Financial Performance - Sales for Q1 2024 were $5.8 billion, a 0.3% increase year-over-year, driven by a 1.9% benefit from acquisitions[5] - Diluted EPS for Q1 2024 was $1.78, down 16.8% from $2.14 in the prior year, while adjusted diluted EPS increased by 3.7% to $2.22[3][10] - The company reaffirmed its full-year 2024 revenue growth outlook of 3% to 5% and updated adjusted diluted EPS guidance to $9.80 to $9.95[3][9] - The company reported adjusted net income of $311 million for Q1 2024, a 2.3% increase compared to the prior year[10] - Net income for the three months ended March 31, 2024, was $248,894, down from $303,957 in the same period last year, a decrease of 18.1%[33] - Adjusted net income, after accounting for restructuring costs, was $310,898, compared to $303,957 in the prior year, showing an increase of 2.9%[36] Cash Flow and Liquidity - Cash flow from operations for Q1 2024 was $318 million, with free cash flow of $203 million[7] - The company ended the quarter with total liquidity of $2.5 billion, including $1.0 billion in cash and cash equivalents[14] - The company reported a decrease in operating cash flow, with net cash provided by operating activities at $318,306, compared to $197,507 in the same period last year, an increase of 60.9%[33] - Net cash provided by operating activities for Q1 2024 was $318,306 thousand, compared to $197,507 thousand for Q1 2023, representing a significant increase[43] - Free cash flow for Q1 2024 was $202,616 thousand, up from $109,407 thousand in Q1 2023[43] - The company maintains its outlook for net cash provided by operating activities for the year ending December 31, 2024, at $1.3 billion to $1.5 billion[43] - Free cash flow guidance for the year ending December 31, 2024, remains at $800 million to $1.0 billion[43] Sales and Segment Performance - Global automotive sales reached $3.6 billion, up 1.9% from the same period in 2023, while industrial sales were $2.2 billion, down 2.2%[11][12] - Automotive net sales for the three months ended March 31, 2024, increased to $3,574,020, up from $3,505,827 in the same period last year, representing a growth of 1.9%[30] - Total net sales for the same period reached $5,783,631, slightly up from $5,765,118, indicating a year-over-year increase of 0.3%[30] - Total segment profit rose to $543,775 for the three months ended March 31, 2024, compared to $526,407 in the prior year, reflecting a growth of 3.3%[30] - Segment profit for automotive increased by 3.2% to $273 million, with a profit margin of 7.6%, while industrial segment profit rose by 3.4% to $271 million, with a margin of 12.3%[11][12] Restructuring and Costs - The company incurred restructuring and other costs of $83,042 related to a global restructuring initiative, which includes voluntary retirement offers and optimization of distribution centers[30] Assets and Liabilities - Cash and cash equivalents at the end of the period were $1,049,588, down from $1,102,007 at the beginning of the period, a decrease of 4.8%[33] - Total current liabilities increased to $8,639,486 from $7,827,109, representing a rise of 10.4%[32] - The company’s total assets grew to $18,336,513 from $17,968,454, marking an increase of 2.0%[32] Capital Expenditures - Capital expenditures are projected to be approximately $500 million for the year ending December 31, 2024[43]

Genuine Parts Company (GPC) is slated to release first-quarter 2024 results on Apr 18, before market open. The Zacks Consensus Estimate for earnings per share is pinned at $2.15, implying growth of 0.47% from the year-ago reported number. The consensus estimate has moved down 11 cents in the past 60 days.The Zacks Consensus Estimate for revenues is pegged at $5.85 billion, suggesting a year-over-year increase of 1.39%. Genuine Parts surpassed earnings estimates in each of the trailing four quarters, the ave ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Genuine Parts (GPC) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 18. On ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Genuine Parts (GPC) , which belongs to the Zacks Automotive - Replacement Parts industry.When looking at the last two reports, this auto and industrial parts distributor has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.24%, on average, in the last two quarters.For the most recent quarter, Genuine Parts was e ...

