Genuine Parts Beats Q4 Earnings Estimates, Hikes Dividend

Genuine Parts Company (GPC) reported fourth-quarter 2024 adjusted earnings of $1.61 per share, which beat the Zacks Consensus Estimate of$1.54. The bottom line declined from year-ago earnings of $2.26 per share. See the Zacks Earnings Calendar to stay ahead of market-making news.The company reported net sales of$5.8 billion, which surpassed the Zacks Consensus Estimate of $5.69 billion and inched up 3.3% year over year. This increase was due to a 3.2% boost from acquisitions and a 0.6% impact from favorab ...