Declared Dividend • May 01
First quarter dividend of US$1.06 announced Shareholders will receive a dividend of US$1.06. Ex-date: 5th June 2026 Payment date: 2nd July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 9x earnings) nor is it covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 965% to bring the payout ratio under control. EPS is expected to grow by 170% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Apr 29
Genuine Parts Company Declares Regular Quarterly Cash Dividend, Payable on July 2, 2026 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.0625 per share on the company's common stock. The dividend is payable on July 2, 2026 to shareholders of record on June 5, 2026. Reported Earnings • Apr 22
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: US$1.37 (down from US$1.40 in 1Q 2025). Revenue: US$6.26b (up 6.8% from 1Q 2025). Net income: US$188.5m (down 3.0% from 1Q 2025). Profit margin: 3.0% (down from 3.3% in 1Q 2025). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 22
Genuine Parts Company Reaffirms Earnings Guidance for the Year Ending December 31, 2026 Genuine Parts Company reaffirmed earnings guidance for the year ending December 31, 2026. For the period, the company reaffirmed total sales growth of 3% to 5.5%, Diluted earnings per share $6.10 to $6.60. Announcement • Mar 31
Genuine Parts Company to Report Q1, 2026 Results on Apr 21, 2026 Genuine Parts Company announced that they will report Q1, 2026 results on Apr 21, 2026 Announcement • Mar 20
Genuine Parts Company Announces Resignation of Naveen Krishna as Executive Vice President, Chief Information & Digital Officer On March 18, 2026, Naveen Krishna, the Executive Vice President, Chief Information & Digital Officer of Genuine Parts Company (the “Company”), notified the Company of his intent to resign from the Company to pursue other opportunities. Mr. Krishna will step down as an executive officer of the Company, effective April 1, 2026, but will remain an employee of the Company until May 5, 2026 to assist with an orderly transition of his responsibilities. The Company does not intend to appoint a successor at this time, and all responsibilities associated with Mr. Krishna’s role will be reallocated to other individuals within the Company. Mr. Krishna will not receive any severance benefits in connection with his voluntary departure from the Company. Announcement • Mar 02
Genuine Parts Company, Annual General Meeting, Apr 27, 2026 Genuine Parts Company, Annual General Meeting, Apr 27, 2026. Declared Dividend • Feb 19
Fourth quarter dividend increased to US$1.06 Dividend of US$1.06 is 3.2% higher than last year. Ex-date: 6th March 2026 Payment date: 2nd April 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 8x earnings) nor is it covered by cash flows (139% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 865% to bring the payout ratio under control. EPS is expected to grow by 105% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 18
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$0.47 (down from US$6.49 in FY 2024). Revenue: US$24.3b (up 3.5% from FY 2024). Net income: US$65.9m (down 93% from FY 2024). Profit margin: 0.3% (down from 3.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jan 27
Genuine Parts Company to Report Q4, 2025 Results on Feb 17, 2026 Genuine Parts Company announced that they will report Q4, 2025 results on Feb 17, 2026 Announcement • Jan 15
Genuine Parts Company Announces Board Changes Genuine Parts Company announced that Paul D. Donahue, Non-Executive Chairman, plans to retire from the Board of Directors at the company's 2026 annual meeting of shareholders. The company also announced that its Board of Directors has appointed Will Stengel, currently the company's President and Chief Executive Officer, to the additional role of Chairman of the Board of Directors. Upon Mr. Donahue's retirement, Mr. Stengel will assume the combined position of Chairman and Chief Executive Officer. Mr. Stengel has served as a member of the Board of Directors and as the company's President and Chief Executive Officer since June 2024. Mr. Stengel previously served as President of GPC from January 2021 to January 2023 and as Executive Vice President and Chief Transformation Officer from November 2019 to January 2021. The combined roles of Chairman and Chief Executive Officer promote unified leadership and direction for the company and leverage Mr. Stengel's extensive operational and strategic expertise. New Risk • Dec 21
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$944k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (429% cash payout ratio). Significant insider selling over the past 3 months (US$944k sold). Declared Dividend • Nov 20
Third quarter dividend of US$1.03 announced Shareholders will receive a dividend of US$1.03. Ex-date: 5th December 2025 Payment date: 5th January 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (429% cash payout ratio). The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 18
