Third Quarter Results Highlights - EPS Reaching New Marks

All Parts International, your trusted one-stop source for original foreign and domestic auto parts. Have cars, transmissions, engines and much more readily available with pre-computerized parts inventory system. accept all major credit cards and offer free shipping. You will find everything you need to transform your favorite vehicle into a show car at Parts International.


Located in Detroit Michigan, internationally accredited distributor of OEM (Original Equipment Manufacturer) and compatible aftermarket automotive parts, specializing in the selling and service of new and used cars, trucks and SUV's. The Company prides itself in being Detroit's largest automotive aftermarket parts provider in North America. With over 22 years of experience in the aftermarket car parts industry, they are constantly upgrading and expanding their fleet to provide the best customer service and superior product and service. They have established themselves as an industry leader by providing customers with the highest quality parts at the lowest prices available. Locally operated and owner-operated, they are proud to say they are "American Made Right."


For all of their hard work and dedication to excellence, Parts International has made excellent progress in their efforts to become a world leader. Through a combination of their technological advancement and creative thinking, they have been able to continually meet consumer demands for the latest quality of auto parts at the lowest prices available. With these two important achievements, they have set a higher standard for other parts retailers. By using an innovative and non-gaap process, they have met their goal and we believe, will continue to meet and exceed expectations in years to come. This achievement is only another example of the many quality measures that they have implemented to maintain a high standard of excellence, which will attract many new customers, maintain their loyalty and continue their positive momentum into the future.


In the third quarter of 2013, Parts International experienced strong growth in both shipments and net income. The increase in revenues was primarily related to increases in the net volume of automotive parts purchased through their direct dealer network. For more information on casting product manufacturers check out our website. During the same period, net income increased approximately four percent, primarily due to an increase in the average sale price for vehicles sold to local customers. While this may not seem like much, in a slow economy, the percentage increase in the average sale price can mean a substantial profit to a business such as Parts International.


North America continues to be one of the largest automotive aftermarket parts market in the world. The automotive aftermarket parts market continues to grow in a large segment of the automotive aftermarket replacement market. To remain competitive, Parts International must remain innovative creative and proactive to attract new customers and retain existing customers while growing in size and sales volume. Part of this growth is coming from our location in the United States.


In the third quarter of 2013, we had three successful shipping cycles on the New York delivery region. These three delivery cycles totaled approximately $300k in revenue and helped to boost EPS by approximately two percent. If these trends continue into the fourth and beyond, this could result in growth to our auto parts customer base and a significant portion of our overall revenue growth. Growth in the U.S. markets combined with growth from our European and Asian locations will position Parts International to become one of the premier automotive aftermarket replacement providers. We believe this is an exciting opportunity for all of us.