last year. The EBIT margin was -22.5% versus 5.9%. “The difficult...
    Advance Auto Parts reports its net sales USD2.66 billion for Q2 2022
    Advance Auto Parts, an automotive aftermarket parts distributor in North America, has announced its financial results for the second quarter ended 16 July 2022 via a press release.  The highlights are the financial results are: Net sales stood at USD2.66 billion, an increase of 0.6% compared with the second quarter of the prior year which was USD2.64 billion Gross profit decreased by 0.3% to USD1.185 billion from the second quarter of previous year, which...
    Sogefi reports H1 2022 revenue USD776.2 million, up 12.3% y/y
    Milan-based supplier of air and cooling, filtration and suspensions products, Sogefi, has announced its financial results for the first half of FY 2022 as on 30 June. The highlights of the release are: Revenue of the first half of 2022 came in at EUR756 million(USD776.2 million) and were up by 12.3% compared to the same period of 2021 which was EUR673.4 million. Net income in the first half of 2022 stood at EUR20.8 million as compared to EUR21.4 million during the first...
    HELLA Aftermarket revenue stood at USD627.5 million for fiscal year 21-22, up by 15.6% y/y
    HELLA, the automotive supplier operating under the FORVIA umbrella brand, has announced its full financial results for the fiscal year 2021–22 (1 June 2021 to 31 May 2022) via a press release dated 18 August, confirming the preliminary key figures published on 20 July 2022. The highights of the release are: Consolidated sales declined by 0.8%t to EUR6.3 billion in the reporting period vs EUR6.4 billion in the prior year. Adjusted EBIT amounted to EUR279 million in the past fisc...
    Hankook tire reports Q2 2022 net sales at USD1.61 billion, up 12.77% y/y
    South Korean tire manufacturer, Hankook tire, has reported second quarter 2022 net sales at KRW2.03 trillion (USD1.61 billion), up 12.77% year-on-year (y/y) from KRW1.80 trillion in the previous year for the second quarter of 2021, according to a filing by the company on 2 August. Operating income for the quarter was reported at KRW175.2 billion, compared to KRW187 billion from the previous year. Significance: According to Hankook Tire’s financial report, sales of 18” or hi...
    Motorcar Parts of America reports Q1 fiscal year 2023 results
    Motorcar Parts of America, a manufacturer and distributor of automotive aftermarket parts based in the United States, has reported results for its fiscal 2023 first quarter ended 30 June 2022, via a press release dated 9 August.  The highlights of company financials are: Net sales reached a fiscal first-quarter record of USD164 million, an increase of 10% year over year, from $149.0 million in the prior-year period. Gross profit for the fiscal 2023 f...
    Continental’s Q2 2022 sales grows 13% y/y to USD9.62 billion
    Continental posted a 13% year-on-year increase in second-quarter revenue to EUR9.44 billion (USD9.62 billion), according to a press filing on 9 August. Net loss was EUR250.7 million compared with a profit of EUR545.3 million a year earlier. Research and Development expenses for the quarter was EUR738.5 million compared with EUR706.1 million last year. “The current headwind is rather like a hurricane and will not subside any time soon. Given this environment, we have performed well...
    Goodyear reports Q2 2022 net sales at USD5.21 billion, up 31% from Q2 2021
    US tire manufacturer Goodyear announced Q2 2022 net sales at USD5.21 billion, up 31% year on year from USD3.97 billion in Q2 2021 for the three months ended 30 June, via a press release dated 5 August.  The highlights from the financial release are: Net income stood at USD166 million for Q2 2022. Adjusted net income was USD131 million for Q2 FY 2022. Net income was USD262 million (91 cents per share) compared with net income of USD79 million (...
    ZF Aftermarket reports sales of USD1.67 billion for HY 2022, up by 10% y/y
    German automotive supplier ZF Friedrichshafen has announced its financial results for the first half of 2022 ending 30 June via a press release dated 3 August. The highlights of the release are: Sales of the ZF Group for the first half of FY 2022 stood at EUR21.2 billion compared with EUR19.3 billion for the same period in 2021, representing an increase of about 9.7% (5% adjusted for currency effects). Adjusted EBIT totaled EUR851 million in the first hal...
