Precision Auto Care Reports Second Quarter Results - aftermarketNews

Precision Auto Care Reports Second Quarter Results

Precision Auto Care reported a profit of approximately $266,000 or $0.01 per share for the fiscal quarter ending December 31, 2003, compared with a profit of $6.6 million or $0.44 per share for the comparable prior year quarter.

LEESBURG, VA — Precision Auto Care reported a profit of approximately $266,000 or $0.01 per share for the fiscal quarter ending December 31, 2003, compared with a profit of $6.6 million or $0.44 per share for the comparable prior year quarter.

“For the sixth consecutive quarter, we have generated positive EBITDA,” said Robert Falconi, president and COO. “Given the addition of some new Area Developers and other initiatives that we are taking to grow the number of centers and same store sales, I am hopeful that we will begin to see revenue increases in the months and years ahead of us. As we grow, we should be able to keep a tight lid on costs and raise our profit margin.”

To learn more about Precision Auto Care, go to: www.precisiontune.com.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

How PE Firms Execute Global M&A Opportunities

O’Dwyer discusses how private equity firms work with auto industry execs to pursue global M&A opportunities, among other topics.

How-PE-Firms-Execute-Global-MA-Opportunities

GlobalAutoIndustry.com’s latest Audio Interview "How PE Firms Work with Auto Industry Executives in Executing Global M&A Opportunities” features Gerald O’Dwyer.

O’Dwyer is managing director, as well as managing director Latin America, for Chicago-based Blackmore Partners, a U.S. based private equity firm. He is a senior-level executive, business leader, and strategic advisor with a unique depth and breadth of experience across private equity, Fortune 500 public, family owned, and VC-backed organizations in complex startup, early phase, high-growth, turnaround, and resource-mature environments, according to GlobalAutoIndustry.com.

Women at the Wheel: Ashley D’Avico-Joines

D’Avico-Joines is the owner of D’Avico’s Auto Repair in Wayne, PA.

WATW_Davico-Joines
Gravity Releases Universal EV Charging ‘Trees’

The ‘trees’ require no utility upgrades and are capable of providing 200 miles of range in either 13 minutes (200kW) or 5 minutes (500kW).

Gravity releases universal EV charging ‘trees’ for city streets
Snap-on TSS Onsite at SkillsUSA in Atlanta

The national leadership and skills conference will take place June 24-28, at the Georgia World Congress Center.

Snap-on-TSS-Onsite-at-SkillsUSA-in-Atlanta
Tint World Continues Expansion in Colorado

The company has added its fourth location in the state.

Tint-World-Continues-Expansion-in-Colorado

Other Posts

NTT Data, DENSO Sign MOU for Strategic Partnership

The companies plan to create a globally deployable software-oriented mobility service platform.

DENSO Announces Year-End Financial Results
Bollinger Motors Sells Chassis Cabs to Momentum Groups

Bollinger will sell 80 all-electric Class 4 commercial trucks to Momentum.

Bollinger Motors Announces Sale of Chassis Cabs to Momentum Groups
Women at the Wheel: Sara Creighton

Creighton is the office manager at Smyth Automotive, with 26 locations throughout Ohio, Kentucky, Indiana and Tennessee.

WATW_Sara_Creighton
Continental Names Head of Automotive Aftermarket & OES

Stefan Feder has been with the company since 2004 and held a variety of leadership roles within Continental.

Continental Names Head of Automotive Aftermarket & OES