Financial
Advance Auto Parts Launches Senior Notes Offering
Advance said it intends to use the net proceeds from this offering for general corporate purposes.
Read More
Advance said it intends to use the net proceeds from this offering for general corporate purposes.
The data through February were unlikely to have been affected much by the COVID-19 outbreak.
The acquisition brings together two premier tire collection and recycling companies to create a new national footprint.
More than 400 scholarships, ranging from $1,000 to $5,000, will be awarded for the 2020-‘21 school year.
Revenues in the fourth quarter of 2019 were $189.5 million compared to $223.6 million in the prior year period, a decrease of 15.3 percent.
The company reported sales of $142.3 million, an increase of $4.5 million.
The company has initiated a corresponding filing in the United States under Chapter 15.
The company intends to fund the stock repurchase program through its revolving credit facility.
Operating profit increased 2.0% to $407.9 million.
Net sales for the 4th quarter of 2019 were $310 million, compared to net sales of $379 million in the prior year period.
