Edition:
United States

Genuine Parts Co (GPC.N)

GPC.N on New York Stock Exchange

86.26USD
20 Nov 2017
Change (% chg)

$0.13 (+0.15%)
Prev Close
$86.13
Open
$86.13
Day's High
$86.55
Day's Low
$85.93
Volume
152,720
Avg. Vol
240,257
52-wk High
$100.75
52-wk Low
$79.86

Latest Key Developments (Source: Significant Developments)

Genuine Parts announces industrial and automotive acquisitions
Thursday, 19 Oct 2017 08:35am EDT 

Oct 19 (Reuters) - Genuine Parts Co :Genuine Parts Company announces industrial and automotive acquisitions.Genuine Parts Co - ‍Deal adds approximately $125 million in annual revenue​.Genuine Parts Co - ‍Company expects Apache to generate estimated annual revenues of $100 million​.Genuine Parts Co - ‍Addition of Monroe will consolidate into U.S. Automotive operations, expected to generate approximate annual revenues of $25 million​.Genuine Parts Co - ‍In addition, co entered definitive agreement to acquire Monroe Motor products, with an effective close date of November 1, 2017​.  Full Article

Genuine Parts Company Q3 earnings per share $1.08
Thursday, 19 Oct 2017 08:30am EDT 

Oct 19 (Reuters) - Genuine Parts Co :Genuine Parts Company reports sales and earnings for the third quarter ended September 30, 2017.Q3 earnings per share $1.08.Q3 sales $4.1 billion versus I/B/E/S view $4.1 billion.Q3 earnings per share view $1.28 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $4.55 to $4.60.Sees FY 2017 earnings per share $4.47 to $4.52.Q3 adjusted earnings per share $1.16 excluding items.Sees FY 2017 sales up 4 to 4.5 percent.FY2017 earnings per share view $4.73, revenue view $15.99 billion -- Thomson Reuters I/B/E/S.Updates 2017 outlook​.Q3 profitability impacted by lower gross margin, higher operating expenses, co's margin expansion initiatives did not meet expectations​.  Full Article

Genuine Parts to acquire Alliance Automotive Group in $2 bln deal
Monday, 25 Sep 2017 07:00am EDT 

Sept 25 (Reuters) - Genuine Parts Co ::Genuine Parts Company enters definitive agreement to acquire Europe's alliance automotive group.Genuine Parts Co - ‍acquisition is valued at a total purchase price of approximately $2 billion​.Genuine Parts Co - ‍company expects acquisition to be immediately accretive to earnings in first year after closing.​.Genuine Parts Co says ‍expects acquisition to be immediately accretive to earnings in first year after closing​.Genuine Parts Co - ‍intends to finance transaction, including pay-off of AAG's existing debt arrangements, with approximately $2 billion of debt financing​.Genuine parts -‍for 2018, incremental diluted EPS estimated at $0.45 to $0.50 and adjusted EPS estimated at $0.65 to $0.70, which excludes items.Genuine parts co says ‍transaction has been approved by board of directors of GPC​.  Full Article

Genuine Parts Company reports Q2 earnings per share $1.29
Thursday, 20 Jul 2017 08:57am EDT 

July 20 (Reuters) - Genuine Parts Co ::Genuine Parts Company reports sales and earnings for the second quarter ended June 30, 2017.Q2 earnings per share $1.29.Q2 earnings per share view $1.31 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $4.70 to $4.75.Sees FY 2017 sales up 3 to 4 percent.Q2 sales $4.1 billion versus I/B/E/S view $4.04 billion.Genuine Parts Co says updates 2017 outlook.FY2017 earnings per share view $4.79, revenue view $15.90 billion -- Thomson Reuters I/B/E/S.  Full Article

Genuine Parts Company announces executive officer change
Monday, 24 Apr 2017 04:30pm EDT 

April 24 (Reuters) - Genuine Parts Co :Genuine Parts Company announces executive officer change.Genuine Parts Co - Thomas C. Gallagher, executive chairman of Genuine Parts Company, has informed board of directors of his decision to retire.Genuine Parts Co - Gallagher will continue to serve as non-executive chairman of board following his retirement.  Full Article

Genuine Parts says intends to challenge jury's verdict relating to co, NAPA
Friday, 21 Apr 2017 12:10pm EDT 

April 21 (Reuters) - Genuine Parts Co ::Intends to challenge verdict relating to co, national automotive parts association through post-trial motions - SEC filing.Intends to challenge verdict relating to co, National Automotive Parts Association through appeal to a higher court if necessary.  Full Article

Genuine Parts Q1 earnings per share $1.08
Wednesday, 19 Apr 2017 08:35am EDT 

April 19 (Reuters) - Genuine Parts Co ::Genuine Parts Company reports sales and earnings for the first quarter ended March 31, 2017.Q1 earnings per share $1.08.Q1 earnings per share view $1.05 -- Thomson Reuters I/B/E/S.Raises FY 2017 earnings per share view to $4.75 to $4.85.Sees FY 2017 sales up 3 to 4 percent.Q1 sales $3.91 billion versus I/B/E/S view $3.85 billion.Genuine parts co says raises 2017 earnings per share outlook.FY2017 earnings per share view $4.76, revenue view $15.82 billion -- Thomson Reuters I/B/E/S.  Full Article

Genuine Parts Company announces acquisition of Merle's Automotive Supply
Wednesday, 19 Apr 2017 08:29am EDT 

April 19 (Reuters) - Genuine Parts Co ::Genuine Parts Company announces acquisition of Merle's automotive supply.Genuine Parts Co - addition of Merle's is expected to generate approximate annual revenues of $45 million.Genuine Parts Co- addition of Merle's will consolidate into our U.S. Automotive operations.  Full Article

Genuine Parts Company announces acquisition of leading custom cabling and automation solutions distributor
Wednesday, 5 Apr 2017 09:12am EDT 

Genuine Parts Co : Genuine Parts Company announces acquisition of leading custom cabling and automation solutions distributor . Genuine Parts Co - Empire is expected to generate annual revenues of approximately $65 million .Genuine Parts Co - EIS, company's electrical/electronic materials group, has acquired Empire Wire and Supply, effective April 1, 2017.  Full Article

Genuine Parts invests in industrial distributor in Australasia
Thursday, 30 Mar 2017 08:00am EDT 

Genuine Parts Co : Genuine parts company invests in leading industrial distributor in australasia . Says co & inenco group enters into agreement whereby inenco will issue new shares to genuine parts co . Says deal represents a 35% stake in inenco for approximately $70 million in cash .Genuine parts co - parties agree to a structure by which genuine parts co to have opportunity to buy remaining 65% stake in inenco at a later date.  Full Article

BRIEF-Genuine Parts announces industrial and automotive acquisitions

* Genuine Parts Company announces industrial and automotive acquisitions