    US-based PARTS iD Q2 FY 2022 net revenue USD104.3 million, down 20% from Q1 2022
    PARTS iD, the owner and operator of, among other verticals, “CARiD.com,” a leading digital commerce platform for the automotive aftermarket, today announced results for the second quarter ended 30 June 2022 via a press release dated 8 August.  The financial highlights of the release are: Net revenue for second quarter 2022 was USD104.3 million, a decrease of 20.1% as compared to second quarter 2021 and an increase of 9.9% as compared to first quarter 2022. Gros...
    Cooper Standard reports Q2 2022 net sales at USD605.91 million, up 13.64% from Q2 2021
    Cooper Standard has reported second quarter 2022 net sales at USD605.91 million, up 13.64% year-on-year (y/y) from USD533.18 million in the previous year for the second quarter of 2021, according to a filing by the company on 4 August. Operating loss for the quarter was reported at USD8.73 million. Net loss for second quarter 2022 was reported at USD34.15 million. Jeffrey Edwards, chairman and CEO, Cooper Standard, said, “We began to see some improvement in global market conditions and...
    Myers Industries reports net sales of USD233.2 million, up 24% from Q2 FY 2021
    Myers Industries, Inc, a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel, and under-vehicle service industry, announced results for the second quarter ended 30 June 2022 via a press release dated 2 August.  The financial highlights are: Net sales increased 24% to USD233.2 million, compared with USD187.4 million for second quarter FY 2021. Organic net sales increased 16% compared with the second quarter of 2021. Ea...
    CarParts.com revenue USD176.2 million in Q2 FY 2022, up 12% y/y from Q2 FY 2021
    CarParts.com, a US-based e-commerce provider of automotive parts and accessories reports its second quarter FY 2022 financial results, according to a press release dated 2 August.  The highlights of the release are: Net sales stood at USD176.2 million compared to USD157.5 million in the year-ago quarter, an increased of 12% year over year and increased 44% on a two-year stack. Gross profit increased 16% to USD61.9 million compared to USD53.3 million ...
    Uni-Select's Q2 FY 2022 sales USD444.3 million, up by 6.7% from Q2 FY 2021
    Canada-based automotive aftermarket parts supplier Uni-Select, reports its second quarter FY 2022 and 6-month financial results and highlights via a press release dated 5 August.  The highlights of the release are: Consolidated sales of USD444.3 million, up USD27.9 million or 6.7% in second quarter FY 2022 and consolidated sales of USD853.9 million, up USD67.4 million or 8.6% in the six-month period of FY 2022.  Organic growth of 10.8% with all three...
    SMP Q2 FY 2022 revenue USD359.4 million, up by 5.1% from Q2 FY 2021
    US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), has reported its consolidated financial results for the three and six months ended 30 June 2022, via a press release dated 3 August.  The highlights of the report are: Net sales for second quarter of 2022 were USD359.4 million, compared to consolidated net sales of USD342.1 million during second quarter in 2021.  Consolidated net sales for the six month...
    Tenneco Q2 FY 2022 revenue USD4.7 billion, up 2% y/y
    US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced its results for the second quarter ended 30 June reporting total revenue of USD4.7 billion, up 2% year-on-year, according to a press release dated 4 August. Tenneco also reported net loss of USD121 million, or a loss of USD1.44 per diluted share, compared to a net loss of USD10 million, or a loss of USD0.12 per diluted share, in the prior year. The company reported EBIT of USD15 mill...
    BM Catalysts infuses capital to increase capacity
    UK manufacturer of catalytic converters, DPFs, and front pipes BM Catalysts has announced that it has further boosted its investment in resources and the latest technology to meet the ever-increasing demand for its products to cover the evolving vehicle car parc, according to a press release dated 26 July. The company said it has recently made a significant six-figure investment in new additional hi-tech machinery to help further increase productivity and capacity, and in its research and develo...
    Genuine Parts Company Q2 FY 2022 sales USD5.6 billion, up 17.1% y/y
    US-based automotive parts distributor Genuine Parts Company announced its results for the second quarter second quarter ended 30 June via a press release dated 27 July. Sales were USD5.6 billion, a 17.1% increase compared to USD4.8 billion in the same period of the prior year. The sales growth reflects an 11.5% increase in comparable sales and an 8.8% benefit from acquisitions, the release added. Net income was USD373 million, or USD2.62 per diluted earnings per share, compared to net income ...
