Advance Auto Parts Q2 Profit Climbs - Quick Facts

(RTTNews) - Advance Auto Parts, Inc. (AAP) posted higher second-quarter 2014 reported net income of $139.49 million, or $1.89 per share, versus the previous year's $116.87 million, or $1.59 per share.

Excluding items, comparable cash earnings per share for the recent quarter stood at $2.08. On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $2.01 per share for the quarter. Analysts' estimates typically exclude special items. These second-quarter comparable results exclude $0.08 of amortization of acquired intangible assets, integration costs of $0.08 associated with the acquisition of General Parts International, Inc. and $0.02 of integration costs associated with the integration of B.W.P. Distributors, Inc.

The firm clocked net sales of $2.35 billion in the quarter, up 51.5%, compared with $1.55 billion last year, driven by the acquisition of General Parts, solid execution delivering a comparable-store sales growth of 2.6% and the addition of new stores over the past year. Wall Street expected revenues of $2.32 billion for the quarter.

Yesterday, the board declared a regular quarterly cash dividend of $0.06 per share, payable on October 3, 2014 to stockholders of record as of September 19, 2014.