Uni-Select Inc. Net Profits Increased by 20.8 Percent in the First Quarter of 2004
Uni-Select Inc. recorded an increase in net profits of 20.8 percent this year to attain U.S. $4.14 million or $0.23 per share compared to $3.43 million or $0.19 per share for the corresponding period a last year. Sales improved to $175.8 million in the first quarter of 2004, an increase of 6.2 percent versus sales of $165.6 million in the first quarter of 2003.
Holley NHRA National Hot Rod Reunion Gives Bowling Green $3.5 Million Economic Boost
When participants and fans cruise into Bowling Green, Ky., for the June 18-20 Holley NHRA National Hot Rod Reunion, they’ll bring their hot rods, cool cars…and their wallets. It’s estimated the Reunion, presented by DuPont Automotive Refinishes, and now in its second year at Beech Bend Raceway Park, will generate more than $3.5 million to the Warren County area, which is more than 2.19 percent of the almost $161 million economic impact of tourism on Bowling Green for the year, according to the Bowling Green Area Convention and Visitors Bureau.
Tap Into Technology Solutions at Aftermarket eForum 2004
Make your plans now to attend the 2004 Aftermarket eForum — Solutions Today for Tomorrow’s Technology Challenges, scheduled to take place August 2-4 at the Hyatt Regency O’Hare in Chicago, Ill. Aftermarket eForum, supported by University of the Aftermarket, is the only conference focused exclusively focused on the automotive aftermarket. Building on the success of the past three years, the 2004 eForum will feature an expanded format that includes breakout sessions and a full vendor trade show. Topics will include data synchronization, paperless warehouse operation, automated replenishment, data mining and e-commerce for small business.
LKQ Corp. Announces First Quarter 2004 Results
LKQ Corp. has reported results for its first quarter, which ended on March 31. The company reported revenues of $100.1 million and net income of $5.6 million, representing growth over the first quarter of 2003 of 26.3 percent and 43 percent, respectively.
Gessford Machine Inc. Named 2004
George Anderson, owner of Gessford Machine in Hastings, Neb., has been named the 2004 “Machine Shop of the Year” award by Engine Builder magazine and the Engine Rebuilders Association (AERA). AERA is a not-for-profit trade association, serving the engine rebuilder/remanufacturing industry, machine shops, equipment, parts and services suppliers since 1922.
Victor Reinz Names Machinist of the Year
Victor Reinz has named its Victor Reinz Machinist of the Year. Along with the AERA and the ASE, Clevite Engine Parts established the Victor Reinz Machinist of the Year Award in order to recognize the valuable contributions machinists make to the automotive rebuilding industry. This year’s award was presented at the AERA New Products Showcase in Las Vegas, Nev. on April 23, 2004.
DST Asks: Does Your Business System Include Enhancements to Help Manage and Collect Outstanding Receivables?
Regardless of the size of your business, accounts receivable collections and credit management are a never ending task. Having proper credit and collections procedures in place that are solely dependent upon the utilization of your personnel’s time can be a costly endeavor. Technology can dramatically reduce those costs.
Goodyear Launches First Product-Driven Advertising Campaign in Five Years
Goodyear Tire & Rubber has launched an aggressive media campaign in support of its new Assurance brand of tires. Goodyear’s 30-second television commercial for Assurance debuted yesterday on both network and cable television. The commercial is being aired on ABC, CBS and NBC, along with ESPN, MSNBC, TBS, CNBC, The Discovery Channel and The History Channel.
Executive Interview with Kathleen Schmatz, President and CEO of AAIA
Our latest edition of “Executive Interview” features Kathleen Schmatz, President and CEO of the Automotive Aftermarket Industry Association (AAIA). Schmatz became president and CEO of AAIA on Jan. 1, 2004. She had served as executive vice president of the association since January 2002. In addition to filling us in on her first few months at her new post, Schmatz shared with aftermarketNews.com updates on AAIA’s merger with AWDA, Right to Repair legislation and the Be Car Care Award Campaign.
Executive Interview with Rex Falkenrath, Founder and CEO of Hi-Tech Engine Components
Our latest edition of “Executive Interview” features Rex Falkenrath, founder and CEO of Hi-Tech Engine Components. Falkenrath founded Hi-Tech in August of 1973. With more than 31 years in business, Hi-Tech Engine Components has developed a full line of engine parts and kits sold nationally through parts store chains and program distribution groups. Join us as we learn more about Hi-Tech Engine Components and the engine parts market.