    LKQ Corporation Q2 FY 2022 revenue USD3.3 billion, down 2.7% y/y
    US-based distributor of replacement parts, components, and systems, LKQ Corporation, has reported second quarter 2022 financial results in which its revenue was USD3.3 billion, a decrease of 2.7% as compared to USD3.4 billion in the second quarter of 2021, according to a press release dated 28 July. The company said its parts and services organic revenue increased 3.8% and other revenue fell 2.9% owing to changes in commodity prices relative to the same period in 2021. Net income for the quar...
    Liqui Moly registers EUR382 million sales in first half 2022, up 8% year on year
    German oil and additive specialist, Liqui Moly, announced that it has registered sales of EUR382 million (around USD387 million) in the first half of the year, up 8% year on year, according to a press release dated 20 July. The company said despite the loss of the Russian market, it was able to achieve a “respectable increase in sales”, even though this figure fell short of expectations. The company did not meet its revenue target, according to the release. The managing director of LIQUI ...
    MAHLE posts record 2021 aftermarket sales at EUR1.1 billion, up 18.5% y/y
    Stuttgart-based global supplier of powertrain and thermal components MAHLE has announced that in 2021, its subsidiary MAHLE Aftermarket registered sales of approximately EUR1.1 billion (around USD1.21 billion), up by 18.5% year on year, according to a press release dated 19 July. The company said those are the highest annual sales figures achieved since the business unit was founded. The company observed that the workshop equipment business exhibited particularly strong growth, and MAHLE Afte...
    Dorman Products reports Q2 2022 net sales at USD417.4 million, up 34% y/y
    Dorman Products, a US-based aftermarket supplier of OE dealer exclusive parts has announced its financial results for the second quarter ended 25 June, in which the company reported net sales of USD417.4 million, up 34% compared with net sales of USD310.6 million in the second quarter of 2021, according to a press release dated 25 July. Net income for the second quarter of 2022 was USD37.9 million, or USD1.20 per diluted share, compared with USD31.6 million, or USD0.99 per diluted share, in t...
    Sensata records Q2 2022 revenue at USD1,020.5 million, up 2.8% y/y
    Sensata Technologies, a US-based supplier of sensors and sensor-equipped solutions to the automotive industry, has announced financial results for its second quarter ended 30 June, according to a press release dated 26 July. The company said its revenue was a record USD1,020.5 million, up USD27.9 million or 2.8% compared with  USD992.7 million in the second quarter of 2021. Its operating income was USD138.9 million, or 13.6% of revenue, marking a decrease of USD25.8 million, or...
    US-based CarParts.com announces USD75 million credit facility
    CarParts.com, a US-based e-commerce provider of automotive parts and accessories, announced that it has entered into an amended and restated facility in place of their prior credit facility, according to a press release dated 21 June. This agreement provides for a renewed five-year asset-based revolving credit facility with JPMorgan Chase Bank.  The credit facility includes an increased aggregate lender commitment of up to USD75 million, subject to borrowing base availability based on sp...
    Motorcar Parts of America reports fiscal 2022 net sales at USD650.3 million, up 20.3% y/y
    Motorcar Parts of America, a manufacturer and distributor of automotive aftermarket parts based in the United States, has reported results for its fourth quarter and 2022 fiscal year ended 31 March 2022, saying that it has registered record annual sales with strong demand for non-discretionary aftermarket parts and the completion of a multiyear build-out program for the company’s brake-related manufacturing operations, according to a press release dated 14 June. The company said its ne...
    Brembo registers EUR857 million revenue in Q1 2022, up 27.0% y/y
    Italy-based manufacturer of brake components and systems, Brembo, announced that in the first quarter of 2022, the company’s net consolidated revenues amounted to EUR857.6 million (USD896.5 million), up 27.0% year-on-year (+22.7% on a like-for-like exchange rate basis) compared to the first quarter of the previous year, according to a press release dated 11 May. In the reporting quarter, all segments in which the group operates grew: the car segment rose by 26.2%, motorbike applications by ...
    Valeo Siemens eAutomotive exceeds EUR4 billion order target for 2021–22
    Valeo Siemens eAutomotive announced that it has exceeded its target of over EUR4 billion (USD4.19 billion) in order intake for high-voltage electrification technologies for the 2021–22 period, according to a press release dated 7 June. The goal was met more than seven months ahead of the announced roadmap, the release added. Orders booked since early 2021 cover end-to-end powertrain assemblies and their components (electric motors, inverters, reducers, onboard chargers and DCDC converters)....
