POMONA, Calif., April 7, 2003 -- Keystone Automotive Industries, Inc. (Nasdaq:KEYS) today said Charles J. Hogarty, president and chief executive officer, and John M. Palumbo, chief financial officer, will present the company's business and growth opportunities at the Sidoti & Company Seventh Annual Emerging Growth Institutional Investor Forum being held in New York City on Thursday, April 10, 2003 at 8:30 a.m. EDT.
A copy of the presentation will be available on Keystone's website at www.keystone-auto.com.
The company also said that, based on preliminary results, it expects revenues for the fiscal year ended March 28, 2003 to be approximately $435 million and earnings per diluted share to meet or exceed the consensus of analysts' estimates. The company expects to report its fiscal 2003 full financial results, which may differ from anticipated, during the first week of June.
Keystone Automotive Industries, Inc. distributes its products in the United States primarily to collision repair shops through its 115 distribution facilities, of which 21 serve as regional hubs, located in 37 states, Vancouver, Canada and Tijuana, Mexico. Its product lines consist of automotive body parts, bumpers, and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. These products comprise more than 19,000 stock keeping units that are sold to more than 25,000 repair shops throughout the nation.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting the company will be those anticipated by the company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors, including but not limited to the impact on the company as a result of (i) the cost, time and potential disruption of operations relating to the implementation of a new enterprise management information system which began in July 2002; (ii) the continuing impact of the verdict in the State Farm Mutual Automobile Insurance Company class action, which is on appeal; (iii) Keystone being named as defendant in an action by General Motors challenging the alleged use of certain of its trade marks; and (iv) the uncertainty involved in acquiring businesses and/or opening Greenfield operations. In addition, there can be no assurance that the momentum in sales and net income experienced during the last year will be sustainable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. For a more detailed discussion of some of the ongoing risks and uncertainties of the Company's business, see the Company's Form 10-K for the year ended March 29, 2002, on file with the Securities and Exchange Commission.