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), 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.
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.