    Swedish charging solutions company CTEK announces Q1 results
    Swedish battery management company CTEK has announced that its net sales for the first quarter ending March 2022 stood at SEK237 million (around USD24 million), up 1% year on year, according to a press release dated 11 May. Of the net sales, Electric Vehicle Supply Equipment (EVSE) share rose to 17% or SEK37 million (USD3.78 million). Adjusted EBITA declined to SEK22 million from SEK67 million, corresponding to a margin of 9.3% (previous year:28.7%), according to the release. The Grou...
    US repair software firm Vehlo announces new majority investment
    Vehlo, a US-based provider of software and financial solutions for the automotive repair industry, recently announced a majority investment from an entrepreneurial family office Greater Sum Ventures in a press release dated 6 June. GSV is joined by existing investors PSG, HarbourVest Partners, Parkwood, and new investor Lightyear Capital, the release added. Financial terms were not disclosed. Vehlo says it aims to empower automotive service providers with the tools they need to deliver an exc...
    US repair facility operator Service King recapitalizes business
    Service King, a US-based operator of auto body collision repair facilities, announced its entry into a comprehensive agreement with key financial stakeholders that will provide the company with new capital, reduce debt, extend remaining existing debt maturities, and position itself to increase reinvestment for long term growth, according to a press release dated 31 May. Under the terms of the transaction support agreement, Service King will receive USD200 million in new capital, reduce net in...
    AutoZone says Q3 2022 net sales at USD3.9 billion, up 5.9% y/y
    US-based retailer of aftermarket automotive parts and accessories, AutoZone, has reported net sales of USD3.9 billion for its third quarter ended 7 May, 2022, an increase of 5.9% from the third quarter of fiscal 2021, according to a press release dated 24 May. Domestic same store sales, or sales for stores open at least one year, increased 2.6% for the quarter. Operating profit decreased 2.2% to USD785.7 million and net income for the quarter decreased 0.6% over the same period last year to U...
    Schaeffler Group’s Q1 2022 automotive aftermarket revenue EUR463 million, up 2.1% y/y
    German automotive supplier Schaeffler Group announced via press release on 9 May that its automotive aftermarket division reported EUR463 million (around USD493 million) in revenue for the first quarter of 2022, representing constant-currency revenue growth of 2.1% from EUR444 million (around USD473 million) in the first quarter of 2021. The division earned EUR63 million (around USD67 million) in EBIT before special items, representing an EBIT margin before special items of 13.6% over ...
    Blink Charging reports Q1 2022 revenue USD9.8 million, up 339% y/y
    Blink Charging Co, a US-based owner, operator, and provider of electric vehicle (EV) charging equipment and services, announced via a press release dated 9 May that for the first quarter ended 31 March its total revenues were USD9.8 million, up 339% compared to USD2.2 million in the first quarter of 2021. Product sales increased 382% to USD8.1 million, up USD6.4 million from the same period in 2021 primarily driven by increased sales of commercial chargers, DC fast chargers, and residential c...
    US-based PARTS iD Q1 2022 net revenue USD94.9 million, down 13% y/y
    PARTS iD, a US-based e-commerce company for the automotive parts, accessories and the aftermarket, announced that the company’s net revenue in the first quarter ended 31 March was USD94.9 million, down 13.0% compared to USD109.1 in the first quarter of 2021, according to a press release dated 10 May. This decrease was attributable to a 14.9% decline in traffic and a 13.9% decrease in the conversion rate, partially offset by a 9.4% increase in average order value, the company said. Operat...
    Automotive coatings firm XPEL records USD71.9 million sales in Q1 2022, up 38.6% y/y
    XPEL, a US-based provider of aftermarket automotive products, including automotive surface and paint protection, ceramic coatings, headlight protection, and automotive window films has announced the results for the first quarter ended 31 March, according to a press release dated 10 May. The company registered a sales growth of 38.6% to a USD71.9 million. According to the release, net income grew 14% to USD7.8 million, or USD0.28 per share, compared to USD6.8 million, or USD0.25 per share, in ...
