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  1. ATLANTA, May 1, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today an acquisition for its U.S. Automotive business. Effective April 30, 2024, the company acquired Motor Parts & Equipment Corporation (MPEC).

    MPEC, founded in 1938, is based in Rockford, Illinois. It is the largest independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin.

    "We are pleased to announce the completion of this strategic acquisition, which aligns with our initiative to own more NAPA stores in priority markets," said Will Stengel, President & CEO-elect of GPC. "We appreciate our long-standing partnership with MPEC's Executive Chairman, Joseph Hansberry, and welcome our new MPEC teammates to GPC and NAPA. We are excited to work together to deliver solutions and value to our customers."

    About Genuine Parts Company
    Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at genpt.com.

    SOURCE Genuine Parts Company

    For further information: Investor, Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media, Heather Ross, (678) 934-5220, Vice President - Strategic Communications

    View the full article

  2. ATLANTA, April 30, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced that its shareholders elected Mr. Charles "Chuck" K. Stevens as a new director of the company. Additionally, Mr. E. Jenner Wood has retired as a director.

    Mr. Stevens held the position of executive vice president and chief financial officer of General Motors Company from 2014 to 2018. Prior to that role, he held a variety of leadership positions within General Motors Company's finance team.

     
    • Genuine_Parts_Company_Chuck_Stevens.jpg?
      Genuine Parts Company
      Chuck-Stevens

    "We want to extend our sincere gratitude to Jenner for his nearly 10 years of service on our board. We thank him for his leadership and many contributions to GPC," said Paul Donahue, Chairman and CEO. "As Jenner retires, we would also like to welcome Chuck to our Board of Directors. His extensive experience in the automotive industry, along with his financial and accounting expertise, make him a valuable addition to our board. We look forward to his future contributions to GPC."

    In addition, GPC's Board of Directors declared a regular quarterly cash dividend of one dollar ($1.00) per share on the company's common stock. The dividend is payable July 1, 2024 to shareholders of record June 7, 2024.

    About Genuine Parts Company
    Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at genpt.com.

    SOURCE Genuine Parts Company

    For further information: Investor contact: Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media contact: Heather Ross, (678) 934-5220, Vice President - Strategic Communications

    View the full article

  3. ATLANTA, April 29, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today that Paul D. Donahue will transition from chairman and CEO to executive chairman, effective June 3, 2024. At that time, William P. Stengel, II, currently president and COO, will succeed Mr. Donahue as president and CEO of GPC and will serve as a member of the board of directors.

    "The board is confident that Will is the right person to lead GPC into the future and that the company is positioned to continue delivering value to our customers and shareholders," said John D. Johns, lead independent director of GPC's board of directors. "During his tenure at GPC, he's worked closely with Paul to shape the company's strategic priorities and with the global leadership teams to evolve the business and deliver outstanding performance."

    Mr. Stengel joined the company in 2019 as executive vice president and chief transformation officer with nearly two decades of significant leadership and professional experience. In 2021, he was promoted to serve as only the eighth president in the company's history. His role expanded to president and chief operating officer in 2023. Prior to joining GPC, he served in various executive leadership roles at HD Supply, including as president and CEO of HD Supply Facilities Maintenance, as well as at The Home Depot and in various investment banking roles.

    "I am humbled and honored for the opportunity to lead Genuine Parts Company and especially grateful for my GPC teammates and the support of Paul and the board of directors," said Mr. Stengel. "We will continue to build on the strong foundation laid over many years as we work to deliver solutions for our customers, invest in talent and capabilities and create value for our shareholders."

    "On behalf of the board of directors, I want to extend our heartfelt appreciation to Paul for his remarkable leadership spanning over two decades, culminating as chairman and CEO," said Mr. Johns. "Under his leadership, the company simplified its business mix, expanded its global footprint and delivered significant shareholder value. Paul's positive impact on GPC has been remarkable, and we look forward to his continued guidance as he transitions to his new role as executive chairman." 

    "I am incredibly proud of all we have accomplished as One GPC team, and equally grateful for the 20+ years I have been privileged to work for this amazing company. As I transition from the CEO role, I am pleased to welcome Will as only the sixth CEO in our company's 96-year history," said Mr. Donahue. "I have every confidence in Will, our global leadership teams and our board of directors to deliver on our vision to be the leading global automotive and industrial parts distributor and solutions provider."

    About Genuine Parts Company
    Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at genpt.com.