Genuine Parts Company Declares Regular Quarterly Cash Dividend, Payable on January 5, 2026 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.03 per share on the company's common stock. The dividend is payable on January 5, 2026 to shareholders of record on December 5, 2025. Reported Earnings • Oct 21
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$1.63 (down from US$1.63 in 3Q 2024). Revenue: US$6.26b (up 4.9% from 3Q 2024). Net income: US$226.2m (flat on 3Q 2024). Profit margin: 3.6% (down from 3.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Announcement • Oct 21
Genuine Parts Company Revises Financial Guidance for the Full Year Ending December 31, 2025 Genuine Parts Company revised financial guidance for the full year ending December 31, 2025. For the year ending December 31, 2025, the company expects total sales growth of 3% to 4% compared to previous guidance of 1% to 3%, automotive sales growth of 4% to 5% compared to previous guidance of 1.5% to 3.5%, and industrial sales growth of 2% to 3% compared to previous guidance of 1% to 3%. The company expected diluted earnings per share of $6.55 to $6.80 compared to previous guidance of $6.55 to $7.05. Board Change • Oct 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Matt Carey was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Genuine Parts Company to Report Q3, 2025 Results on Oct 21, 2025 Genuine Parts Company announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Announcement • Sep 04
Genuine Parts Company Announces Board Changes, Effective September 4, 2025 Genuine Parts Company announced the following changes to its Board of Directors as part of its ongoing refreshment program: Appointments, effective September 4, 2025, of Courtney Carruthers, who previously served as President and CEO of TricorBraun, a B2B global packaging distributor, following various executive leadership roles at Grainger; and Matt Carey, who previously served as EVP, Customer Experience and Chief Information Officer at The Home Depot following technology leadership roles at eBay and Walmart, as independent directors to the Board. Robert ("Robin") Charles Loudermilk, Jr. and John R. Holder, who served on the Board since 2010 and 2011, respectively, will retire from the Board on September 4, 2025. GPC's board refreshment efforts over the past year have reduced the size of the board and strategically added financial, industry and operational expertise to replace six retiring directors. Court Carruthers is a seasoned global executive and board leader with over 30 years of experience driving growth, transformation and operational excellence in industrial distribution and service businesses. He is the Vice Chair and former President and CEO of TricorBraun, a privately-held global packaging distributor. Mr. Carruthers previously served as Group President at Grainger, where he led a $9 billionAmericas business spanning 15,000 team members across nine countries and oversaw the company's global eCommerce platform. Mr. Carruthers currently serves on the boards of Ryerson, a global distributor and processor of industrial metals, and ExperiGreen Lawn Care. He previously served as a board member at US Foods and Foundation Building Materials. Mr. Carruthers holds a Bachelor of Commerce from University of Alberta in Edmonton, Canada; an MBA from Queen's University in Kingston, Canada, a DBA from Pepperdine University in California; and is a Chartered Professional Accountant (Canada).Matt Carey served as the Executive Vice President of Customer Experience of The Home Depot Inc., a leading home improvement retailer, from 2022 until 2025, and previously served as Executive Vice President and Chief Information Officer of The Home Depot since 2008. Prior to The Home Depot, Mr. Carey served as the Senior Vice President and Chief Technology Officer at eBay Inc. He also held various positions with Wal-Mart Stores Inc., with his final role as Senior Vice President and Chief Technology Officer. Mr. Carey has significant cybersecurity expertise through his current and prior positions as the chief technology officer of large retail companies. He also brings a strong understanding of artificial intelligence and emerging technologies and their impact on the customer's experience. He currently serves as a board member at Chipotle and previously served as a director of Geeknet Inc. and TransUnion Corp.Mr. Carey received an Associate of Applied Science from Oklahoma State University-Okmulgee. Upcoming Dividend • Aug 29
Upcoming dividend of US$1.03 per share Eligible shareholders must have bought the stock before 05 September 2025. Payment date: 02 October 2025. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.7%). Declared Dividend • Aug 15
Second quarter dividend of US$1.03 announced Shareholders will receive a dividend of US$1.03. Ex-date: 5th September 2025 Payment date: 2nd October 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (228% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 13
