Welcome to our dedicated page for Genuine Parts news (Ticker: GPC), a resource for investors and traders seeking the latest updates and insights on Genuine Parts stock.
Genuine Parts Company reports recurring developments as a global service provider of automotive and industrial replacement parts and value-added solutions. Company news centers on operating and financial results, comparable sales trends, acquisition effects, segment performance and earnings outlooks across the North America Automotive Parts Group, International Automotive Parts Group and Industrial Parts Group.
GPC updates also cover regular cash dividend declarations, capital actions, investor conference participation, board leadership and governance matters. Its automotive operations span North America, Europe and Australasia, while its industrial parts business serves maintenance, repair and original equipment manufacturing customers in North America and Australasia.
Genuine Parts Company (NYSE: GPC) will conduct a webcast on September 15, 2021, at 10:00 a.m. ET, focusing on its industrial business. This session will provide in-depth insights into the company’s operations. Interested participants can access the live webcast through the Company's investor relations website, where a replay will also be available afterward. Founded in 1928, Genuine Parts Company operates in over 15 countries with more than 10,000 locations and reported $16.5 billion in revenues for 2020.
On August 16, 2021, Genuine Parts Company (NYSE: GPC) announced the appointment of Kristy G. Whitehurst as Vice President of Employee Benefits. Having served the company for 14 years, she will now lead its employee benefits programs. Additionally, the Board of Directors declared a quarterly cash dividend of $0.815 per share, payable on October 1, 2021, to shareholders recorded by September 3, 2021.
Genuine Parts Company (NYSE: GPC) announced its leadership team will participate in two virtual investor conferences in August 2021. The presentations include the Jefferies Industrials Conference on August 3 at 2:00 p.m. ET, and the Raymond James Diversified Industrials Conference on August 24 at 8:40 a.m. ET. Interested parties can view live webcasts and access replays on the company's investor relations website. With a long history since 1928, Genuine Parts Company generated revenues of $16.5 billion in 2020, serving customers globally across various markets.
Genuine Parts Company (NYSE: GPC) reported robust financial results for Q2 2021, with sales reaching $4.8 billion, marking a 25.1% increase from the previous year. The net income from continuing operations was $196.5 million, equating to a diluted earnings per share of $1.36, a significant recovery from a net loss of $363.5 million in the prior year. The company also reported strong growth in both the Automotive and Industrial segments, driven by favorable global economic conditions. For the full year, GPC has updated its sales growth outlook to 10%-12%.
The Washington Supreme Court has reinstated an $81.5 million verdict in a wrongful death suit linked to asbestos exposure, concerning Jerry "Doy" Coogan, who died of mesothelioma. The court ruled that the appellate court overstepped its boundaries, affirming that the jury's decision should stand. The total judgment is now over $95 million due to post-judgment interest. The Supreme Court emphasized the importance of jury trials and criticized the appellate court for not respecting the trial court's evidence assessment.
Genuine Parts Company (NYSE: GPC) is set to announce its Second Quarter Earnings on July 22, 2021. Management will hold a conference call at 11:00 a.m. ET on the same day, accessible to the public via the company's website or by dialing 877-407-0789. The conference ID is 13720671, with a replay available two hours post-call. As a global distributor of automotive and industrial replacement parts, Genuine Parts Company reported $16.5 billion in revenue for 2020, serving customers in 14 countries from over 10,000 locations worldwide.
Genuine Parts Company (NYSE: GPC) has appointed Naveen Krishna as Executive Vice President and Chief Information & Digital Officer. With over 25 years of technology experience, he has previously held key roles at Macy's and The Home Depot. His responsibilities will include leading GPC's technology strategy and digital initiatives, aligning them with the company's long-term goals. President Will Stengel expressed enthusiasm about Krishna's appointment, highlighting his expertise in technology and digital transformations. GPC reported revenues of $16.5 billion in 2020 and operates globally from over 10,000 locations.
Genuine Parts Company (NYSE: GPC) will present virtually at the Evercore ISI Consumer and Retail Conference on June 15, 2021 at 8:45 a.m. ET. CEO Paul Donahue and President Will Stengel will participate in a fireside chat. Interested parties can access the live webcast via the investor relations section of the Company’s website at www.genpt.com, with a replay available afterward. The Company, founded in 1928, generated $16.5 billion in revenue in 2020 and operates over 10,000 locations across 14 countries.
Genuine Parts Company (NYSE: GPC) has declared a quarterly cash dividend of $0.815 per share, payable on July 1, 2021 to shareholders of record as of June 4, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders. In 2020, Genuine Parts achieved revenues of $16.5 billion, supported by a robust distribution network across 14 countries. The company specializes in automotive and industrial replacement parts, emphasizing its significant role in the global marketplace.
Genuine Parts Company (GPC) reported a strong start to 2021 with Q1 sales at $4.5 billion, up 9.1% year-over-year, driven by a 4.6% increase in comparable sales. Net income soared by 79% to $217.7 million, or $1.50 per diluted share. The Automotive segment led growth with a 14.3% sales increase, while Industrial sales were up marginally at 0.1%. Operating cash flow reached $300.9 million, significantly up from $27.9 million last year. GPC updated its 2021 sales growth outlook to 5%-7%, expecting continued favorable trends and robust cash flow.