Articles from Advance Auto Parts, Inc.
Advance Auto Parts Reports Third Quarter 2024 Results and Completes Comprehensive Review of Operational Productivity
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the third quarter ended October 5, 2024.
By Advance Auto Parts, Inc. · Via Business Wire · November 14, 2024
Advance Auto Parts Announces Closing of Sale of Worldpac to Carlyle
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, today announced the close of the sale of Worldpac, Inc. to global investment firm Carlyle (NASDAQ: CG). The sale agreement was announced on Aug. 22, 2024 with a transaction value of $1.5 billion. The company estimates net proceeds of approximately $1.2 billion after taxes and transaction costs.
By Advance Auto Parts, Inc. · Via Business Wire · November 4, 2024
Advance Auto Parts Announces Date for Third Quarter 2024 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report financial results for its third quarter ended October 5, 2024, before the market opens on Thursday, November 14, 2024. The company has scheduled a conference call and webcast to begin at 8:00 a.m. ET on Thursday, November 14, 2024.
By Advance Auto Parts, Inc. · Via Business Wire · October 24, 2024
Advance Auto Parts Reports Second Quarter 2024 Results
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 13, 2024.
By Advance Auto Parts, Inc. · Via Business Wire · August 22, 2024
Advance Auto Parts Announces Sale of Worldpac to Carlyle for $1.5 Billion
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that it has entered into a definitive agreement to sell Worldpac, Inc., an automotive parts wholesale distribution business, to funds managed by global investment firm Carlyle (NASDAQ: CG) for $1.5 billion in cash. The transaction is expected to close before the end of the year.
By Advance Auto Parts, Inc. · Via Business Wire · August 22, 2024
Advance Auto Parts Announces Date for Second Quarter 2024 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installers and do-it-yourself customers, will report its second quarter 2024 results before the market opens on Thursday, August 22, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Thursday, August 22, 2024. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
By Advance Auto Parts, Inc. · Via Business Wire · August 1, 2024
CORRECTING and REPLACING Advance Auto Parts Reports First Quarter 2024 Results
In the first table, labeled "Full Year 2024 Guidance," the figure under the "High" column for "Net Sales" should read 11,400 (instead of 11,500). Additionally, footnote one in the Adjusted Debt to Adjusted EBITDAR has been updated to add clarification.
By Advance Auto Parts, Inc. · Via Business Wire · May 29, 2024
Advance Auto Parts Announces Merchandising Leadership Changes; Names Bruce Starnes Executive Vice President, Chief Merchant
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that Ken Bush, senior vice president, chief merchant, will retire from the company after nearly 20 years and be succeeded by Bruce Starnes, who has been named executive vice president, chief merchant, effective June 24, 2024.
By Advance Auto Parts, Inc. · Via Business Wire · May 29, 2024
Enough is Enough! Advance Auto Parts Survey Reveals More Americans will Hit the Road this Summer Due to Air Travel Stress, Safety Concerns
Americans seem to be hitting a breaking point with air travel, with 67 percent saying they’ve had a trip negatively impacted or ruined because of problems with air travel during the last 12 months,* according to new data from Atomik Research, released today by Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider.
By Advance Auto Parts, Inc. · Via Business Wire · May 21, 2024
Advance Auto Parts Announces Date for Its First Quarter 2024 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its first quarter results before the market opens on Wednesday, May 29, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, May 29, 2024. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
By Advance Auto Parts, Inc. · Via Business Wire · May 7, 2024
Advance Auto Parts Appoints Three New Independent Directors
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately. In connection with these appointments, the company has entered into a cooperation agreement with Third Point LLC (together with its affiliates, “Third Point”) and Saddle Point Management, L.P. (together with its affiliates, “Saddle Point”).
By Advance Auto Parts, Inc. · Via Business Wire · March 11, 2024
Advance Auto Parts Reports Fourth Quarter and Full Year 2023 Results
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the fourth quarter and full year ended December 30, 2023.
By Advance Auto Parts, Inc. · Via Business Wire · February 28, 2024
Advance Auto Parts Announces Date for Its Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its fourth quarter and full year 2023 results before the market opens on Wednesday, February 28, 2024. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, February 28, 2024. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
By Advance Auto Parts, Inc. · Via Business Wire · February 14, 2024
Advance Auto Parts Names Elizabeth Dreyer Chief Accounting Officer
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed Elizabeth Dreyer as senior vice president, controller and chief accounting officer, effective January 9, 2024. In this role, Dreyer will be responsible for enterprise-wide accounting operations, tax, external financial reporting and all related compliance.