PART I [Business](index=4&type=section&id=Item%201.%20Business) GPC is a global distributor of automotive and industrial replacement parts, operating through Automotive and Industrial segments - GPC is a global service organization engaged in the distribution of automotive and industrial replacement parts, with over **10,700 locations** primarily in North America, Europe, and Australasia[15](index=15&type=chunk) - The company is organized into two business segments: the Automotive Parts Group, representing approximately **62% of total net sales**, and the Industrial Parts Group, representing approximately **38%**[18](index=18&type=chunk)[21](index=21&type=chunk)[40](index=40&type=chunk) - As of December 31, 2023, the company employed more than **60,000 people worldwide** across **17 countries**[57](index=57&type=chunk) [Our Segments](index=4&type=section&id=1.1%20Our%20Segments) GPC's operations are divided into Automotive and Industrial segments, serving distinct customer bases and markets Automotive Distribution Network as of Dec 31, 2023 | | North America | Europe | Australasia | Total | | :--- | :--- | :--- | :--- | :--- | | Distribution Centers | 77 | 81 | 14 | 172 | | Company-Owned Stores | 1,797 | 798 | 551 | 3,146 | | Independently-Owned Stores | 4,961 | 1,698 | — | 6,659 | | **Total Automotive Locations** | **6,835** | **2,577** | **565** | **9,977** | Industrial Distribution Network as of Dec 31, 2023 | | North America | Australasia | Total | | :--- | :--- | :--- | :--- | | Distribution Centers | 17 | 13 | 30 | | Branches | 503 | 150 | 653 | | Service Centers | 68 | 2 | 70 | | **Total Industrial Locations** | **588** | **165** | **753** | - The Automotive segment's customer base is approximately **80% do-it-for-me (DIFM)** and **20% do-it-yourself (DIY)**[22](index=22&type=chunk) - The Industrial segment (Motion) serves over **200,000 MRO and OEM customers** and has access to a database of over **19 million parts**[40](index=40&type=chunk)[42](index=42&type=chunk) [Human Capital Management](index=9&type=section&id=1.2%20Human%20Capital%20Management) GPC focuses on attracting, retaining, and developing its over 60,000 employees through well-being, development, and DEI initiatives - The company employs over **60,000 people worldwide** and operates in **17 countries** as of December 31, 2023[57](index=57&type=chunk) - GPC periodically conducts global engagement surveys, with recent results indicating employees are proud to work for the company. Action plans are developed based on survey feedback[58](index=58&type=chunk) - The company launched three new business resource groups (BRGs) in 2023 to support personal and professional development, networking, and community engagement[62](index=62&type=chunk) [Risk Factors](index=10&type=section&id=Item%201A.%20Risk%20Factors) The company faces strategic, macroeconomic, legal, and operational risks including demand fluctuations, supply chain issues, and cybersecurity threats - Strategic risks include slowing demand for products, disruption of supplier relationships, substantial competition from chains like AutoZone and O'Reilly, and the potential failure to integrate acquisitions successfully[69](index=69&type=chunk)[71](index=71&type=chunk)[73](index=73&type=chunk) - Cybersecurity is a significant risk, with threats of data breaches, system failures, and cyber-attacks potentially disrupting operations, harming reputation, and leading to legal claims[78](index=78&type=chunk)[79](index=79&type=chunk)[81](index=81&type=chunk) - Macroeconomic risks include adverse impacts from inflation, fluctuating foreign currency exchange rates, and the effects of high debt levels on cash flow[90](index=90&type=chunk)[93](index=93&type=chunk)[95](index=95&type=chunk) - Legal and regulatory risks stem from potential climate change regulations affecting vehicle technology, ongoing litigation (including product liability lawsuits), and changes in tax and international trade policies[98](index=98&type=chunk)[99](index=99&type=chunk)[102](index=102&type=chunk) [Unresolved Staff Comments](index=17&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - Not applicable[106](index=106&type=chunk) [Cybersecurity](index=17&type=section&id=Item%201C.%20Cybersecurity) GPC's cybersecurity program, led by a CISO and overseen by the Board, follows the NIST framework to manage ongoing threats - The information security program is led by a CISO, with oversight from the CIDO, the Audit Committee, and the Board of Directors[108](index=108&type=chunk) - The company's risk management practices are based on the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF)[109](index=109&type=chunk) - To date, the company has not experienced a material breach of cybersecurity, though it continues to face threats such as phishing attempts and malware[110](index=110&type=chunk) [Properties](index=18&type=section&id=Item%202.