Key Developments: Advance Auto Parts Inc (AAP)

AAP on New York Consolidated

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Advance Auto Parts Inc Readies $1.6 Billion Credit For General Parts Buy-Reuters
Wednesday, 6 Nov 2013 05:14pm EST 

Reuters reported that Advance Auto Parts Inc is expected to tap the markets on November 08, 2013 with a $1.6 billion credit facility. JP Morgan, Bank of America Merrill Lynch, SunTrust and Wells Fargo are leading the deal. The facility comprises a $1 billion, five-year revolver and a $600 million, five-year term loan. The loans will back the Company's $2.04 billion acquisition of General Parts International Inc (GPII). The Company said it intends to finance the all-cash acquisition through a combination of senior notes, bank debt and existing cash on hand. A senior notes offering and bank debt syndication were expected to occur prior to closing.  Full Article

Advance Auto Parts Inc Declares Dividend
Thursday, 31 Oct 2013 08:30am EDT 

Advance Auto Parts Inc announced that on October 30, 2013, the Company's Board of Directors declared a regular quarterly cash dividend of $0.06 per share to be paid on January 3, 2014 to stockholders of record as of December 20, 2013.  Full Article

Advance Auto Parts Inc Issues Q3 2013 EPS Guidance; EBIT Guidance Above Analysts' Estimates; Reaffirms FY 2013 EPS Guidance
Wednesday, 16 Oct 2013 06:00am EDT 

Advance Auto Parts Inc announced that for third quarter of 2013, it expects operating income to be $170.7 million and earnings per diluted share (EPS) to be $1.42. Included in the Company EPS results are $0.04 of transaction related expenses related to the Company pending acquisition of GPII and $0.02 of BWP integration expense. The Company also reaffirmed its previously released EPS fiscal 2013 annual outlook of $5.30-$5.45. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBIT of $165.3 million for third quarter of 2013.  Full Article

Advance Auto Parts Inc To Buy General Parts International Inc For Just Over $2 Billion-Reuters
Wednesday, 16 Oct 2013 12:51am EDT 

Reuters reported that according to the Wall Street Journal Advance Auto Parts Inc plans to buy closely held General Parts International Inc for just over $2 billion. The deal, expected to be announced on October 16, 2013. Advance Auto and General Parts were not immediately available for comment outside of regular U.S. business hours.  Full Article

Advance Auto Parts Inc Reaffirms FY 2013 EPS Guidance-Conference Call
Thursday, 8 Aug 2013 10:00am EDT 

Advance Auto Parts Inc announced that for fiscal 2013, it continue to be confident at this time in its ability to deliver the previously shared earnings per share (EPS) annual outlook of $5.30 to $5.45.  Full Article

Advance Auto Parts Inc Declares Dividend
Thursday, 8 Aug 2013 08:30am EDT 

Advance Auto Parts Inc announced that the Company's Board of Directors declared a regular quarterly cash dividend of $0.06 per share to be paid on October 4, 2013 to stockholders of record as of September 20, 2013.  Full Article

Advance Auto Parts Inc Lowers FY 2013 Comp Store Sales Guidance; Sees FY 2013 EPS Guidance At Lower End Of Prior Range-Conference Call
Thursday, 23 May 2013 10:00am EDT 

Advance Auto Parts Inc announced that for fiscal 2013, it expects comp store sales to be flat to slightly positive. The Company will continue to make the appropriate adjustments to costs, in a disciplined way, to adjust to these sales trends. It is still early enough in the year that the Company is maintaining annual outlook. But given the softness in first quarter and slow start to spring, the Company now expect it will be at the lower end of previously shared annual outlook of $5.30 to $5.45.  Full Article

Advance Auto Parts Inc Declares Regular Quarterly Cash Dividend
Thursday, 23 May 2013 08:30am EDT 

Advance Auto Parts Inc announced that on May 21, 2013, the Company's Board of Directors declared a regular quarterly cash dividend of $0.06 per share to be paid on July 5, 2013 to stockholders of record as of June 21, 2013.  Full Article

Advance Auto Parts Inc Lowers FY 2013 EPS Guidance-Conference Call
Wednesday, 10 Apr 2013 12:30pm EDT 

Advance Auto Parts Inc announced that for fiscal 2013, it expects EPS outlook to be in the range of $5.30 to $5.45. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $5.59 for fiscal 2013.  Full Article

Advance Auto Parts Inc Appoints George Sherman As President
Thursday, 4 Apr 2013 04:15pm EDT 

Advance Auto Parts Inc announced that George Sherman will be joining the Company as President. As a result of these changes, Darren Jackson, President and CEO will continue to operate as the Company's Chief Executive Officer (CEO) and will focus on strategic and leadership development.  Full Article

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