Genuine Parts Stock Price, News & Analysis

Genuine Parts Company (NYSE: GPC), a global service provider of automotive and industrial replacement parts, has announced its plans to release third quarter 2024 financial results on October 22, 2024. Following the release, the company will host a conference call at 8:30 a.m. ET to discuss the results.

Investors and interested parties can access the webcast and supplemental earnings materials on the company's investor relations website. Additionally, the call will be available via phone by dialing 1-800-836-8184. For those unable to attend the live call, a replay will be available on the company's website or by calling 1-888-660-6345 (ID 72988#) two hours after the conference call concludes.

Genuine Parts Company (NYSE: GPC), a global service provider of automotive and industrial replacement parts, has announced a regular quarterly cash dividend of $1.00 per share on its common stock. The dividend will be payable on October 1, 2024 to shareholders of record as of September 6, 2024. This announcement demonstrates GPC's commitment to returning value to its shareholders and maintaining a consistent dividend policy.

Genuine Parts Company (NYSE: GPC) has announced the appointment of Jenn Hulett as Executive Vice President and Chief People Officer, effective August 19, 2024. Hulett, who joins from Dollar Tree, will oversee GPC's global human resources operations and lead talent and culture initiatives. She replaces Jim Neill, who is retiring but will remain in an advisory role until September 30, 2024 to ensure a smooth transition.

Hulett brings extensive experience from her previous roles at Dollar Tree, Core-Mark, Ericsson, and General Electric. GPC's CEO, Will Stengel, expressed confidence in Hulett's ability to strengthen the company's 'One GPC' approach and contribute to its continued evolution. The company also acknowledged Neill's nearly two-decade tenure and his significant contributions to GPC's culture and work environment.

Genuine Parts Company (NYSE: GPC), a global leader in automotive and industrial replacement parts, announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. Will Stengel, President & CEO, and Bert Nappier, EVP & CFO, will present on September 5, 2024, at 1:10 p.m. ET.

The presentation will be webcast live on the company's investor relations website, with a replay available after the event. This conference provides GPC an opportunity to showcase its position in the market and discuss its strategies with investors and analysts.

Genuine Parts Company (NYSE: GPC) reported Q2 2024 results with sales of $6.0 billion, up 0.8% year-over-year. Diluted EPS decreased 13.5% to $2.11, while adjusted diluted EPS remained flat at $2.44. The company revised its 2024 outlook, lowering revenue growth expectations to 1% to 3% from 3% to 5% previously, and adjusted diluted EPS to $9.30 to $9.50 from $9.80 to $9.95.

The Automotive segment saw a 2.0% sales increase, while Industrial sales declined 1.1%. GPC generated $612 million in operating cash flow and $353 million in free cash flow for the first half of 2024. The company cited softer market conditions affecting demand, particularly in Industrial and U.S. and European Automotive businesses.

Genuine Parts Company (NYSE: GPC), a global distributor of automotive and industrial replacement parts, will announce its second quarter 2024 financial results on July 23, 2024.

Following the release, the company's management will host a conference call at 8:30 a.m. ET. The webcast and supplementary earnings materials will be available on the company's investor relations website. For those preferring telephonic access, the call can be reached at 1-800-836-8184. A replay will be accessible on the website and via toll-free number 1-888-660-6345 with ID 93997#, two hours post-call.

Genuine Parts Company (GPC), a leading distributor of automotive and industrial parts, announced that its President & CEO-elect, Will Stengel, along with EVP & CFO, Bert Nappier, will present at the 4th Annual Evercore ISI Consumer and Retail Conference. The event is scheduled for 8:45 a.m. ET on June 12, 2024, and will be webcast live on the company’s investor relations website. A replay of the event will also be available afterward.

Genuine Parts Company (NYSE: GPC) announced the acquisition of Motor Parts & Equipment (MPEC), the largest independent owner of NAPA Auto Parts stores in the U.S. This strategic move aligns with GPC's goal to own more NAPA stores in key markets, expanding its presence across several states.

Genuine Parts Company (NYSE: GPC) announced changes to the board, with Mr. Charles Stevens joining and Mr. Jenner Wood retiring. The company declared a regular quarterly dividend of $1.00 per share.