$GPC (Genuine Parts Company)

$GPC {{ '2016-10-19T16:48:33+0000' | timeago}} • Webcast

$GPC saw low single digit decreases in its major accounts and fleet businesses during 3Q16. Major accounts business is a significant part of the overall wholesale business accounting for about $2Bil in sales. The auto care center business was down slightly YoverY. The company is seeing softness in its heavy duty truck business.

$GPC {{ '2017-10-19T19:52:36+0000' | timeago}} • Announcement

For FY17, $GPC is increasing its sales guidance to up 4-4.5% from the prior outlook of up 3-4%. The Company is also updating diluted EPS outlook to range from $4.47-4.52 and adjusted diluted EPS to range from $4.55-4.60 from the earlier guidance of $4.70-4.75.

$GPC {{ '2017-10-19T19:42:31+0000' | timeago}} • Announcement

Automotive replacement parts distributor $GPC reported a steep decline in earnings for 3Q17, hit by lower GM and higher OpEx. Company's profit plunged 14.5% to $158.4MM or $1.08 per share from $185.3MM or $1.24 per share in the year ago quarter. Revenue, however, increased 3.8% to $4.1Bil. On an adjusted basis, $GPC earned $1.16 per share.

$GPC {{ '2017-10-19T19:14:17+0000' | timeago}} • Infographic

$GPC Genuine Parts Company Earnings AlphaGraphic: Q3 2017 Highlights

$GPC {{ '2017-10-19T16:46:34+0000' | timeago}} • Announcement

$GPC entered into an agreement to acquire automotive parts distributor Monroe Motor Products. The deal is expected to close on November 1, 2017. Monroe will be consolidated into $GPC’s US Automotive operations and is expected to generate annual revenues of approx. $25MM.

$GPC {{ '2017-10-19T16:46:17+0000' | timeago}} • Announcement

$GPC announced acquisitions for both its Industrial Group, Motion Industries, and its US Automotive Parts Group. Motion Industries has agreed to acquire Apache Hose & Belting Company, Inc. The acquisition is expected to close on November 1, 2017. $GPC expects Apache to generate estimated annual revenues of $100MM.

$GPC {{ '2017-09-25T13:04:54+0000' | timeago}} • Announcement

$GPC entered into a definitive agreement to acquire Europe's Alliance Automotive Group (AAG) from private equity funds managed by Blackstone and AAG's co-founders. The transaction that is expected is close in 4Q17, is valued at a total purchase price of approx. $2Bil.

$GPC {{ '2017-08-21T18:13:59+0000' | timeago}} • Announcement

$GPC's BoD elected P. Russell Hardin as a new independent director of the Company.  The Board also declared a regular quarterly cash dividend of $0.675 per share on the Company's common stock. The dividend is payable October 2, 2017 to shareholders of record on September 8, 2017.

$GPC {{ '2017-04-24T20:56:10+0000' | timeago}} • Announcement

$GPC Executive Chairman Thomas C. Gallagher will retire as an executive officer and employee of the company, effective June 30, 2017. Mr. Gallagher will continue to serve as non-executive chairman of the board following his retirement.

$GPC {{ '2017-04-24T20:55:36+0000' | timeago}} • Announcement

$GPC's BoD has elected Sidney Jones to the position of SVP of Investor Relations. Jones has been with the company for 27 years and was previously VP of Investor Relations. Meanwhile, the BoD of $GPC declared a regular quarterly cash dividend of $0.675 per common share, payable on July 3, 2017 to shareholders of record on June 9, 2017.

$GPC {{ '2017-04-19T16:26:43+0000' | timeago}} • Webcast

$GPC said that about 75% of its auto business is currently DIFM commercial, while 25% is DIY retail. There are number of initiatives in play to drive additional retail business through stores, the company added.

$GPC {{ '2017-04-19T16:16:41+0000' | timeago}} • Webcast

$GPC said the declining used vehicle pricing will not have any significant impact on its business. The company does not anticipate any shift in the market due to declining used vehicle pricing and believes it will not impact the scrap rate. Scrap rate is a key metric that the company looks at to measure its automotive business.

$GPC {{ '2017-04-19T14:11:15+0000' | timeago}} • Infographic

$GPC Genuine Parts Company Earnings AlphaGraphics: Q1 2017 highlights

$GPC {{ '2017-04-19T12:52:39+0000' | timeago}} • Announcement

$GPC announced an acquisition for its U.S. Automotive Parts Group. $GPC agreed to buy Merle's Automotive Supply, with an effective close date of May 1, 2017. The addition of Merle's will consolidate into our U.S. automotive operations and is expected to generate about annual revenues of $45MM.

$GPC {{ '2017-04-19T12:52:34+0000' | timeago}} • Announcement

For FY17, $GPC anticipates sales to be up by approx. 3-4%. The company lifted its guidance for diluted EPS to $4.75-4.85 compared to initial outlook of $4.70-4.80.

$GPC {{ '2017-04-19T12:49:57+0000' | timeago}} • Announcement

Distributor of auto replacement parts $GPC's 1Q17 earnings rose 1.3%, helped by 5% increase in revenue. Net income during the quarter rose to $160.2MM from $158MM during 1Q16. Diluted EPS rose 3% YoY to $1.08 from $1.05 during prior year quarter. Revenue rose to $3.91Bil compared to $3.72Bil in 1Q16.

$GPC {{ '2017-04-05T13:27:04+0000' | timeago}} • Announcement

$GPC's  Electrical/Electronic Materials Group acquired  Empire Wire and Supply (Empire), effective April 1, 2017. Empire is an innovative provider of custom cable assemblies and distributor of network, electrical, automation and safety products. Empire is expected to generate annual revenues of approx $65MM. The deal value was not disclosed.

$GPC {{ '2017-02-21T19:07:53+0000' | timeago}} • Infographic

$GPC Genuine Parts Company Earnings AlphaGraphics: Q4 2016 Highlights

$GPC {{ '2017-02-21T17:15:21+0000' | timeago}} • Webcast

$GPC said in terms of its 2017 auto growth outlook of 3-4%, the growth would be stronger on the international side than the US, and this assumes core growth of 3-4%. There is a slight currency headwind built into this outlook. $GPC believes there is expansion potential in the Australia, New Zealand and Mexico markets.

$GPC {{ '2017-02-21T17:01:45+0000' | timeago}} • Webcast

$GPC expects core growth of 2-3% for 2017. In the distribution business, a core growth of 2-3% makes it difficult to leverage or have margin improvement which is why the company is giving an earnings number of plus 2-5%. The longer-term objective is to achieve a higher core growth of 4-6% going forward.

$GPC {{ '2017-02-21T16:26:49+0000' | timeago}} • Webcast

In 4Q16, $GPC’s Industrial sales were up 4% and comparable sales increased slightly. In the Electrical Distribution segment, EIS, sales were essentially flat in 4Q16. The Office Products Group reported a 4% increase in sales for 4Q16, driven by a 12% sales contribution from acquisitions.

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