REPUBLIC REPORTS 1996 RESULTS.BRENTWOOD Brentwood, city and district, England Brentwood, city (1991 pop. 51,212) and district, Essex, SE England. Brentwood is mainly residential but produces some agricultural equipment, film, and prefabricated concrete. , Tenn.--(BUSINESS WIRE)--Feb. 20, 1997--Republic Automotive Parts, Inc. (Nasdaq/NM: RAUT) today reported sales and earnings for the fourth quarter and year ended December December: see month. 31, 1996. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the fourth quarter totaled $45.0 million, compared with $41.5 million in the prior-year period. For the fourth quarter, the Company reported net income of $1.1 million, or $0.31 per share, compared with net income of $413,000, or $ 0.12 per share, for the same period in 1995. For the year ended December 31, 1996, net sales amounted to $184.8 million, compared with $154.6 million in 1995. For 1996 the Company reported net income of $5.1 million, or $1.42 per share, compared with net income for 1995 of $1.9 million, or $0.53 per share. The net income for 1995 includes a charge, net of taxes, of $1.3 million, or $0.37 per share, related to a litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. verdict. "Republic continued its progress in 1996," remarked Keith Keith may refer to: People with the given name Keith:
Thompson, city (1991 pop. 14,977), central Man., Canada, on the Burntwood River. A mining town, it developed after large nickel deposits were discovered in the area in 1956. , president. "Although the automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. as a whole remains very competitive, we benefited during 1996 from the acquisitions completed in the prior year as well as the ongoing expansion of our Fenders & More subsidiary which specializes in the distribution of automotive body parts." Republic Automotive Parts, Inc. distributes replacement parts for the automotive aftermarket through 16 distribution centers and 95 auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
REPUBLIC AUTOMOTIVE PARTS, INC.
Financial Highlights
Three Months Ended
December 31,
1996 1995
Net sales $44,954,000 $41,538,000
Net income $1,126,000 $ 413,000
Earnings per share $ 0.31 $ 0.12
Year Ended
December 31,
1996 1995
Net sales $184,810,000 $154,611,000
Net income $5,095,000 $1,884,000
Earnings per share $ 1.42 $ 0.53
CONTACT: Republic Automotive Parts, Inc., Brentwood Donald B. Hauk, 615/373-2050, Ext. 117 |
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