Genuine Parts Company Declares Regular Quarterly Cash Dividend, Payable on October 2, 2025 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of one dollar and three cents ($1.03) per share on the company's common stock. The dividend is payable on October 2, 2025 to shareholders of record on September 5, 2025. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: US$1.83 (down from US$2.12 in 2Q 2024). Revenue: US$6.16b (up 3.4% from 2Q 2024). Net income: US$254.9m (down 14% from 2Q 2024). Profit margin: 4.1% (down from 5.0% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jul 22
Genuine Parts Company Revises Earnings Guidance for the Year Ending December 31, 2025 Genuine Parts Company provided earnings guidance for the year ending December 31, 2025. The company expects total sales growth of 1% to 3% against 2% to 4% previously guided and Diluted earnings per share $6.55 to $7.05 against $6.95 to $7.45 previously guided. Announcement • Jul 02
Genuine Parts Company to Report Q2, 2025 Results on Jul 22, 2025 Genuine Parts Company announced that they will report Q2, 2025 results on Jul 22, 2025 Announcement • Jun 10
Genuine Parts Company Announces Executive Changes Genuine Parts Company announced Randy Breaux's decision to retire as Group President, GPC North America at the end of 2025. Alain Masse is promoted from President, UAP Inc., GPC's Canadian automotive business, to the newly created role of President, North America Automotive, effective August 2025. Mr. Breaux will serve in an advisory role until his retirement to assist in an orderly and seamless transition. Mr. Masse joined GPC in 2011 as Executive Vice President, Heavy Vehicle Parts Division at UAP Inc. and was promoted two years later to Executive Vice President, NAPA. In 2015, he was named President of UAP. With over 14 years of progressive experience at GPC, Mr. Masse is a highly motivated leader with a deep understanding of the automotive aftermarket industry and NAPA business model. In the new role, Mr. Masse will oversee the automotive businesses across North America. He will report to Will Stengel, President and Chief Executive Officer. Upcoming Dividend • May 30
Upcoming dividend of US$1.03 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 66% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.8%). Declared Dividend • May 01
First quarter dividend of US$1.03 announced Shareholders will receive a dividend of US$1.03. Ex-date: 6th June 2025 Payment date: 2nd July 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but not covered by cash flows (178% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
Genuine Parts Company Reaffirms Earnings Guidance for the Full Year 2025 Genuine Parts Company reaffirmed earnings guidance for the full year 2025. For the year, the company expects total sales growth of 2% to 4% and diluted earnings per share of $6.95 to $7.45. Reported Earnings • Apr 23
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: US$1.40 (down from US$1.79 in 1Q 2024). Revenue: US$5.87b (up 1.4% from 1Q 2024). Net income: US$194.4m (down 22% from 1Q 2024). Profit margin: 3.3% (down from 4.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Announcement • Apr 01
Genuine Parts Company to Report Q1, 2025 Results on Apr 22, 2025 Genuine Parts Company announced that they will report Q1, 2025 results on Apr 22, 2025 Declared Dividend • Feb 20
Fourth quarter dividend increased to US$1.03 Dividend of US$1.03 is 3.0% higher than last year. Ex-date: 7th March 2025 Payment date: 2nd April 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (87% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Announcement • Feb 19
Genuine Parts Company announces Quarterly dividend, payable on April 02, 2025 Genuine Parts Company announced Quarterly dividend of USD 1.0300 per share payable on April 02, 2025, ex-date on March 07, 2025 and record date on March 07, 2025. New Risk • Feb 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (87% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Feb 18
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$6.49 (down from US$9.38 in FY 2023). Revenue: US$23.5b (up 1.7% from FY 2023). Net income: US$904.1m (down 31% from FY 2023). Profit margin: 3.8% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Feb 17
Genuine Parts Company, Annual General Meeting, Apr 28, 2025 Genuine Parts Company, Annual General Meeting, Apr 28, 2025. Announcement • Jan 28
Genuine Parts Company to Report Fiscal Year 2024 Results on Feb 18, 2025 Genuine Parts Company announced that they will report fiscal year 2024 results on Feb 18, 2025 Declared Dividend • Nov 22
Third quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 6th December 2024 Payment date: 2nd January 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 20
Genuine Parts Company Declares Regular Quarterly Dividend, Payable on January 2, 2025 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.00 per share on the company's common stock. The dividend is payable on January 2, 2025 to shareholders of record on December 6, 2024. Announcement • Nov 08
