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) reported Q1 2025 results with sales of $5.9 billion, a 1.4% increase from the previous year. The growth was driven by a 3.0% benefit from acquisitions, offset by a 0.8% decrease in comparable sales and 0.8% unfavorable foreign currency impact.
Net income was $194 million ($1.40 per diluted share), compared to $249 million ($1.78 per share) in Q1 2024. Adjusted EPS was $1.75, down from $2.22 in the prior year. The Automotive Parts Group saw sales rise 2.5% to $3.7 billion, while Industrial Parts Group sales declined 0.4% to $2.2 billion.
The company reaffirmed its 2025 outlook, projecting revenue growth of 2-4% and adjusted EPS of $7.75-$8.25. Operating cash flow is expected between $1.2-$1.4 billion, with free cash flow of $800 million to $1.0 billion.
Genuine Parts Company (NYSE: GPC), a global provider of automotive and industrial replacement parts, has scheduled its first quarter 2025 financial results announcement for April 22, 2025. The company will host a conference call at 8:30 a.m. ET following the release.
Investors can access the webcast and supplemental materials through GPC's investor relations website. Additionally, the call will be available via telephone at 1-800-836-8184. A replay option will be accessible through the company website or by calling 1-888-660-6345 (ID 30546#) two hours after the conference call concludes.
Motion Industries, a subsidiary of Genuine Parts Company (NYSE: GPC), has acquired M.B. McKee Co., a Lubbock, Texas-based industrial equipment distributor. The acquisition closed on January 31, 2025.
M.B. McKee, established in 1943, specializes in mechanical bearings, belts, chains, conveyor systems, motors, drives, and power transmission components, serving industries including agriculture, food processing, manufacturing, and textiles.
Motion Industries, headquartered in Birmingham, Alabama, is a major distributor of maintenance, repair, and operation replacement parts with annual sales exceeding $8 billion. The company offers over 19 million products through 700+ branches, service centers, and 30 distribution centers across North America and Australasia, serving 200,000+ OEM and MRO customers.
Genuine Parts Company (NYSE: GPC), a global provider of automotive and industrial replacement parts and value-added solutions, has announced its participation in the 14th Annual UBS Global Consumer and Retail Conference. The company's presentation will feature President & CEO Will Stengel and EVP & CFO Bert Nappier, scheduled for Wednesday, March 12, 2025, at 9:00 a.m. ET.
The presentation will be accessible through a live webcast on the company's investor relations website, with a replay option available after the event.
Genuine Parts Company (GPC) reported its Q4 and full-year 2024 results, with Q4 sales reaching $5.8 billion, a 3.3% increase from the previous year. The company's full-year 2024 sales totaled $23.5 billion, up 1.7% from 2023.
Q4 net income was $133 million ($0.96 per diluted share), while adjusted net income was $224 million ($1.61 per diluted share). Full-year 2024 net income was $904 million ($6.47 per diluted share), with adjusted net income at $1.1 billion ($8.16 per diluted share).
For 2025, GPC provided guidance including: revenue growth of 2-4%, adjusted diluted EPS of $7.75-$8.25, and a 3% dividend increase marking the 69th consecutive year of dividend increases. The company generated $1.3 billion in operating cash flow and $684 million in free cash flow for 2024, returning $705 million to shareholders through dividends and share repurchases.
Genuine Parts Company (NYSE: GPC), a global provider of automotive and industrial replacement parts and value-added solutions, has announced it will release its fourth quarter and full-year 2024 financial results on February 18, 2025. The company will host a conference call at 8:30 a.m. ET following the release. Investors can access the webcast and supplemental earnings materials through the company's investor relations website or join via phone at 1-800-836-8184. A replay will be available on the website or by calling 1-888-660-6345 (ID 95562#) two hours after the call ends.
Ping Identity announced the winners of its eighth Identity Excellence Awards at the Ping YOUniverse conference, recognizing companies for outstanding achievements in digital identity security. Six major companies were honored across different categories:
DISH Network won Cloud Migration Champion for successful migration to PingOne Advanced Services, serving 46 million customers. Truckstop earned Fraud Reduction Champion for implementing multiple PingOne solutions. Western Union received Migration & Modernization Champion for PingOne implementation.
GPC was named End to End Champion for comprehensive identity management solutions deployment. United Airlines won Customer Experience Champion, while FedEx received Better Together Partner award for implementing Ping Advanced Identity Cloud to enhance customer experience and reduce costs.
Genuine Parts Company (NYSE: GPC), a global 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 paid on January 2, 2025 to shareholders of record as of December 6, 2024. This announcement comes from the company's Board of Directors as part of their regular dividend distribution program.
Genuine Parts Company (NYSE: GPC) reported its Q3 2024 results and revised its full-year outlook. Sales increased 2.5% to $6.0 billion, driven by a 3.2% benefit from acquisitions and a 0.1% favorable impact of foreign currency, partially offset by a 0.8% decrease in comparable sales. Net income was $227 million, or $1.62 per diluted share, compared to $351 million, or $2.49 per diluted share in the prior year period. Adjusted diluted EPS was $1.88.
The company revised its 2024 outlook, now projecting revenue growth of 1% to 2% (down from 1% to 3%) and adjusted diluted EPS of $8.00 to $8.20 (down from $9.30 to $9.50). The revision is primarily due to continued weakness in market conditions in Europe and the Industrial business.
Genuine Parts Company (NYSE: GPC), a global service provider of automotive and industrial replacement parts, has announced that its top executives will be presenting at the Gabelli Funds 48th Annual Automotive Symposium. The presentation is scheduled for Tuesday, November 5, 2024, at 2:00 p.m. ET.
Will Stengel, President & CEO, and Bert Nappier, EVP & CFO, will represent the company at this event. Investors and interested parties can access the live webcast of the presentation through the company's investor relations website. For those unable to attend the live event, a replay of the webcast will be made available after the presentation concludes.