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 3Q Profit Up 22% Amid Higher Sales

DOW JONES NEWSWIRES Genuine Parts Co.'s (GPC) third-quarter profit jumped a bigger-than-expected 22% as its auto and industrial businesses' sales continued to improve. The operator of the NAPA automotive parts chain has seen results improve this year, helped by a recovering manufacturing sector that Chairman and Chief Executive Thomas Gallagher said Friday "is performing well today." Its auto unit--the largest by revenue--has also seen demand improve after weathering the downturn relatively well as consumers fixed old vehicles rather than buy new ones. Genuine Parts posted a profit of $131.8 million, or 83 cents a share, up from $107.6 million, or 67 cents a share, a year earlier. Sales rose 13% to $2.95 billion. Analysts polled by Thomson Reuters most recently forecast earnings of 76 cents on $2.85 billion in revenue. Gross margin narrowed to 28.9% from 29.4% amid higher costs. But that was more than offset by overhead expenses rising just 8.1%. Genuine Parts' automotive segment saw revenue increase 7.2% while profit grew 15%. Earnings at the industrial business doubled as sales jumped 29% following last year's 22% drop. Shares closed Thursday at $45.54 and were inactive premarket. The stock is up 20% this year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240;

Stock News for Genuine Parts (GPC)
04/29/201610:33:41Quarterly Report (10-q)
04/28/201615:06:40Statement of Changes in Beneficial Ownership (4)
04/28/201615:05:20Statement of Changes in Beneficial Ownership (4)
04/28/201615:04:55Statement of Changes in Beneficial Ownership (4)
04/28/201615:04:28Statement of Changes in Beneficial Ownership (4)
04/28/201615:03:37Statement of Changes in Beneficial Ownership (4)
04/28/201615:02:19Statement of Changes in Beneficial Ownership (4)
04/26/201616:54:01Current Report Filing (8-k)
04/25/201616:44:32Current Report Filing (8-k)
04/25/201616:10:00Genuine Parts Company Declares Regular Quarterly Dividend
04/25/201616:05:00Genuine Parts Company Announces New Chief Executive Officer
04/21/201613:32:22Statement of Changes in Beneficial Ownership (4)
04/21/201613:28:42Statement of Changes in Beneficial Ownership (4)
04/21/201613:27:39Statement of Changes in Beneficial Ownership (4)
04/21/201613:26:29Statement of Changes in Beneficial Ownership (4)
04/19/201610:20:00Genuine Parts Revenue Edges Down 0.5%
04/19/201609:01:33Current Report Filing (8-k)
04/19/201608:45:00Genuine Parts Company Reports Sales And Earnings For The First...
04/06/201616:40:49Statement of Changes in Beneficial Ownership (4)
04/06/201616:39:31Statement of Changes in Beneficial Ownership (4)

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations