Champion Parts Reports Fourth Quarter and Higher Year-End Profits - aftermarketNews

Champion Parts Reports Fourth Quarter and Higher Year-End Profits

Champion Parts, Inc., remanufacturer of automotive parts, reported continued profitability for the fourth quarter, and higher profits for the year, which ended Dec. 31, 2003. Champion Parts, Inc., remanufacturer of automotive parts, reported continued profitability for the fourth quarter, and higher profits for the year, which ended Dec. 31, 2003.

HOPE, AR — Champion Parts, Inc., remanufacturer of automotive parts, reported continued profitability for the fourth quarter, and higher profits for the year, which ended Dec. 31, 2003.

Champion Parts reported net income for the fourth quarter of $221,000, or 6 cents per share, compared to $351,000, or 10 cents per share for the same period in 2002. Net sales increased to $5,869,000, against $5,618,000 in 2002.

For the year 2003, the company reported net income of $1,130,000, or 31 cents per share, compared to $367,000, or 10 cents per share for the same period in 2002. Net sales were $24,038,000, compared to $24,790,000 in 2002.

Champion Parts remanufactures fuel system components, air conditioning compressors, front wheel drive assemblies and other underhood electrical and mechanical products for the passenger car and light truck, agricultural, heavy-duty truck and marine parts aftermarket.

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