    Valvoline Q2 2022 sales up 26% y/y at USD886 million
    Valvoline, a US-based supplier of lubricants and automotive services, announced that in the second fiscal quarter ended 31 March, the company recorded sales of USD886 million, up 26% year on year from USD701 million, according to a press release dated 9 May. The company reported net income of USD81 million, up 19% and earnings per diluted share (EPS) of USD0.45, which increased 22% year on year. The company said that its performance was driven by ongoing share gains, price increases to recove...
    CarParts.com reports Q1 2022 results
    CarParts.com, a US-based e-commerce provider of automotive parts and accessories announced its results for quarter ended 2 April 2022 via a press release dated 3 May.  The highlights of the financial results were: The company reported sales of USD166.1 million, increased 15% year over year. The gross profit increased 24% to USD61.2 million, with gross margin increasing 280 basis points to 36.8%. Net income was USD2.1 million or USD0.04 per diluted share, compared to n...
    O'Reilly reports Q1 2022 results
    American retailer of automotive aftermarket parts, O'Reilly, has announced the results of its first quarter 2022, according to a press release dated 28 April. Sales for the first quarter, ended 31 March 2022, increased USD205 million, or 7%, to USD3.30 billion from USD3.09 billion for the same period one year ago. Gross profit for the first quarter increased 4% to USD1.71 billion (or 51.8% of sales) from USD1.64 billion (or 53.1% of sales) for the same period one year ago. The ...
    Driven Brands reported revenue USD468.3 million in Q1 2022
    Driven Brand Holdings, a US-based automotive service company, has released its results for first quarter ended 26 March 2022 via a press release dated 27 April.  For the first quarter, revenue was USD468.3 million, an increase of 42% versus the prior year. System-wide sales were USD1.3 billion, an increase of 26% versus the prior year, with 8% net store growth and an increase in consolidated same-store sales of 15.6%.  Earnings per diluted share was USD0.20 for the first quarter....
    LKQ Corporation’s Q1 2022 sales up 5.6 % y/y to USD3.3 billion
    LKQ Corporation, a Chicago, US-based provider of alternative and specialty parts and services for automobiles and other vehicles, announced in a press release on 28 April that in the first quarter of 2022, it has registered sales of USD3.3 billion, up 5.6% compared to USD3.2 billion in the first quarter of 2021. The company said that its net income for the quarter was USD269 million as compared to USD266 million for the same period last year. Diluted earnings per share for the quarter was USD...
    Dorman Products, Inc. record net sales of USD401.6 million in Q1 2022
    Dorman Products, a US-based automotive aftermarket company, has reported quarterly net sales of USD401.6 million in the fourth quarter of 2022, up 39% compared to net sales of USD288 million in the first quarter of 2021, via a press release dated 25 April.  The record first quarter results reflect a continuation of favorable underlying industry dynamics across the Company’s customer channels, new product penetration, the addition of Dayton Parts, and price increases to offset logistics...
    Genuine Parts Company record sales of USD5.3 billion in Q1 FY 2022
    US-based automotive parts distributor Genuine Parts Company announced its results for the first quarter ended 31 March 2022 via a press release dated 21 April.  According to the release, the sales growth is attributable to a 12.3% increase in comparable sales and an 8.1% benefit from acquisitions, partially offset by a 1.8% net unfavorable impact of foreign currency and other.Net income was USD245.8 million, or a diluted earnings per share of USD1.72. This compares to net incom...
    HELLA June-February aftermarket sales up 17% y/y at EUR431 million
    German aftermarket electronics firm and spare parts distributor HELLA has reported a 17.0% year-on-year (y/y) increase in aftermarket sales in the first nine months of the fiscal year 2021–22 (1 June 2021 to 28 February 2022) to EUR431 million (prior year: EUR369 million), according to a press release dated 7 April. The company attributed the increase to growth in its independent spare parts business, which is said to have developed extraordinarily well in many national markets. The busines...
    PARTS iD 2021 net revenue up 11.9% y/y to USD448.7 million
    PARTS iD, a US-based e-commerce company for the automotive parts and accessories, announced its results for the fourth quarter and year ended 31 December, 2021, according to a press release dated 14 March. The company’s net revenue for full year 2021 increased 11.9% to USD448.7 million, compared to USD400.8 million in 2020, primarily due to increases in the conversion rate of 11.3% and in the average order value of 12.9%. The increase in the site conversion rate was primarily attributable t...
