Advanced auto came through with a very nice earnings beat versus expectations. Although the revenues were less than anticipated, I think it may be indicating that they are moving well on integrating their acqusition's operations.
In 2014, AAP purchased General Parts International, which was a huge acqusition. The acqusition increased their debt by 60% and they have been paying that down to where they were at year end 2013, I was hoping that they would further reduce their leverage this year, but their LTD was essentially the same at the end of the previous year. On a positive note, they increased their CF from operations, financing and investing to a significant degree.
While I need to look further into the details, it looks as if they are moving in the proper direction with getting General Parts integrated into their operations.
Gentlemen, start your engines!
