REPUBLIC REPORTS FIRST QUARTER 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)--May 2, 1997--Republic Automotive Parts, Inc. (Nasdaq/NM: RAUT) today reported results for the first quarter of 1997. 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 three months ended March 31, 1997 totaled $45.8 million compared with $44.3 million for the first quarter of 1996. Net income for the quarter amounted to $820,000, or $0.23 per share, compared with $814,000, or $0.23 per share, a year ago. 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, remarked, "Consumer demand for replacement automotive parts was generally soft during the first quarter on an industry-wide basis. We were able to report higher net sales for the period because of the continuing growth of our Fenders & More business unit. The gain from Fenders & More reflects the four distribution centers that were opened during the past year and the acquisition in the fourth quarter of 1996 of Signal Bumper Exchange, a Fort Oglethorpe O·gle·thorpe , James Edward 1696-1785. English soldier, philanthropist, and colonizer. He secured a charter for the colony of Georgia (1732) as a refuge for unemployed debtors newly released from prison. , Georgia-based distributor of auto body parts. Our results for the first quarter also reflect some one-time costs related to the decision to consolidate our Greensboro and Charlotte centers to improve operating efficiency." Republic Automotive Parts, Inc. distributes replacement parts for the automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. through 15 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
(Unaudited)
Three Months Ended
March 31,
1997 1996
Net sales $45,785,000 $44,296,000
Net income $ 820,000 $ 814,000
Earnings per share $ 0.23 $ 0.23
CONTACT: Republic Automotive Parts, Inc., Brentwood Donald B. Hauk, 615/373-2050, Ext. 117 |
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