    US-based Driven Brands says 2021 revenue USD1.5 billion, up 62%
    Driven Brands Holdings, which claims to be North America’s largest automotive services company, has announced that it continued its strong growth trajectory in 2021 with USD4.5 billion in systemwide sales and USD1.5 billion in revenue, increasing 35% and 62%, respectively, according to a press release dated 7 March. The company opened 247 net new stores in 2021 and also recorded its 13th year of same store sales growth—demonstrating a strong business model and performance through all econ...
    AutoZone reports Q2 net sales USD3.4 billion, up 15.8% y/y
    US-based retailer of aftermarket automotive parts and accessories, AutoZone, reported net sales of USD3.4 billion for its second quarter ended 12 February, an increase of 15.8% from the second quarter of fiscal 2021 (12 weeks), according to a press release dated 1 March. Domestic same store sales, or sales for stores open at least one year, increased 13.8% for the quarter, the release added. For the quarter, operating profit increased 30.1% to USD626.7 million and net income increased 36.4% o...
    Tenneco reports Q4 aftermarket revenue up 1.13 billion, up 4.45% y/y
    US-based automotive components and systems supplier Tenneco announced via a press release on 23 February its financial results for the fourth quarter and full year ended 31 December 2021. The company's Q4 aftermarket and original equipment service revenue (net sales and operating) rose to USD1.13 billion, from USD1.08 billion in Q4 of 2020. The category's value-added revenue stood at USD1.06 billion, an increase over USD1.05 billion during the same period in the previous year. For the full...
    Bridgestone says fiscal 2021 revenue USD28.3 billion, up 20.4% y/y
    Japanese tire manufacturing company Bridgestone Corporation announced via press release on 15 February its consolidated financial results for the fiscal year ending 31 December 2021. The company reported revenue of USD28.3 billion, up 20.4% year-on-year (y/y) and an operating profit of USD3.291 billion, a 503% y/y increase. Profit for continuing operations attributable to owners of parent stood at USD2.6 billion, basic earnings per share stood at USD4.89 and diluted earnin...
    Dorman Products records Q4 2021 net sales at USD398.2 million, up 32% y/y
    Dorman Products, a US based automotive aftermarket company, has reported quarterly net sales in the fourth quarter of 2021 of USD398.2 million, up 32% compared to net sales of USD301.2 million in the fourth quarter of 2020, according to a press release dated 22 February. The company said that the performance reflected robust customer demand across all of the company’s customer channels and was underpinned by a full quarter impact of recently acquired Dayton Parts. Net income for the fourth ...
    LKQ Europe says 2021 revenue at USD6.1 billion, up 10.4% y/y
    LKQ Europe, a subsidiary of US-based LKQ Corporation, announced via a press release on 18 February, that it has registered a revenue growth of 10.4% to USD6.1 billion in 2021, as compared to USD5.5 billion in 2020. In the fourth quarter 2021, the company achieved a revenue growth of 4.4% to USD1.5 billion, as compared to USD1.4 billion in the fourth quarter of 2020. The segment EBITDA margin for full year 2021 was at 10.2% and in the fourth quarter, it was 8.9%. Global revenue of LKQ Corporat...
    Genuine Parts Company 2021 sales at USD18.9 billion, up 14.1%
    US-based automotive parts distributor Genuine Parts Company announced that it registered sales in the fourth quarter ended December 2021 at USD4.8 billion, up 13.0% over USD4.3 billion in the previous year, according to a press release dated 17 February. Of the total sales, the Automotive Group accounted for USD3.2 billion in the fourth quarter, up 13.1% from 2020 and representing 66% of total company revenues. During the quarter, net income from continuing operations was USD256.0 million, or...
    Valvoline Q1 2022 sales up 31% y/y at USD858 million
    Valvoline, a US-based supplier of lubricants and automotive services, announced that in the first fiscal quarter ended 31 December 2021, its sales grew 31% to USD858 million, according to a press release dated 8 February. The company reported net income of USD87 million, flat year-on-year and earnings per diluted share (EPS) of USD0.48, up 2% over the same prior-year period. "Demand for Valvoline's products and services remains robust, as we continue to gain share in both segments. Our team h...
    LKQ Corporation’s FY 2021 sales up 12.6 % y/y to USD13.1 billion
    LKQ Corporation, a Chicago, US-based provider of alternative and specialty parts and services for automobiles and other vehicles, announced in a press release on 17 February that in the year ending December 2021, it has registered sales of USD13.1 billion, an increase of 12.6% as compared to USD11.6 billion for 2020. According to the release, for the full year of 2021, parts and services organic revenue increased 7.9% and other revenue grew 42.5% driven by higher scrap steel and precious meta...
