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Post-earnings swoon for SORL Auto Parts

Apr. 02, 2018 10:35 AM ETSORL Auto Parts, Inc. (SORL) StockSORLBy: Clark Schultz, SA News Editor4 Comments
  • SORL Auto Parts (SORL -21%) tumbles after the company says higher distribution expenses cut into profitability.
  • Selling and distribution expenses were up 350 bps to 13.2% of sales.
  • Management pointed to higher freight, packaging and compensation costs during the quarter.
  • Looking ahead, SORL sees 2018 sales of $450M vs. $391M in 2017 and net income of $28M vs. $24M a year ago.
  • Previously: More on SORL Auto Parts' Q4 results (April 2)

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