TBC Corporation Comments on Impact of Recent Hurricanes
October 04 2004 - 9:01AM
PR Newswire (US)
TBC Corporation Comments on Impact of Recent Hurricanes - Schedules
Third Quarter Conference Call - PALM BEACH GARDENS, Fla., Oct. 4
/PRNewswire-FirstCall/ -- TBC Corporation (NASDAQ:TBCC), one of the
nation's leading marketers of automotive replacement tires,
announced today that based on current assessments, the Company
expects the combined negative impact of Hurricanes Charley,
Frances, Ivan and Jeanne to be approximately $0.09 to $0.12 per
diluted share in the third quarter of 2004. The Company has 160
retail stores in Florida, which represent approximately one-third
of its total company-operated store base. The Company will discuss
the impact of all four hurricanes in further detail when it reports
its third quarter ended September 30, 2004 results after the
markets close on Monday, October 25, 2004. In conjunction with the
third quarter earnings announcement, TBC Corporation invites you to
listen to the Webcast of the Company's quarterly earnings
conference call, which has been scheduled for Tuesday, October 26,
2004, at 10:00 a.m. Eastern Time / 9:00 a.m. Central Time. The
conference call will be Webcast at TBC's Web site,
http://www.tbccorp.com/. The Webcast will be archived at TBC's Web
site until November 26, 2004. A telephonic replay of the conference
call will also be available through November 1, 2004, by calling
(888) 203-1112, passcode 840070. About TBC: TBC Corporation is one
of the nation's largest marketers of automotive replacement tires
through a multi-channel strategy. The Company's retail operations
include company-operated retail centers under the "Tire Kingdom",
"Merchant's Tire & Auto Centers" and "National Tire &
Battery" brands and franchised retail tire stores under the "Big O
Tires" brand. TBC markets on a wholesale basis to regional tire
chains and distributors serving independent tire dealers throughout
the United States and in Canada and Mexico. The Company's
proprietary brands of tires have a longstanding reputation for
quality, safety and value. TBC Corporation Safe Harbor Statement
This document contains "forward-looking statements," as that term
is defined under the Private Securities Litigation Reform Act of
1995, regarding expectations for future financial performance,
which involve uncertainty and risk. It is possible that the
Company's future financial performance may differ from expectations
due to a variety of factors including, but not limited to: changes
in economic and business conditions in the world; increased
competitive activity; consolidation within and among competitors,
suppliers and customers; unexpected changes in the replacement tire
market; the Company's inability to attract as many new franchisees
or open as many distribution outlets as stated in its goals;
changes in the Company's ability to identify and acquire additional
companies in the replacement tire industry and successfully
integrate acquisitions and achieve anticipated synergies or
savings; fluctuations in tire prices charged by manufacturers,
including fluctuations due to changes in raw material and energy
prices, changes in interest and foreign exchange rates; the
cyclical nature of the automotive industry and the loss of a major
customer or program. It is not possible to foresee or identify all
such factors. Any forward-looking statements in this release are
based on certain assumptions and analyses made by the Company in
light of its experience and perception of historical trends,
current conditions, expected future developments and other factors
it believes are appropriate in the circumstances. Prospective
investors are cautioned that any such statements are not a
guarantee of future performance and actual results or developments
may differ materially from those projected. The Company makes no
commitment to update any forward-looking statement included herein,
or to disclose any facts, events or circumstances that may affect
the accuracy of any forward-looking statement. Additional
information on factors that could potentially affect the Company or
its financial results may be found in the Company's filings with
the Securities and Exchange Commission. DATASOURCE: TBC Corporation
CONTACT: Thomas W. Garvey, Executive V.P. & Chief Financial
Officer of TBC Corporation, +1-561-227-0955; Investors - Betsy
Brod, or Jonathan Schaffer, both of Brod & Schaffer, LLC,
+1-212-750-5800, for TBC Corporation Web site:
http://www.tbccorp.com/
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