    SOURCE Genuine Parts Company

    For further information: Investor Contact, Timothy Walsh, (678) 934-5349, Senior Director, Investor Relations; Media Contact, Heather Ross, (678) 934-5220, Vice President, Strategic Communications

    View the full article

    • Chase Elliott and the No. 9 NAPA Auto Parts team qualified 29th for Sunday’s NASCAR Cup Series race at Dover Motor Speedway.
    • Elliott showcased a 16-position gain by lap 60 en route to a ninth-place result in stage one and followed that up with a fifth-place finish in stage two.
    • The 28-year-old driver remained in the top 10 during the final stage, ultimately finishing the 400-lap race in the fifth position.
    • The 2020 NASCAR Cup Series champion ranks third in the points standings, just 33 markers behind the leader.

    Following Saturday’s practice and qualifying sessions at Dover Motor Speedway, Chase Elliott started Sunday’s NASCAR Cup Series race 29th. At the start of the scheduled 400-lap race, Elliott navigated among the surrounding cars, advancing to 20th by lap 39 before the first caution waved over the field. Under the caution, Elliott brought the No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 to pit road for four tires, fuel and air pressure adjustments. Unfortunately, when exiting pit road, he made contact with a competitor but sustained no damage. On lap 48, Elliott took the green from the outside lane in the 15th position. Progressing steadily, he maneuvered to 13th halfway through stage one, making a gain of 16 positions at the “Monster Mile.” Continuing his charge, the 28-year-old driver entered the top 10 behind Hendrick Motorsports teammate Alex Bowman with 46 laps to go in the stage. As the first stage drew to a close, another caution came out with two laps to go, ultimately leading to a ninth-place finish for Elliott under the yellow flag on lap 120.

    Amid the caution, Elliott communicated to the No. 9 team that his Chevrolet experienced some tightness when near to his competitors. On lap 123, he pitted for four tires, fuel and air pressure adjustments. When the green flag waved on lap 130, Elliott resumed in the ninth position. Shortly after the restart, the Dawsonville, Georgia, native reported that he got into the wall, but No. 9 crew chief Alan Gustafson reassured him that the NAPA Auto Parts Chevy was good and had no visible damage. On lap 182, Elliott visited pit road for fresh tires and fuel as green-flag pit stops were underway. He raced inside the top 10 as the pit cycle continued and advanced to the top five in the closing laps of the second stage. Ultimately, he took the green-and-white checkered flag in the fifth position on lap 250.

    During the stage break, Elliott expressed confidence in his No. 9 NAPA Auto Parts Chevrolet, stating that he felt “just as good as everyone else” before pitting for four tires and fuel on lap 253. As the green flag waved for the start of the final stage on lap 259, Elliott was in the fifth position and continued to battle inside the top 10 until green-flag pit stops began. Elliott pitted for more tires and fuel on lap 320, but following his return to the track, a caution came out. Leveraging the No. 9 team’s strategy, Elliott stayed out during the caution, along with other drivers who had already pitted, which put him in the fourth spot for the restart. Following another caution, the green flag waved again on lap 339, with Elliott placed fifth. Demonstrating resilience, Elliott fended off his competitors to secure a top-five finish, taking the checkered flag in the fifth position at the conclusion of Sunday’s race on lap 400.

    Elliott leaves Dover Motor Speedway third in the Cup Series points standings, just 33 markers behind the leader.

    “I was really happy with our car, honestly. A couple of moves here or there… I needed to just get myself a little further forward. But I’m really happy with the NAPA Chevy. We had a really solid day, and it was fun. It’s always fun when you can pass your way to the front.”

    Start / Finish: 29 / 5
    Points Standing / Total: 3rd / 377 pts. (-33)

    Next Race: Sunday, May 5, Kansas Speedway
    How to Watch or Listen: 3:00 p.m. ET on FS1, MRN or SiriusXM

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Rallies to Fifth-Place Result at Dover appeared first on NAPA Blog.

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  4. Ron Capps and his NAPA Auto Care Toyota GR Supra looked strong in qualifying at the NHRA Four-Wide Nationals at zMAX Dragway, but the three-time Funny Car world champion didn’t have the Sunday eliminations results he was looking for after a final-round finish at the Las Vegas Four-Wide Nationals two weeks ago. The No. 5 qualifier, Capps struggled to find traction on the starting line Sunday afternoon, leading to a first-round exit.

