Sorl Auto Parts (SORL) Tops Q1 EPS by 24c

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Go back to Sorl Auto Parts (SORL) Tops Q1 EPS by 24c

SORL Auto Parts Reports a 44.1% Sales Increase in the First Quarter of 2018

May 15, 2018 6:00 AM EDT

ZHEJIANG, China, May 15, 2018 /PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or the "Company"), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced today its unaudited financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Financial Highlights

Net sales for the 2018 first quarter increased by 44.1% to $107.7 million from $74.4  million in the first quarter of 2017; Net sales by segment grew by 33.5%, 73.2% and 27.9% in the OEM, aftermarket and international markets, respectively,  in... More