First quarter comparable cash earnings per diluted share (Comparable Cash EPS) were $2.39, an increase of 6.2% versus the first quarter last year. These first quarter comparable results exclude $0.11 of amortization of acquired intangible assets and integration costs of $0.28 primarily associated with the acquisition of General Parts International.
Advance Auto Parts announced its financial results for the fourth quarter ended January 3, 2015. Fourth quarter comparable cash earnings per diluted share (Comparable Cash EPS) were $1.37, an increase of 46% versus the fourth quarter last year.
Advance said it was pleased with its results led by strong commercial business in delivering comparable cash EPS growth of approximately 28% and an increase in comparable store sales of 1.5% in the quarter.
Resco began his 32-year aftermarket career in 1982 and progressed through a variety of positions, including general manager, company-owned service centers for Meineke.
The deal catapulted Advance to the No. 1 spot in the Aftermarket Business World Top 25 Auto Chain Report with 5,297 company owned stores, 105 WORLDPAC branches and approximately 1,400 independently owned CARQUEST branded stores.
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