Standard Motor Products Inc. has announced that its board of directors has authorized the purchase of up to $20 million of its common stock under a stock repurchase program.
The company intends to fund the stock repurchase program through its revolving credit facility. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes, including funding existing equity compensation plans.
President and CEO Shane O’Kelly said Advance continues to act with a sense of urgency to “return to profitable growth.”
Advance Auto Parts, Inc. recently announced its financial results for the fourth quarter and full year ended December 30, 2023. Shane O'Kelly, president and CEO, said as the company closed out 2023 it "continued to act with a sense of urgency to stabilize the business and position the company to return to profitable growth."
During the quarter, AutoZone opened 19 new stores in the U.S., while adding six new stores in Mexico and four in Brazil.
For the full-year 2023, Dana reported sales of $10.6 billion, up from $10.2 billion in 2022.
President and CEO Dominick Zarcone expressed satisfaction with the company’s results amid macroeconomic challenges.
Eric Sills, chairman and CEO, said the company is looking to continue to find ways to better service customers and explore opportunities to partner for growth in 2024.
They are prepackaged A/C kits assembled and shipped in one package with everything customers need to perform a successful A/C repair.
Phinia reported that it expects strong earnings and cash generation in 2024, driven by operational efficiencies, and growth in aftermarket sales.
GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.
MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.