%20Properties) As of December 31, 2023, the company operates 4,071 locations, primarily owning distribution centers and leasing retail stores Company-Owned and Operated Locations as of Dec 31, 2023 | | Distribution Centers | Other Locations | | :--- | :--- | :--- | | **Automotive:** | | | | North America | 77 | 1,797 | | Europe | 81 | 798 | | Australasia | 14 | 551 | | *Total Automotive* | *172* | *3,146* | | **Industrial:** | | | | North America | 17 | 571 | | Australasia | 13 | 152 | | *Total Industrial* | *30* | *723* | | **Total** | **202** | **3,869** | - The company generally owns its distribution centers and leases its retail stores and branches. Corporate headquarters are in two owned office buildings in Atlanta, Georgia[112](index=112&type=chunk) [Legal Proceedings](index=19&type=section&id=Item%203.%20Legal%20Proceedings) Legal proceedings information is incorporated by reference from the Commitments and Contingencies Footnote in Item 8 - Details on legal proceedings are located in the Commitments and Contingencies Footnote within Item 8 of this report[113](index=113&type=chunk) [Mine Safety Disclosures](index=19&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is reported as not applicable - Not applicable[114](index=114&type=chunk) PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=20&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) GPC's common stock trades on the NYSE, with a 67-year dividend increase streak and ongoing share repurchase program - The company has increased its annual dividend for **67 consecutive years** through 2023[117](index=117&type=chunk) Issuer Purchases of Equity Securities (Q4 2023) | Period | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Average Price Paid per Share ($) | Maximum Number of Shares That May Yet be Purchased Under the Plans or Programs | | :--- | :--- | :--- | :--- | | Oct 2023 | 534,870 | $140.57 | 8,678,794 | | Nov 2023 | 93,917 | $133.57 | 8,584,877 | | Dec 2023 | 46,832 | $137.92 | 8,538,045 | | **Total Q4** | **675,619** | **$136.69 (weighted avg)** | **8,538,045** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) GPC achieved 4.5% net sales growth in 2023, driven by strong Industrial segment performance and improved gross margin, while maintaining strong liquidity Consolidated Results of Operations (2023 vs 2022) | (in thousands, except per share data) | 2023 | 2022 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $23,090,610 | $22,095,973 | 4.5% | | Gross profit | $8,290,672 | $7,740,104 | 7.1% | | Net income | $1,316,524 | $1,182,701 | 11.3% | | Diluted EPS | $9.33 | $8.31 | 12.3% | | Adjusted EBITDA | $2,157,346 | $1,999,329 | 7.9% | - The Industrial segment profit increased **24.4%** to **$1.1 billion**, with segment margin improving **200 basis points** to **12.5%**[154](index=154&type=chunk) - The Automotive segment profit decreased **1.4%** to **$1.2 billion**, with segment margin decreasing **50 basis points** to **8.2%**[153](index=153&type=chunk) - In February 2024, the company announced a global restructuring expected to incur costs of **$100-$200 million** in 2024, with anticipated annualized savings of **$45-$90 million**[151](index=151&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=7.1%20Liquidity%20and%20Capital%20Resources) GPC ended 2023 with strong liquidity of $2.6 billion, supported by operating cash flow and new debt issuances Summary of Cash Flows (in thousands) | | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,435,610 | $1,466,971 | | Net cash used in investing activities | $(705,792) | $(1,684,240) | | Net cash (used in) provided by financing activities | $(292,161) | $205,101 | - The company ended 2023 with **$2.6 billion** of total liquidity, comprising **$1.5 billion** availability on its revolving credit facility and **$1.1 billion** of cash[182](index=182&type=chunk) - In November 2023, the company issued **$425 million** of **6.50% Senior Notes due 2028** and **$375 million** of **6.88% Senior Notes due 2033**[179](index=179&type=chunk) [Critical Accounting Policies](index=32&type=section&id=7.2%20Critical%20Accounting%20Policies) Critical accounting policies involve significant estimates for vendor consideration, goodwill impairment, employee benefits, business combinations, and legal liabilities - Key critical accounting policies include: Consideration Received from Vendors, Impairment of Goodwill, Employee Benefit Plans, Business Combinations, and Legal and Product Liabilities[191](index=191&type=chunk) - For 2024 pension income measurement, the expected rate of return on plan assets is **7.61%** and the weighted average discount rate was **5.30%** at December 31, 2023[196](index=196&type=chunk)[197](index=197&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from foreign currency fluctuations, interest rate changes, and inflation, with specific impacts quantified for currency and interest rates - A hypothetical **10% shift** in exchange rates for the Euro, Canadian dollar, and Australian dollar would have impacted 2023 translated net sales by approximately **$797 million**[210](index=210&type=chunk) - A **100 basis point increase** in interest rates would have an immaterial impact on debt but would increase fees on the A/R Sales Agreement by **$10 million**[211](index=211&type=chunk) [Financial Statements and Supplementary Data](index=36&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents consolidated financial statements and notes, with an unqualified audit opinion from Ernst & Young LLP on financials and internal controls - The independent auditor, Ernst & Young LLP, issued an **unqualified opinion** on the consolidated