U.S. Auto Parts Network (PRTS) Tops Q1 EPS by 5c
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U.S. Auto Parts Network, Inc. Reports First Quarter 2015 Results
May 11, 2015 4:08 PM EDTCARSON, Calif., May 11, 2015 /PRNewswire/ -- U.S. Auto Parts Network, Inc. (NASDAQ: PRTS), one of the largest online providers of automotive aftermarket parts and accessories, today reported net sales for the first quarter ended April 4, 2015 ("Q1 2015") of $76.39 million compared with the first quarter ended March 29, 2014 ("Q1 2014") of $68.03 million, an increase of 12.3% from Q1 2014. Q1 2015 net income for Base USAP was $0.19 million compared with Q1 2014 net income of $0.68 million. Excluding AutoMD, the Company generated adjusted EBITDA of $2.85 million compared to $3.37 for Q1 2014. For further information regarding Adjusted EBITDA, including a reconciliation of... More