    Crew chief Dean ‘Guido’ Antonelli tuned Capps to the quickest and fastest pass of Friday’s first qualifying session, a 3.877 E.T. at 335.40 MPH, to earn three bonus points. Capps had traction issues in the second session, but he came back on Saturday and ran a pair of 3-second passes, a 3.994 E.T. and a 3.901 E.T., to qualify fifth.

    In Sunday’s first round of eliminations, Capps lined up against No. 4 qualifier Alexis DeJoria, No. 12 qualifier J.R. Todd, and No. 13 qualifier Buddy Hull to form the Funny Car Marquee Matchup. Capps drove into tire smoke after smashing the throttle pedal in his NAPA Auto Care machine
    and wasn’t able to recover. He noted the team is still figuring out the characteristics of the new car they brought out earlier this month.

    “Man, these weekends are tough,” said Capps, a four-time winner at zMAX. “I was so excited for Guido. We unloaded and went to No. 1 qualifier. It shows the hard work that our NAPA Auto Care team did testing Monday after Vegas. I’ve talked time and time again about how we have
    to get ahead of the competition. Guido and our team could easily go off of what we ran last year, and we would probably win races and have a shot at a championship, but we’re looking to be better and that’s the sort of thing I love about this team.”

    Capps, who’s in his third year as a driver and team owner, pointed out the off-track highlights of an otherwise challenging weekend.

    “Obviously, Vegas was such a great race Friday through Sunday, and then you get to Charlotte and all the NASCAR fans came out and we almost sold the place out every day,” Capps said. “It was just an incredible crowd, and we love doing [these Four-Wide races]. We love especially doing it earlier in the year. We see the same fans when we come back in the Countdown for the second race of the playoffs.

    “Had a blast all weekend with our Toyota crossover event, and then having my NAPA teammate, Christian Eckes, come hang out with us on Friday, which was a lot of fun,” Capps continued. “I was hoping to take the Wally to NAPA headquarters on Tuesday, but I’m looking forward to hanging out with my NAPA teammates, Brad Sweet, Chase Elliott, and Christian Eckes. It’s a fun event we do every year at headquarters, and then we’ll focus on going to Chicago.”

    The Ron Capps Motorsports Funny Car team will have a few weeks away from the track before the next stop on the 2024 NHRA Mission Foods Drag Racing Series schedule, the Route 66 Nationals, May 17-19, at Route 66 Raceway in Joliet, Ill., outside Chicago.

    Start / Finish: No. 5 / def. in first round
    Points Standing / Total: No. 6 / 274 pts. (-125)

    Next Race: May 17 – 19, Joliet, Ill., Route 66 NHRA Nationals
    How to Watch or Listen: FS1, NHRA.TV

    NAPA Racing:@NAPARacing
    Ron Capps: @RonCapps28
    Ron Capps Motorsports: @TeamRonCapps

    The post Capps Bows Out Early at NHRA Four-Wide Nationals in Charlotte appeared first on NAPA Blog.

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  5. It was take two for High Limit Racing at Riverside International Speedway in West Memphis, Arkansas, last week after the original date of April 9 was postponed due to heavy rain in the days prior. Race fans eager to see some 410 sprint car action packed the stands, leaving standing room only by the time Brad Sweet hit the track for hot laps in the NAPA Auto Parts No. 49 machine.

    Sweet was lightning-fast right away, clocking a lap time of 11.266 seconds in qualifying, putting him in the top spot and within just two-tenths of the track record. It marked Sweet’s fifth QuickTime award on the season, all achieved within a ten-race span.

    As the evening unfolded, Sweet found himself starting fourth in his heat race, where he maintained his position to the checkered flag. Though finishing fourth, the Big Cat still earned a trip to the Dash as the fastest qualifier.

    Drawing the third starting spot for the Dash, the NAPA team had seven laps to gain a better starting spot and test their setup in the feature. Sweet mounted a thrilling battle for second but ultimately crossed the line in third. He lined up in that spot for the main event, and the feature went green. The NAPA driver navigated the track to the best of his abilities as the laps ticked by. With an extended mid-race caution, the No. 49 team tried to modify their strategy. Sweet faced fierce competition and a challenging track surface but brought the NAPA Auto Parts No. 49 to the finish line in fourth place.

    Start / Finish: 3 / 4
    Points Standing / Total: 2 / 662 pts. (-17)

    Next Race: Wednesday, May 1, 81 Speedway, Park City, KS
    How to Watch or Listen: FloRacing

    NAPA: @NAPARacing
    Brad Sweet: @BradSweetRacing
    Kasey Kahne Racing: @KKRdirt

    The post Sweet Earns Fifth Quick Time Award of 2024 Season appeared first on NAPA Blog.