financial statements and the effectiveness of internal control over financial reporting as of December 31, 2023[217](index=217&type=chunk)[218](index=218&type=chunk) - The auditor identified 'Loss Contingencies Related to Product Liabilities' as a **Critical Audit Matter** due to the significant measurement uncertainty and judgment involved in estimating the liability[221](index=221&type=chunk)[222](index=222&type=chunk) Consolidated Balance Sheet Highlights (As of Dec 31) | (In Thousands) | 2023 | 2022 | | :--- | :--- | :--- | | Total current assets | $9,605,852 | $8,816,739 | | Total assets | $17,968,454 | $16,495,379 | | Total current liabilities | $7,827,109 | $7,686,110 | | Total liabilities | $13,551,469 | $12,690,932 | | Total equity | $4,416,985 | $3,804,447 | [Controls and Procedures](index=73&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management and auditors concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023 - Management concluded that disclosure controls and procedures were **effective** as of December 31, 2023[386](index=386&type=chunk) - Based on the COSO framework, management concluded that internal control over financial reporting was **effective** as of December 31, 2023[390](index=390&type=chunk) - No **material changes** were made to internal control over financial reporting during the fourth quarter of 2023[391](index=391&type=chunk) PART III [Directors, Executive Officers and Corporate Governance](index=76&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section provides executive officer biographies and incorporates director and corporate governance information by reference from the Proxy Statement - Provides biographical details for key executive officers including Paul D. Donahue (Chairman & CEO), William P. Stengel (President & COO), and Bert Nappier (EVP & CFO)[406](index=406&type=chunk)[407](index=407&type=chunk)[408](index=408&type=chunk) - Additional required information is incorporated by reference from the company's Proxy Statement[414](index=414&type=chunk) [Executive Compensation](index=77&type=section&id=Item%2011.%20Executive%20Compensation) All executive compensation information is incorporated by reference from the company's definitive Proxy Statement - Information required by this item is incorporated by reference from the Proxy Statement[415](index=415&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=77&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) This section details equity compensation plan information and incorporates additional security ownership data by reference from the Proxy Statement Equity Compensation Plan Information as of Dec 31, 2023 | Plan Category | Number of Securities to be Issued upon Exercise | Weighted Average Exercise Price ($) | Number of Securities Remaining Available for Future Issuance | | :--- | :--- | :--- | :--- | | Equity Compensation Plans Approved by Shareholders | 1,208,597 | $94.81 | 6,598,166 | | Equity Compensation Plans Not Approved by Shareholders | 142,651 | n/a | 857,349 | | **Total** | **1,351,248** | **—** | **7,455,515** | - Additional information on security ownership is incorporated by reference from the Proxy Statement[416](index=416&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=78&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information on related person transactions and director independence is incorporated by reference from the Proxy Statement - Information required by this item is incorporated by reference from the Proxy Statement[419](index=419&type=chunk) [Principal Accountant Fees and Services](index=78&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information on principal accountant fees and services is incorporated by reference from the Proxy Statement - Information required by this item is incorporated by reference from the Proxy Statement[420](index=420&type=chunk) PART IV [Exhibits and Financial Statement Schedules](index=79&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists all exhibits and financial statement schedules filed with or incorporated by reference into the Form 10-K report - Lists all financial statements, which are incorporated by reference from Item 8[422](index=422&type=chunk) - Provides a detailed list of all exhibits filed as part of the report, including articles of incorporation, debt agreements, and management compensation plans[423](index=423&type=chunk)[425](index=425&type=chunk) [Form 10-K Summary](index=83&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is reported as not applicable - Not applicable[431](index=431&type=chunk)

