American Tire Distributors Inc. – Sales Down, Profits Up

US national distributor American Tire Distributors Inc (ATD) has reported its figures for 2002. Net sales declined 4.3 per cent to $1.

06 billion, while pre-tax profits in 2002 were $12.9 million, compared to a pre-tax loss in 2001 of $23.8 million.

Net income rose to $37.4 million, as against a net loss in 2001 of $30.9 million.

Part of the improvement is due to a 19.3 per cent reduction in operating expenses. ATD operates 62 distribution centres in 35 states and employs 1,900 people nationwide.