    Advance Auto parts 2021 net sales up 8.8% to USD11.0 billion
    North America-based automotive aftermarket parts retailer, Advance Auto Parts, has announced its financial results for the fourth quarter and full year ended 1 January 2022, according to a press release dated 14 February. The company’s fourth quarter 2021 net sales totaled USD2.4 billion, a 1.3% increase compared with the fourth quarter of the prior year. For full year 2021, the company registered net sales of USD 11.0 billion, up 8.8% from full year 2020. Advance Auto’s 2020 results in...
    O’Reilly Automotive registers 16% y/y sales growth in Q4 2021
    O’Reilly Automotive, US-based automotive aftermarket parts retailer has reported its fourth quarter and full year ended 31 December 2021 results via a press release dated 9 February. Sales for the fourth quarter increased USD463 million, or 16%, to USD3.29 billion from USD2.83 billion for the same period one year ago. Net income for the fourth quarter increased USD126 million, or 32%, to USD519 million (or 15.8% of sales) from USD393 million (or 13.9% of sales) for the same period one ...
    Motorcar Parts of America registers 32% growth in Q3 FY 2022 net sales
    Motorcar Parts of America, a manufacturer and distributor of automotive aftermarket parts, has announced its third quarter results for the fiscal 2022 ended 31 December 2021. The company recorded net sales of USD161.8 million, up 32% over USD122.6 million from a year earlier, “reflecting strong organic growth and favorable industry dynamics”, according to a press release dated 9 February. However, net income stood at USD3.1 million, or USD0.16 per diluted share, compared with USD8.5 ...
    HELLA posts 17.1% y/y aftermarket sales growth in H1 FY 2022
    German aftermarket electronics firm and spare parts distributor HELLA has reported a 17.1% year-on-year (y/y) increase in aftermarket sales in the first six months of the fiscal year 2021–22 from EUR241 million (USD273 million) to EUR283 million (USD321 million), according to a financial filing dated 13 January. The growth was achieved on the back of a strong spare parts business in Germany, Poland, and the Americas. The workshop business received a boost in sales owing to the market launch...
    US automotive protection services provider Ziebart registers sales growth in 2021
    US based automotive protection services provider Ziebart has announced that it ended 2021 with record-breaking sales and franchise growth on the back of robust demand for vehicle care services, according to a company release dated 6 January. The company believes the supply crunch arising out of the automotive chip shortage motivated consumers to invest in optimal care and protection for their existing or recently purchased new or used vehicles. Ziebart recorded an increase of 40% year on year...
    CarMax reports Q3 fiscal year 2022 results
    US-based used vehicle retailer, CarMax, reported results for the third quarter, ended 30 November 2021, via a press release dated 22 December. The company reported net revenues of USD8.5 billion, which is a 64.5% increase as compared with third quarter 2020.  Major highlights of the business performance: Net earnings per diluted share of USD1.63, up 14.8% from a then-record USD1.42 per diluted share a year ago. 415,054 units sold through combined retail and wholesa...
    Indian aftermarket sector grows 29% to USD5.3 billion y/y in H1 FY 2022: ACMA
    India’s automotive aftermarket sector registered 25% growth to USD5.3 billion from USD4.1 billion year on year in the first half of fiscal year (FY) 2022, according to figures released by the Automotive Component Manufacturers Association of India (ACMA), India’s apex component industry body on 21 December. The first two months of FY 2022 (March–April) witnessed subdued activity in the aftermarket as there was a pandemic-induced, near-complete shutdown in the country. How...
    Tenneco releases financial results for Q3 FY 2021
    US-based automotive components and systems supplier Tenneco has announced its results for the third quarter of financial year 2021-22 via a press release on 5 November. The company stated that its third-quarter revenue stood at USD4.3 billion, up 2% over the previous year. Value-add revenue for the third quarter was USD3.3 billion, 2% lower year over year excluding favorable currency impact of USD53 million. The company's Q3 aftermarket and original equipment service revenue ro...