Financial Data and Key Metrics Changes - Total sales for Genuine Parts Company (GPC) reached $23.1 billion in 2023, an increase of 4.5% from 2022, with fourth-quarter sales increasing by 1.1% [7][84] - The company achieved a gross margin of 35.9% for the year, an improvement of 80 basis points from the previous year [85] - Earnings per diluted share for 2023 were $9.33, up 11.9% from $8.34 in 2022 [87] Business Segment Data and Key Metrics Changes - Global Automotive segment sales increased by approximately 1% in the fourth quarter, with comparable store sales decreasing by 3% [19] - The Industrial segment reported a profit of $1.1 billion for the year, up 24%, with a segment profit margin of 12.5% [43][93] - Motion's sales grew by $414 million or 5% for the full year, with comparable sales also up by 5% [42] Market Data and Key Metrics Changes - In Europe, automotive sales grew by 10% in local currency during the fourth quarter, with a total sales growth of 16% for the year [74] - The Asia-Pacific automotive business saw a 2% increase in sales in the fourth quarter, with comparable sales growth of 1% [21] - In North America, automotive sales declined by 5.6% in the fourth quarter, with comparable sales down 6.1% [76] Company Strategy and Development Direction - The company is focused on long-term growth through strategic initiatives, including the expansion of fulfillment centers and bolton acquisitions [9][11] - GPC aims to simplify and streamline operations as part of a global restructuring initiative to improve efficiency and reduce costs [39][61] - The company plans to continue investing in technology and supply chain capabilities to enhance customer experience and operational productivity [88][94] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the supportive industry fundamentals for both Automotive and Industrial markets, despite challenges from high interest rates and inflation [38][61] - The company anticipates a more moderated first half of 2024, with expectations for stronger performance in the second half [98] - Management remains optimistic about the NAPA business, noting improvements in January 2024 compared to December 2023 [70][98] Other Important Information - GPC returned approximately $788 million to shareholders in 2023 through dividends and share repurchases [60] - The company announced a $4 per share annual dividend for 2024, marking the 68th consecutive increase [66] - GPC completed approximately 90 transactions in 2023, investing $309 million, primarily in the Automotive segment [60] Q&A Session Summary Question: What is the performance comparison between independent and company-operated stores? - Management indicated that the first half of 2024 is expected to be moderated, but they are encouraged by January's performance, which improved sequentially from December [98] Question: Why is the U.S. auto business losing market share? - Management acknowledged challenges in the U.S. auto business but expressed confidence in actions being taken to improve performance, particularly in January [100][101] Question: What are the margin expectations for the Industrial segment? - Management guided for a margin expansion of 10 to 20 basis points for the Industrial segment in 2024, following significant growth in previous years [104] Question: What is the strategy for expanding the NAPA company-owned store base? - The company is strategically prioritizing markets for acquiring more company-owned stores to enhance service consistency and operational efficiency [111]

Financial Performance Highlights - GPC's Q4 2023 sales reached $56 billion, a 11% increase year-over-year[16] - The company's gross margin was 364%, improved by 70 bps[3] - EBITDA increased by 6% to $523 million[3] - Diluted EPS increased by 10% to $226[3] - Free cash flow for FY'23 was approximately $923 million[16,18] Segment Performance - Industrial segment profit increased by 19% to $275 million[17] - Automotive segment profit was $259 million, a decrease of 12%[36] - Total segment profit margin was 99%[10] - Industrial segment margin was 129%, improved by 190 bps[5] - Automotive segment margin was 75%, down 110 bps[36] 2023 Full Year Results - Global sales reached $231 billion, a 45% increase[8,32] - EBITDA was $22 billion, an 8% increase[32] - Adjusted diluted earnings per share was $933[50,106] 2024 Outlook - The company projects total sales growth of 3% to 5%[54] - Automotive sales are expected to grow by 2% to 4%[54] - Industrial sales are expected to grow by 3% to 5%[54] - Diluted EPS is projected to be between $895 and $915[54] - Adjusted diluted EPS is projected to be between $970 and $990[54] - Free cash flow is expected to be between $800 million and $1 billion[54]

October 19, 2023 Headquarters Atlanta, GA ~10,680 ~210 ~700 • Retail (Owned/Independent) Employees ~58,000 Market Capitalization ~$20.2B • Automotive 62% 38% Segment Profit Margin2 9.9% Dividend Yield3 2.6% 76% North America 15% Europe 9% Australasia Global Footprint Key Statistics TTM Revenue by Region GPC Q3'23 EARNINGS PRESENTATION | 2 GPC Q3'23 EARNINGS PRESENTATION | 3 IGPC Solid quarter, which includes double-digit earnings growth Strategic transformation to a global Automotive and Industrial company ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR (Exact name of registrant as specified in its charter) __________________________________________ GA 58-0254510 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2999 WILDWOOD PARKWAY, 30339 (Address of principal executive offices) (Zip Co ...

July 20, 2023 Countries Served 17 ~205 Employees ~58,000 $22.9B 38% Dividend Yield3 2.2% Leading Global Distributor in Diversified End Markets FORWARD-LOOKING STATEMENTS: Some statements in this presentation, as well as in other materials we file with the Securities and Exchange Commission (SEC), release to the public, or make available on our website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements ...