Premium Guard Inc. Steps In To Help Mid-South 'Toys For Tots' Effort

Premium Guard Inc. Steps In To Help Mid-South ‘Toys For Tots’ Effort

The U.S. Marine Corps Reserve's "Toys for Tots" risked having to cancel this year's program for the Memphis area after losing its warehouse. The organization gifts new toys to less fortunate children during the holiday season.

Premium Guard Inc. (PGI), a global sourcing platform for automotive replacement parts, provided “Toys for Tots” with a much-needed home – just in time for the holiday season.

The U.S. Marine Corps Reserve’s “Toys for Tots” risked having to cancel this year’s program for the Memphis area after losing its warehouse. The organization gifts new toys to less fortunate children during the holiday season. The “Toys for Tots” mid-South program serves 22 counties across Tennessee, Arkansas and Mississippi.

“Toys for Tots did not have the funds needed to lease or rent a warehouse space,” said Carrol Howard, program coordinator.

Without a warehouse as a home for “Toys for Tots,” the mid-South program had no choice but to start turning away toy donations. As the weeks went on, the organization reached out to their local community for help.

After weeks of calls without no luck. PGI stepped in and donated a 82,500 square foot space in its warehouse in Olive Branch, Mississippi, just in time for the holiday season. “Toys for Tots” will no longer have to turn away toy donations.

“’Toys for Tots’ is one of the most noble charitable organizations in the county,” said Anan Bishara, CEO and president of PGI. “This is the least a company in our position is able to do to give back to the community. It is a privilege to be able serve a great cause and an amazing organization. PGI is happy to be able to help the thousands of families that benefit from this program.”

You May Also Like

Standard Motor Products Releases Q4, 2023 Year-End Results

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.

Financial-results

Standard Motor Products, Inc. released its consolidated financial results for the fourth quarter and full year ending December 31, 2023. The company reported fourth-quarter net sales of $290.8 million, compared to $308.2 million in the same period in 2022. Earnings from continuing operations for the quarter were $7.2 million or $0.32 per diluted share, down from $8.5 million or $0.39 per diluted share in Q4 2022. Excluding non-operational gains and losses, earnings were $8.2 million or $0.37 per diluted share, compared to $15.1 million or $0.69 per diluted share in the previous year.

Phinia Reports Q4 Results & 2024 Outlook

Phinia reported that it expects strong earnings and cash generation in 2024, driven by operational efficiencies, and growth in aftermarket sales.

financial results
GPC Delivers on 2023 Financial Goals

GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.

MPA Reports Strong Financial Results for Fiscal Q3 2024

MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.

O’Reilly Reports Q4, Full-Year 2023 Financial Results

The company said it anticipates continued growth in 2024, with projections including 190 to 200 net new store openings.

financial results

Other Posts

PGI Wins Quality Award from NAPA Auto Parts

Premium Guard, Inc. was recognized for its leadership and excellence in quality.

PGI Wins Quality Award from NAPA Auto Parts
Valvoline, Inc. Reports Q1 Growth

Valvoline saw an increase in system-wide stores to 1,890, including 895 company-operated stores and 995 franchised stores in Q1.

Valvoline Instant Oil Change building
Eaton Reports Record Q4 2023 Results

Fourth-quarter sales reached $6 billion, an 11% increase from the previous year, driven by organic growth and a slight boost from foreign exchange.

Premium Guard Unveils Line of Premium Transmission Filter Kits

The kits are equipped with an OE-style reusable gasket, which is made with high-grade steel and coated with high-quality NBR rubber.

Premium Guard Unveils Line of Premium Transmission Filter Kits