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Firms report robust sales.(News)

Tire Business, August, 2007

Seven tire industry and automotive aftermarket companies reported buoyant sales during their most recent quarters.

American Tire Distributors Holdings Inc. (ATD), Monro Muffler Brake Inc., Myers Industries Inc., Pep Boys-Manny, Moe & Jack, Titan International Inc., Toyo Tire & Rubber Co. Ltd. and Yokohama Rubber Co. Ltd. all posted double-digit gains in sales, but not all saw earnings follow the sales increases.

American Tire Distributors

ATD posted a 16.9-percent increase in sales for the second quarter as the firm also swung to a profit of $1.14 million from a net loss last year.

The wholesaler's sales rose to $469.6 million in the quarter, up from $401.6 million a year ago. The net income offset a loss of $3.49 million a year...

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