News

Top 5 Stories Of The Week

A recap of the top five stories on aftermarketNews during the week of Nov. 30.

By aftermarketNews Staff

Published: December 4, 2020

First Brands Group Acquires Centric Parts

The acquisition is effective immediately.

Read more here.

Introducing Goodyear Belts

The line, which launches today, will offer belts for both industrial and transportation markets.

Read more here.

APH Acquires Weaver Auto Parts

The Weaver’s 17 locations will be rebranded as Weaver Auto Value and bring APH’s corporate store count to 149.

Read more here.

FDP Creates Remote Learning Center For Employees’ Children

The FDP Momentum Center provides employees’ children with an on-site classroom learning facility and childcare resource.

Read more here.

Advance Recognized For Excellence In Corporate Citizenship

The parts retailer was honored during the U.S. Chamber Foundation’s 21st Annual Citizens Awards.

Read more here.

SMP Announces Q1 2024 Results

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023.

By Emma Henderson

Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]

Published: May 1, 2024

Standard Motor Products, Inc. reported its consolidated financial results for the three months ended March 31, 2024.

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023, the company said. Earnings from continuing operations for the first quarter of 2024 were $9.9 million or $0.44 per diluted share, compared to $12.7 million or $0.57 per diluted share in the first quarter of 2023. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2024 were $10.0 million or $0.45 per diluted share, compared to $13.4 million or $0.61 per diluted share in the first quarter of 2023.

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More News Posts

GPC Acquires Largest NAPA Independent Store Owner in the US

Genuine Parts Company said the acquisition advances its strategic initiative to own more stores in priority markets.

By Mary DellaValle May 1, 2024

GPC Acquires Largest NAPA Independent Store Owner in the US

APA Celebrates ‘Nitro Weekend Giveaway’ Promotion

From April 26-28, eight winners and their guests enjoyed an all-expense-paid trip to Charlotte, NC, to witness the NHRA Four Wide Nationals, including access to Kalitta Motorsport’s hospitality tent.

By Emma Henderson May 1, 2024