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  6. Last week, the high-speed action of High Limit Racing descended on the Sooner State , and Brad Sweet and the NAPA Auto Parts No. 49 team emerged as the dominant force of the series’ Oklahoma swing.

    When action kicked off Tuesday at Red Dirt Raceway in Meeker, Sweet appeared quick from the start. The NAPA Auto Parts No. 49 sprint car topped the charts in Flight B qualifying, clocking in at 12.334 seconds. The Big Cat maintained his composure despite tough competition in his heat race, where he started fourth and finished fifth. Sweet earned a spot in the dash thanks to having the quickest time in his qualifying group. In just seven laps, he advanced from fifth to fourth, placing the No. 49 fourth to start the feature. There, Sweet battled fierce competition and a technical track to ultimately finish eighth.

    Undeterred, the NAPA team went on to Southern Oklahoma Speedway for a Friday night High Limit Racing show. A strong qualifying run placed the No. 49 third overall, and Sweet lined up fourth for his heat race. Despite starting in dirty air and finishing in fifth, Sweet again made the dash on his strong qualifying time. With his dash finish setting his feature starting spot, the Big Cat had seven laps to improve from his fourth-place dash draw. He crossed the line in third, and went on to deliver an outstanding performance in the feature. Sweet surged to the lead from third and claimed his first High Limit Racing victory.

    The No. 49 team carried that winning momentum into Saturday’s event at Salina Highbanks Speedway. Logging a lightning-fast lap of 11.585 seconds in qualifying, Sweet dominated the competition and secured his fourth Quick Time award of the season. In a display of his skill and experience, Sweet powered the NAPA No. 49 from fourth to third in his heat race, again earning a spot in the dash. He advanced from third to second, locking into a front-row starting spot for the feature. He successfully seized the lead in a flawless performance and took the checkered flag to sweep the weekend.

    Start / Finish: 
    Tuesday, April 16, Red Dirt Raceway: 4 / 8
    Friday, April 19, Southern Oklahoma Speedway: 3 / 1
    Saturday, April 20, Salina Highbanks Speedway: 2 / 1
    Points Standing / Total: 2nd / 597 pts. (-14)

    Next Race: Tuesday, April 23, Riverside International Speedway
    How to Watch or Listen: FloRacing

    NAPA: @NAPARacing
    Brad Sweet: @BradSweetRacing
    Kasey Kahne Racing: @KKRdirt

    The post Sweet Sweeps the Weekend in Oklahoma appeared first on NAPA Blog.

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    • Chase Elliott and the No. 9 NAPA Auto Parts team qualified ninth for Sunday’s NASCAR Cup Series race at Talladega Superspeedway.
    • Elliott led laps en route to a second-place result in stage one and followed that up with an eighth-place finish in stage two.
    • After making multiple moves to try to advance to the front of the field towards the end race, he avoided a last-lap multi-car incident to finish 15th.
    • The 28-year-old driver now sits third in the Cup Series point standings, just 22 markers behind the leader.

    Chase Elliott advanced to the final round of Saturday’s qualifying session, ultimately claiming a ninth-place starting position for Sunday’s NASCAR Cup series race at Talladega Superspeedway. Early in the race, Elliott opted to drop back in the field in an effort to conserve fuel. He maneuvered his way forward utilizing the outside lane as the field went three wide. Eventually, the driver of the No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 found the front of the pack and took over the lead for the first time of the race on lap 42. Just two laps later, Elliott made his way to pit road for a fuel-only stop. Once green-flag stops cycled through, the 28-year-old driver retook the lead. He raced side-by-side with the No. 2 for the top spot as the field ran double file. Elliott came up just short of the stage win, taking the green-and-white checkered flag in second at the conclusion of lap 60.

    Under the stage-ending caution, Elliott relayed that he thought he wore out the right front tire. After the team made a pit stop for four tires and fuel, crew chief Alan Gustafson examined the tires and relayed to Elliott that the right front looked fine. The 2020 Cup Series champion was the second one off of pit road but opted to line up on the outside of row two to start the second stage. The majority of the field went back to three-wide racing and Elliott utilized all the lanes throughout the stage to find momentum. On lap 103, he brought the NAPA Auto Parts Chevrolet to the attention of his crew for fuel. In the closing laps of stage two, Elliott was running among the front half of his competitors and scored an eighth-place result at its lap-120 conclusion.

