DETROIT, July 31 (Reuters) - Auto parts makerInc said on Thursday that net profit fell, pressured by production cuts in North America by customers and the cost of adding a new customer in the replacement parts business.
Net income fell to $13 million, or 26 cents per share, in the second quarter, from $41 million, or 85 cents per share, a year earlier. Net sales and operating revenue dipped to $1.65 billion from $1.66 billion.
said it earned 71 cents per share excluding restructuring costs, costs for changing over a new customer in the replacement parts market and a one-time tax adjustment. (Reporting by David Bailey, editing by Dave Zimmerman)