Private Equity Reportedly Kicking the Tyres of Questas Private equity firms are understood to be the players most interested in buying the $400 million industrial business Questas Group Pty Ltd, with the sale process likely to be wrapped up by Christmas. DataRoom reported last month that the business was on offer by owner Allegro Funds (Allegro Funds Pty Ltd) through investment bank UBS, with expectations it might sell for about $400 million. Some industry experts believed that one of the most likely trade buyers to take a look would be Genuine Parts Company (NYSE:GPC) (GPC), which operates in similar areas to Questas. Another is the company Applied Industrial Technologies, Inc. (NYSE:AIT). But the understanding is that mid-sized private equity firms will dominate the competition. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$118, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Retail Distributors industry in the US. Total loss to shareholders of 2.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$225 per share. Major Estimate Revision • Oct 29
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$8.76 to US$7.57 per share. Revenue forecast steady at US$23.4b. Net income forecast to grow 7.4% next year vs 12% growth forecast for Retail Distributors industry in the US. Consensus price target down from US$155 to US$133. Share price fell 17% to US$118 over the past week. Price Target Changed • Oct 24
Price target decreased by 11% to US$138 Down from US$154, the current price target is an average from 11 analysts. New target price is 18% above last closing price of US$116. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of US$7.50 for next year compared to US$9.38 last year. Reported Earnings • Oct 22
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: US$1.63 (down from US$2.50 in 3Q 2023). Revenue: US$5.97b (up 2.5% from 3Q 2023). Net income: US$226.6m (down 36% from 3Q 2023). Profit margin: 3.8% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 22
Genuine Parts Company Revises Earnings Guidance for the Year Ending December 31, 2024 Genuine Parts Company revised earnings guidance for the Year Ending December 31, 2024. For the period, the company now expects Total sales growth of 1% to 2% as compared to 1% to 3% expected previously and Diluted earnings per share of $6.60 to $6.80 as compared to $8.55 to $8.75 expected previously. Announcement • Oct 01
Genuine Parts Company to Report Q3, 2024 Results on Oct 22, 2024 Genuine Parts Company announced that they will report Q3, 2024 results on Oct 22, 2024 Declared Dividend • Aug 23
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 6th September 2024 Payment date: 1st October 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
Genuine Parts Company Declares Regular Quarterly Dividend, Payable on October 1, 2024 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.00 per share on the company's common stock. The dividend is payable on October 1, 2024 to shareholders of record on September 6, 2024. Announcement • Aug 19
Genuine Parts Company Appoints Jenn Hulett as Executive Vice President and Chief People Officer Genuine Parts Company announced that Jenn Hulett joined GPC as Executive Vice President and Chief People Officer, effective August 19, 2024. Jim Neill, who previously announced his retirement from GPC, will continue to serve in an advisory role through September 30, 2024 to support Ms. Hulett during the transition. In her new role, Ms. Hulett will be responsible for GPC's global human resources operations and will play a key role in advancing the company's talent and culture initiatives. She will report to Will Stengel, President and Chief Executive Officer. Ms. Hulett joins GPC with a wealth of experience, most recently serving as Executive Vice President and Chief People Officer for Dollar Tree. In this role, she oversaw all aspects of HR, as well as internal and external communications and community engagement. Her impressive career also includes executive leadership roles at Core-Mark, Ericsson and General Electric, highlighting her ability to execute talent initiatives within large, global organizations. Reported Earnings • Jul 24
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$2.12 (down from US$2.45 in 2Q 2023). Revenue: US$5.96b (flat on 2Q 2023). Net income: US$295.5m (down 14% from 2Q 2023). Profit margin: 5.0% (down from 5.8% in 2Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Retail Distributors industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
Genuine Parts Company Updates Earnings Guidance for the Full Year Ending December 31, 2024 Genuine Parts Company updated earnings guidance for the full year ending December 31, 2024. For the year, the company expects total sales growth of 1% to 3% compared to previous guidance of 3% to 5% and Diluted earnings per share of $8.55 to $8.75 as compared to previous guidance of $9.05 to $9.20.