    After pitting for four tires and fuel during the stage break, the team opted to pit again to top off the fuel tank of the NAPA Auto Parts Chevy. Elliott took the green flag for the final stage deep in the field and was running just outside of the top 20 when the yellow flag waved for a multi-car incident. After pitting for fuel only, Elliott restarted inside the top 15 and continued to run among the top 20 in the running order. After another caution came out on lap, the No. 9 NAPA team took the opportunity to pit for the final time for fuel. Elliott was the 16th to choose his lane for the lap-161 restart and opted for the inside. As the laps wound down, Elliott joined a third lane of cars on the outside. After initially making progress, the lane stalled out and he lost his momentum. On the final lap of the race, the leaders triggered a multi-car incident and Elliott avoided the melee to earn a 15th-place finish.

    A solid points day for Elliott moved him up to third in the Cup Series driver standings. He’ll head to Dover Motor Speedway next week just 22 markers behind the leader.

    Start / Finish: 9 / 15
    Points Standing / Total: 3rd / 337 (-22)

    Next Race: Sunday, April 28, Dover Motor Speedway
    How to Watch or Listen: 2:00 p.m. ET on FS1, PRN or SiriusXM

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Avoids Last-Lap Incident, Earns Top-15 Result at Talladega appeared first on NAPA Blog.

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  7. Jack Wood was on track to collect a top-five finish at Kevin Harvick’s Kern County Raceway Park (KCRP) before trouble dealt him a 12th-place finish on Saturday night. The driver of the No. 16 NAPA Auto Care Chevrolet SS was in position to secure a fourth-place finish but suffered a melted right-front tire bead with five laps to go.

    Wood started on the front row for his second appearance at KCRP after stopping the clock at 18.646 seconds to equal his career-best qualifying effort. He made an early bid for the race lead before settling into second position for the majority of the event’s first half. As the opening 75-lap run progressed, Wood began to battle brake issues and a loose handling condition. The balance hampered his ability to keep pace with the lead and was in fourth position by the halfway caution at lap 75.

    Crew chief Kevin Bellicourt and the NAPA Auto Care team made an adjustment during the five-minute halfway break to aid Wood’s handling balance. When the race restarted, Wood took advantage of the outside line to reclaim third position. However, his brake issues escalated in the second half despite running in fourth position. Wood suffered a flat right front tire in the waning laps and was handed a 12th-place finish.

    “We had a fast NAPA Auto Care Chevrolet today,” Wood said. “I’m proud of the speed these guys at BMR had in our car. We had a brake issue and I didn’t have much of a pedal before halfway and we got really loose. Kevin (Bellicourt) and the guys made a good adjustment at the halfway break on the balance and we got the car better. But the brake pedal just went to the floor as the night went. We were still in the top five and were going to have a good points night but had a flat right front at the end. It’s unfortunate we didn’t get the result, but happy with the speed we had today.”

    Start / Finish: 2 / 12
    Points Standing / Total: 7th / 37 pts. (-12)

    Next Race: Friday, May 31, Portland International Raceway
    How to Watch or Listen: FloRacing

    NAPA: @NAPARacing
    Jack Wood: @DriverJackWood
    Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR

    The post Wood’s Top-Five Run at Kern County Deflated by Flat Tire appeared first on NAPA Blog.

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  8. ATLANTA, April 18, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today its results for the first quarter ended March 31, 2024.

    "Our performance in the quarter highlights the value of our business mix paired with our geographic diversity as our teams delivered profits that were ahead of our expectations," said Paul Donahue, Chairman and Chief Executive Officer. "We did this by staying focused on both our near- and long-term strategic initiatives to improve our business and drive profitable growth. I want to take a moment to thank our GPC teammates across the globe for their hard work and dedication to delivering value for our customers."

    First Quarter 2024 Results

    Sales were $5.8 billion, a 0.3% increase compared to $5.8 billion in the same period of the prior year. The sales result is attributable to a 1.9% benefit from acquisitions, offset by a 0.9% decrease in comparable sales and 0.7% unfavorable impact of foreign currency and other.

    Net income was $249 million, or $1.78 per diluted earnings per share. This compares to net income of $304 million, or $2.14 per diluted share in the prior year period.

