ADVFN - Advanced Financial Network.
HOME» NYSE » G » GPC Stock Price » GPC Stock News

Genuine Parts Share News

 Genuine Parts Co. Stock Price
GPC Stock Price
 Genuine Parts Co. Stock Chart
GPC Stock Chart
 Genuine Parts Co. Stock News
GPC Stock News
 Genuine Parts Co. Company Information
GPC Company Information
 Genuine Parts Co. Stock Trades
GPC Stock Trades

Genuine Parts 4Q Net Rises 13% On Improved Auto Performance

DOW JONES NEWSWIRES Genuine Parts Co. (GPC) posted a surprise 13% jump in fourth-quarter earnings. The parts distributor and seller saw improved results in its automotive segment. Shares rose 5% to $40.08 in recent trading. "We are encouraged by the sequential improvement across all of our business segments," said Chairman and Chief Executive Tom Gallagher. "We observed some early signs of improving market conditions in the latter part of 2009, and we feel this bodes well for a stronger performance in 2010." The operator of NAPA parts stores had seen profits decline as it leaned heavily on its parts business, which has been somewhat recession-resistant as consumers repair old vehicles rather than buying new ones. But industrial-production declines have affected the bottom line significantly. Genuine Parts reported a profit of $99.2 million, or 62 cents a share, up from $87.8 million, or 55 cents, a year earlier. Revenue declined 1.9% to $2.47 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 50 cents on $2.4 billion in revenue. Gross margin rose to 31.1% from 29.8%. The company's automotive segment--its biggest--saw revenue rise 5.9% while operating profit rose 11%. Meanwhile, its industrial segment's revenue declined 11% and profit dropped 16%. Genuine Parts is the largest member and majority owner of the National Automotive Parts Association, a voluntary trade group that distributes automotive replacement parts in North America. Genuine Parts also distributes industrial parts, business products and electrical components. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; [email protected];

Stock News for Genuine Parts (GPC)
DateTimeHeadline
02/21/201708:48:08Current Report Filing (8-k)
02/21/201708:33:00Genuine Parts Company Reports 2016 Sales And Earnings For The...
02/21/201708:31:59Current Report Filing (8-k)
02/21/201707:00:00Genuine Parts Company Marks 61st Consecutive Year Of Increased...
02/10/201717:34:07Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:33:17Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:32:48Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:31:56Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:31:31Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:31:04Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:30:13Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:29:48Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:25:55Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:25:00Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:24:33Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:23:42Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:23:20Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:17:09Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:15:52Annual Statement of Changes in Beneficial Ownership (5)
02/10/201717:15:26Annual Statement of Changes in Beneficial Ownership (5)

Genuine Parts and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US