Reflecting continued momentum in its aftermarket collision parts
business, Keystone Automotive Industries, Inc. reported record results
for its third quarter ended December 27, 2002. Net income for the third
quarter climbed 29.0 percent to $3.6 million, or $0.24 per diluted
share, from $2.8 million, or $0.19 per diluted share, a year ago.
Operating income for the same period climbed 27.6 percent to $5.7
million compared with $4.4 million a year earlier. Net sales for the
third quarter increased 15.3 percent to $108.5 million from $94.1
million last year.
For the nine months, net sales rose 15.3 percent to $316.4 million
from $274.4 million a year ago. Net income for the same period was $9.8
million, or $0.65 per diluted share, compared with a net loss of $26.2
million, or $1.77 per diluted share, a year earlier.
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