Genuine Parts pany(GPC)
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Genuine Parts pany(GPC) - 2024 Q3 - Quarterly Report
2024-10-22 17:20
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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-5690 __________________________________________ GENUINE PARTS COMPANY (Exact name of registrant as specified in its charter) (State or o ...
Why Genuine Parts Stock Tumbled Today
The Motley Fool· 2024-10-22 17:07
Shares of the auto parts chain fell on a disappointing earnings report.Shares of Genuine Parts (GPC -19.43%) were falling today after the Napa Auto Parts parent posted disappointing results in its third-quarter earnings report.While the company beat top-line estimates, it fell woefully short on the bottom line. As of 1 p.m. ET, the stock was down 19% on the news. Genuine Parts hits the brakesIn the quarter reported Tuesday, overall revenue rose 2.5% to $5.97 billion, though it would have declined slightly w ...
Genuine Parts Q3 Earnings Miss Estimates, Guidance Revised
ZACKS· 2024-10-22 17:00
Genuine Parts Company (GPC) reported third-quarter 2024 adjusted earnings of $1.88 per share, which missed the Zacks Consensus Estimate of $2.44. The bottom line declined from year-ago earnings of $2.49 per share. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.The company reported net sales of $5.97 billion, which marginally missed the Zacks Consensus Estimate of $5.98 billion but inched up 2.5% year over year. This increase was due to a 3.2% boost from acquisitions and a 0.1% impa ...
Genuine Parts pany(GPC) - 2024 Q3 - Earnings Call Transcript
2024-10-22 15:56
Genuine Parts Company (NYSE:GPC) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Tim Walsh - Senior Director, Investor Relations Will Stengel - President and Chief Executive Officer Bert Nappier - Executive Vice President and Chief Financial Officer Conference Call Participants Kate McShane - Goldman Sachs Scot Ciccarelli - Truist Michael Lasser - UBS Chris Horvers - JPMorgan Greg Melich - Evercore Seth Basham - Wedbush Securities Bret Jordan - Jefferies Operator Good day, ...
Genuine Parts (GPC) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-22 13:05
Genuine Parts (GPC) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.95%. A quarter ago, it was expected that this auto and industrial parts distributor would post earnings of $2.59 per share when it actually produced earnings of $2.44, delivering a surprise of -5.79%.Over the last ...
Genuine Parts pany(GPC) - 2024 Q3 - Earnings Call Presentation
2024-10-22 12:11
Q3'24 Earnings Presentation October 22, 2024 GPC Snapshot (as of 9/30/2024) Founded 1928 Headquarters Atlanta, GA Countries Served 17 Locations ~10,820 • Distribution Centers ~195 • Warehouses ~755 • Retail (Owned/Independent) ~9,870 Employees ~60,000 Market Capitalization ~$19.4B Revenue1 $23.3B • Automotive 62% • Industrial 38% Segment Profit Margin2 9.4% Free Cash Flow2 ~$901M Dividend Yield3 2.9% TTM Financial Highlights 75% North America 16% Europe 9% Australasia Global Footprint Key Statistics TTM Rev ...
Genuine Parts pany(GPC) - 2024 Q3 - Quarterly Results
2024-10-22 11:55
www.genpt.com News Release October 22, 2024 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Third Quarter 2024 Results and Revises Full-Year Outlook • Sales of $6.0 billion • Diluted EPS of $1.62 • Adjusted Diluted EPS of $1.88 • Revises 2024 Outlook: ◦ Revenue Growth of 1% to 2% from 1% to 3% ◦ Adjusted Diluted EPS of $8.00 to $8.20 from $9.30 to $9.50 ATLANTA -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions ...
Genuine Parts Company Reports Third Quarter 2024 Results and Revises Full-Year Outlook
Prnewswire· 2024-10-22 10:55
Sales of $6.0 billionDiluted EPS of $1.62Adjusted Diluted EPS of $1.88Revises 2024 Outlook:Revenue Growth of 1% to 2% from 1% to 3%Adjusted Diluted EPS of $8.00 to $8.20 from $9.30 to $9.50ATLANTA, Oct. 22, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its results for the third quarter ended September 30, 2024."I would like to thank our global GPC teammates for their hard wor ...
What Analyst Projections for Key Metrics Reveal About Genuine Parts (GPC) Q3 Earnings
ZACKS· 2024-10-17 14:21
Wall Street analysts expect Genuine Parts (GPC) to post quarterly earnings of $2.45 per share in its upcoming report, which indicates a year-over-year decline of 1.6%. Revenues are expected to be $5.98 billion, up 2.7% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a company's earnings ...
Genuine Parts Company to Present at the Gabelli Funds 48th Annual Automotive Symposium
Prnewswire· 2024-10-15 12:30
ATLANTA, Oct. 15, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Will Stengel, President & CEO, and Bert Nappier, EVP & CFO, will present at the Gabelli Funds 48th Annual Automotive Symposium at 2:00 p.m. ET on Tuesday, November 5, 2024. The presentation will be webcast live on the company's investor relations website. A replay of the webcast will be available after the e ...