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Advances Strategic Initiative to Own More Stores in Priority Markets ATLANTA, May 1, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today an acquisition for its U.S. Automotive business. Effective April 30, 2024, the company acquired Motor Parts & Equipment Corporation (MPEC). MPEC, founded in 1938, is based in Rockford, Illinois. It is the largest independent owner of NAPA Auto Parts stores in the U.S., operatin ...

Paul Donahue to Transition to Executive Chairman Will Stengel Appointed President and Chief Executive OfficerATLANTA, April 29, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today that Paul D. Donahue will transition from chairman and CEO to executive chairman, effective June 3, 2024. At that time, William P. Stengel, II, currently president and COO, will succeed Mr. Donahue as president and CEO of GPC and will ...

​​​Inflation is here to stay. While down from the historically high levels hit over the past year or so, inflation rates remain elevated and are wearing on the economy. U.S. business activity slowed to a four-month low this month, which has worried the Federal Reserve.It was looking to cut interest rates at least three times this year, possibly as many as six times, but now it’s not sure it will even do it once. Fed Chairman Jay Powell recently said he had no “confidence” that inflation would head in the ri ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors of ...

Have you evaluated the performance of Genuine Parts' (GPC) international operations for the quarter ending March 2024? Given the extensive global presence of this auto and industrial parts distributor, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and traject ...

Investor confidence is rebounding for this reliable dividend stock.Shares of automotive and industrials parts maker Genuine Parts (GPC 12.66%) jumped on Thursday even though it's normally a sleepy stock. The company reported financial results for the first quarter of 2024 and raised its full-year profit guidance, which is why Genuine Parts stock was up 12% as of 11 a.m. ET.Investor confidence is on the riseIn Q1, Genuine Parts' sales increased by less than 1% to $5.8 billion and its earnings per share (EPS) ...

Genuine Parts Company (GPC) delivered first-quarter 2024 adjusted earnings of $2.22 per share, up 3.74% year over year. The bottom line surpassed the Zacks Consensus Estimate of $2.15 per share. The company reported net sales of $5.78 billion, lagging the Zacks Consensus Estimate of $5.84 billion and inching up 0.32% year over year. This nominal increase was due to a 1.9% boost from acquisitions, offset by a 0.9% drop in comparable sales and a 0.7% impact from unfavorable foreign currency transactions.Segme ...

Genuine Parts (GPC) reported $5.78 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 0.3%. EPS of $2.22 for the same period compares to $2.14 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.85 billion, representing a surprise of -1.05%. The company delivered an EPS surprise of +3.26%, with the consensus EPS estimate being $2.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Common Stock, $1.00 par value per share GPC Table of Contents Item 1. Legal Proceedings 23 Item 1A. Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 5. Other Information 23 Item 6. Exhibits 24 Signatures 25 PART I – FINANCIAL INFORMATION Item 1. Financial Statements GENUINE PARTS CO ...