    Voestalpine's H1 FY 21-22 revenue rises 37.8% y/y
    Voestalpine, a steel-based technology and capital goods group headquartered in Austria, records a revenue of EUR7 billion during first half of business year 2021-22 against EUR5.1 billion in first half of business year 2020-21, it announced at a press release on 10 November.  According to the release, the other highlights of the results were: At EUR1 billion, EBITDA is 2.7 times higher year over year At EUR651 million, EBIT reaches very high level (H1 2020-21: EUR215 million...
    Motorcar Parts of America reports strong fiscal 2022 Q2, records net sales of USD175.5 million for the quarter
    Motorcar Parts of America, a manufacturer and distributor of automotive aftermarket parts based in the United States, has announced its net sales for fiscal 2022 Q2 increased 13.5% to USD175.5 million from USD154.7 million a year ago, and 16.7% from the pre-COVID-19 fiscal Q2 two years ago, the company said in an official press release on 9 November. The net sales for the three months ended September 30, 2021 included $13.7 million in core revenue compared with $12.8 million in the pri...
    Dana records sales of USD2.2 billion in Q3 2021, up over 10% y/y
    US-based automotive component supplier Dana Inc has recorded third quarter sales 2021 (July–September) at USD2.20 billion against USD1.99 billion in the same period of 2020, up 10.55% y/y, the company said in a press release on 26 October. Dana said that its third quarter sales grew by USD210 million driven by strong customer demand in heavy-vehicle markets. The company’s adjusted EBITDA for the period was USD210 million, compared with USD201 million for the same period in 2020. “P...
    LIQUI MOLY Jan–Sep sales up 26% to USD644 million
    Germany-based oil and additives manufacturer LIQUI MOLY has announced that the company’s sales in the first nine months of 2021 rose 26% to EUR554 million (USD644 million), the highest ever, the company said in an official press release on 6 October. The company faced many bottlenecks, especially on the supply side, and it believes growth could have been even higher. “It could be even more if we could only get enough ingredients for the production of our oils and additives,” said m...
    NGK sees higher profit for FY 2022 on stronger aftermarket performance
    NGK Spark Plug, a Japan-based ignition and sensor specialist, has announced a revision in its financial forecast for the fiscal year ending 31 March 2022, according to an official notice dated 27 September. According to the revised forecast, the company sees operating profit touching JPY31 billion (around USD277 million), up 34.5% over the previous forecast, profit before income tax at JPY30 billion, up 27.9% over previous forecast and ‘profit attributable to owners of the parent’ co...
    HELLA posts 24.6% y/y aftermarket sales growth in Q1 FY 2022
    German aftermarket electronics firm and spare parts distributor HELLA has reported a 24.6% year-on-year (y/y) increase in aftermarket sales for the first quarter to EUR136 million (USD157 million) from EUR110 million, according to a financial filing dated 28 September. The company said that the aftermarket segment benefited from the positive development of the independent aftermarket business in individual country markets such as Germany, Poland, and the Americas, and from the market launch o...
    Cooper Tire reports 23.3% y/y increase in net sales to USD656 million in Q1 2021
    American tire manufacturer Cooper Tire & Rubber Company has announced its financial results for the first quarter of 2020. According to a press release issued by Cooper Tire on 3 May, the company has posted a net sales figure of USD656 million during the first quarter 2021 period, which implies an increase of 23.3% year over year (y/y) compared to the company registered during the same time period of 2020. The company reported operating income at USD38 million, 5.8% of net sales compared to ...
    NIO’s FY 2020 net sales rise 107.8% y/y to USD2,491.6 million
    Chinese electric vehicle (EV) maker NIO has published its financial results for the 2020 fiscal year (FY). According to a press release issued by the company on 2 March, NIO posted net sales of USD2,491.6 million for the full year 2020, representing an increase of 107.8% from the previous year. The company registered a net loss of USD 812.9 million for the full year 2020, representing a decrease of 53.0% from the previous year. The company delivered 43,728 vehicles in 2020, compared with 20,5...
    LKQ Corporation’s FY 2020 sales fall 7.0 % y/y to USD11.6 billion
    US-based distributor of replacement parts, components, and systems, LKQ Corporation, has published its financial results for the 2020 fiscal year (FY). According to a press release issued by the company on 22 February, LKQ posted net sales of USD11.6 billion, a decline of 7.0 % year on year (y/y) from the USD12.5 billion in net sales generated during FY 2019. For the full year of 2020, net income was USD639 million as compared to USD541 million for the same period in 2019, an increase of 18.1...
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