U.S. Auto Parts Reports Third Quarter 2018 Results

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Go back to U.S. Auto Parts Reports Third Quarter 2018 Results

U.S. Auto Parts Network (PRTS) Reports Q3 EPS of $0.44, Revenues Miss

October 29, 2018 4:02 PM EDT

U.S. Auto Parts Network (NASDAQ: PRTS) reported Q3 EPS of $0.44, versus $0.00 reported last year. Revenue for the quarter came in at $69.5 million versus the consensus estimate of $76.97 million.

Net sales were $69.5 million compared to $73.8 million.Gross margin was 27.4% compared to 29.6%.Net income was $0.4 million, or $0.01 per share, compared to $0.9 million or $0.02 per diluted share.Adjusted EBITDA (a non-GAAP measure defined below) was $2.5 million compared to $3.6 million.Ended the quarter with no revolver debt.

Third Quarter 2018 Operational Highlights vs. Year-Ago Quarter

Conversion rate increased 70 basis points to... More