By Advance Auto Parts, Inc. · Via Business Wire · January 5, 2024
Advance Auto Parts Appoints Ryan Grimsland as Executive Vice President and Chief Financial Officer
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that it has appointed Ryan Grimsland as executive vice president and chief financial officer, effective November 27, 2023. Tony Iskander, who has served as interim chief financial officer since August 2023 will continue in his role as senior vice president, finance and treasurer.
By Advance Auto Parts, Inc. · Via Business Wire · November 15, 2023
Advance Auto Parts Reports Third Quarter 2023 Results and Provides Updates on Strategic and Operational Review
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the third quarter ended October 7, 2023.
By Advance Auto Parts, Inc. · Via Business Wire · November 15, 2023
Advance Auto Parts Announces Date for Its Third Quarter 2023 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its third quarter 2023 results before the market opens on Wednesday, November 15, 2023. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, November 15, 2023. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
By Advance Auto Parts, Inc. · Via Business Wire · October 25, 2023
Advance Auto Parts Names National Refrigerants 2023 Vendor Partner of the Year
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider, presented its 2023 Vendor of the Year Awards during the company’s annual Partner Summit, held on Monday, Oct. 16, in Raleigh, N.C. During the event, Advance honored several vendors for their partnership and performance over the past year.
By Advance Auto Parts, Inc. · Via Business Wire · October 19, 2023
Advance Auto Parts Announces Executive Leadership Changes
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, today announced that its board of directors has appointed Shane O’Kelly as president and chief executive officer, effective September 11, 2023. Mr. O’Kelly will succeed Tom Greco, who has served as president and CEO since April 2016. Mr. Greco announced his planned retirement in February 2023 and will stay on as an advisor to ensure a seamless transition.
By Advance Auto Parts, Inc. · Via Business Wire · August 23, 2023
Advance Auto Parts Reports Second Quarter 2023 Results
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 15, 2023. The company also announced that it has initiated a comprehensive operational and strategic review.
By Advance Auto Parts, Inc. · Via Business Wire · August 23, 2023
Advance Auto Parts Announces Dates for Its Second Quarter 2023 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report its second quarter 2023 results before the market opens on Wednesday, August 23, 2023. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, August 23, 2023. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
By Advance Auto Parts, Inc. · Via Business Wire · August 2, 2023
Advance Auto Parts Comments on TRC Capital “Mini-Tender” Offer
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, has been notified that TRC Capital Investment Corporation (TRC) has made an unsolicited “mini-tender” offer to purchase up to 1,000,000 shares of Advance Auto Parts stock at $65.75 per share, or 4.43 percent below the closing price of the company’s stock on July 10, 2023, the last trading day before the date of the offer. As of today, TRC offer price is 6.9 percent below the closing price of the company’s stock on July 14, 2023.
By Advance Auto Parts, Inc. · Via Business Wire · July 17, 2023
Advance Auto Parts Reports First Quarter 2023 Results
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, that serves both professional installer and do-it-yourself customers, announced its financial results for the first quarter ended April 22, 2023.
By Advance Auto Parts, Inc. · Via Business Wire · May 31, 2023
Autodrome Granby Wins Advance My Track Challenge, $50,000 from Advance Auto Parts
Autodrome Granby, located in Granby, Quebec, Canada, has won this year’s Advance My Track Challenge and the US$50,000 grand prize offered by Advance Auto Parts (NYSE: AAP), a leading automotive aftermarket parts provider and the official auto parts retailer of NASCAR.
By Advance Auto Parts, Inc. · Via Business Wire · May 23, 2023
Advance Auto Parts Announces Dates for Its First Quarter 2023 Earnings Release and Conference Call
Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, will report first quarter 2023 results before the market opens on Wednesday, May 31, 2023. Interested parties can listen to the event via a webcast scheduled to begin at 8:00 a.m. Eastern Time on Wednesday, May 31, 2023. The webcast will be accessible via the company’s Investor Relations website (ir.AdvanceAutoParts.com).
By Advance Auto Parts, Inc. · Via Business Wire · May 10, 2023