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Genuine Parts Co (GPC.N)

GPC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Genuine Parts Company Announces Industrial And Automotive Acquisitions
Wednesday, 19 Sep 2018 08:30am EDT 

Sept 19 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY ANNOUNCES INDUSTRIAL AND AUTOMOTIVE ACQUISITIONS.GENUINE PARTS CO - EXPECTS HSC TO GENERATE ESTIMATED ANNUAL REVENUES OF $85 MILLION.GENUINE PARTS CO - MOTION INDUSTRIES ENTERED AGREEMENT TO ACQUIRE HYDRAULIC SUPPLY COMPANY.GENUINE PARTS CO - HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE HASTINGS AUTO PARTS, INC.GENUINE PARTS CO - HASTINGS IS EXPECTED TO GENERATE APPROXIMATE ANNUAL REVENUES OF $10 MILLION.  Full Article

Pzena Investment Management, Llc Reports 12.04 Percent Stake In Essendant Inc
Monday, 17 Sep 2018 07:29am EDT 

Sept 17 (Reuters) - Essendant Inc ::PZENA INVESTMENT MANAGEMENT, LLC REPORTS A 12.04 PERCENT STAKE IN ESSENDANT INC AS OF SEPTEMBER 14, 2018 - SEC FILING.PZENA INVESTMENT MANAGEMENT BELIEVES STAPLES' PROPOSAL TO BUY ESSENDANT DOES NOT CONSTITUTE SUPERIOR OFFER TO PROPOSAL BY SP RICHARDS, SUBSIDIARY OF GENUINE PARTS.PZENA INVESTMENT MANAGEMENT-ENGAGED & EXPECTS TO CONTINUE TO ENGAGE IN DISCUSSIONS WITH ESSENDANT WITH RESPECT TO ESSENDANT'S PROPOSED DEAL BY STAPLES.PZENA INVESTMENT MANAGEMENT - PIM DOES NOT INTEND TO SUPPORT THE PROPOSED ACQUISITION BY STAPLES.  Full Article

Pzena Investment Management Opposes Staples’S Acquisition Of Essendant
Wednesday, 12 Sep 2018 05:20pm EDT 

Sept 12 (Reuters) - Pzena Investment Management Inc ::PZENA INVESTMENT MANAGEMENT OPPOSES STAPLES’S ACQUISITION OF ESSENDANT.PZENA INVESTMENT MANAGEMENT - BELIEVES STAPLES' PROPOSAL TO ACQUIRE ESSENDANT AT $12.80/SHARE DOES NOT CONSTITUTE SUPERIOR OFFER TO PROPOSED DEAL WITH SP RICHARDS.PZENA INVESTMENT MANAGEMENT SAYS DOES NOT INTEND TO SUPPORT STAPLES PROPOSAL 'AS IT CURRENTLY STANDS IF AND WHEN IT IS PRESENTED TO SHAREHOLDERS'.PZENA INVESTMENT MANAGEMENT SAYS STAPLES' OFFER OF $12.80/SHARE FOR ESSENDANT DOES NOT ADEQUATELY VALUE ESSENDANT INDEPENDENT OF SP RICHARDS DEAL.  Full Article

Genuine Parts Company Q4 Earnings Per Share $0.73
Tuesday, 20 Feb 2018 08:30am EST 

Feb 20 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY REPORTS 2017 SALES AND EARNINGS FOR THE FOURTH QUARTER AND FULL YEAR.Q4 EARNINGS PER SHARE $0.73.Q4 SALES ROSE 11.3 PERCENT TO $4.2 BILLION.SEES FY 2018 EARNINGS PER SHARE $5.60 TO $5.75 INCLUDING ITEMS.Q4 ADJUSTED EARNINGS PER SHARE $1.19 INCLUDING ITEMS.SEES FY 2018 SALES UP 12 TO 13 PERCENT.Q4 EARNINGS PER SHARE VIEW $1.07, REVENUE VIEW $4.05 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $5.83, REVENUE VIEW $18.37 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

BRIEF-Genuine Parts Comments On Merger Agreement With Essendant Following Staples' Proposal

* GENUINE PARTS COMPANY COMMENTS ON DEFINITIVE MERGER AGREEMENT WITH ESSENDANT FOLLOWING STAPLES' CONDITIONAL, NON-BINDING PROPOSAL TO ACQUIRE ESSENDANT