    Adjusted net income, which excludes a net expense of $62 million after tax adjustments, or $0.44 per diluted share, in non-recurring costs related to our global restructuring, was $311 million. This compares to net income of $304 million for the same three-month period of the prior year, an increase of 2.3%. On a per share diluted basis, adjusted net income was $2.22, an increase of 3.7% compared to diluted earnings per share of $2.14 last year. Refer to the reconciliation of GAAP net income to adjusted net income and GAAP diluted earnings per share to adjusted diluted earnings per share for more information.

    First Quarter 2024 Segment Highlights

    Automotive Parts Group ("Automotive")

    Global Automotive sales were $3.6 billion, up 1.9% from the same period in 2023, reflecting a 0.2% increase in comparable sales and a 2.8% benefit from acquisitions, partially offset by 1.1% unfavorable impact of foreign currency and other. Segment profit of $273 million increased 3.2%, with segment profit margin of 7.6%, up 10 basis points from last year.

    Industrial Parts Group ("Industrial")

    Industrial sales were $2.2 billion, down 2.2% from the same period in 2023, with a 0.5% benefit from acquisitions, offset by a 2.6% decrease in comparable sales and 0.1% unfavorable impact of foreign currency. Segment profit of $271 million increased 3.4%, with segment profit margin of 12.3%, up 70 basis points from the same period of the prior year.

    "We are pleased with the start to 2024, which was highlighted by operating discipline that delivered improved overall earnings against a backdrop of low sales growth," said Will Stengel, President and Chief Operating Officer. "In Industrial, sales decreased low-single-digits, in-line with our expectations, as we were up against our most difficult comparative period for the year. In Automotive, the actions taken in our U.S. Automotive business are gaining traction, and we are encouraged by the sequential improvement in performance. This improvement, coupled with the solid performance of our other businesses, is reflected in our reaffirmed sales growth and improved earnings outlook for 2024."

    Balance Sheet, Cash Flow and Capital Allocation

    The company generated cash flow from operations of $318 million for the first three months of 2024. We used $178 million in cash for investing activities, including $116 million for capital expenditures and $135 million for M&A. We also used $175 million in cash for financing activities, including $133 million for quarterly dividends paid to shareholders and $38 million for stock repurchases. Free cash flow was $203 million for the first three months of 2024. Refer to the reconciliation of GAAP net cash provided by operating activities to free cash flow for more information.

    The company ended the quarter with $2.5 billion in total liquidity, consisting of $1.5 billion availability on the revolving credit facility and $1.0 billion in cash and cash equivalents.

    2024 Outlook

    The company is updating full-year 2024 guidance previously provided in its earnings release on February 15, 2024. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its guidance, which is outlined in the table below.

    View the full article

  9. High Limit Racing returned to full-time competition over the weekend with two stops the Lone Star State, and Brad Sweet earned a pair of top-five finishes in a strong restart for the NAPA Auto Parts No. 49 team.

    With Friday night’s program at Texarkana 67 Speedway canceled due to rain, Sweet and the No. 49 team made their way directly to Texas Motor Speedway for Saturday night’s show. With 49 days since his last race, the Big Cat was determined to make a mark on the series and the season. Sweet set the pace right from the start. During qualifying, the NAPA driver claimed the top spot with a blistering, 13.735-second lap.

    As competition heated up, the five-time World of Outlaws champion continued to shine. Sweet finished third after starting fourth in his heat race and earned a ticket to the dash by being the fastest car in his heat. During the dash draw, Sweet drew fifth. He maintained his position over seven laps to line up fifth to start the feature. He again advanced during the evening’s feature race, crossing the line third for the final podium spot.

    On Sunday, the No. 49 team traveled to Crandall, Texas, for another evening of High Limit Racing at RPM Speedway. Sweet wasted no time, showing again in qualifying the speed of the NAPA machine. Posting a lightning-fast lap time of 12.245 seconds, the Big Cat went to the top of the speed chart.

    In his heat race, Sweet climbed from fourth to second, securing a spot in the dash. Starting in sixth place gave the team seven laps to perfect their setup for the main event. The NAPA driver advanced to fifth and locked in that spot for the start of the evening’s 30-lap main event.

    The NAPA No. 49 team put forth their best effort as Sweet navigated the Crandall race track. Maintaining his position throughout the race, Sweet crossed the finish line in fifth for his second top-five finish on the weekend.

    Start / Finish:
    Saturday, April 13, Texas Motor Speedway: 5 / 3
    Sunday, April 14, RPM Speedway: 5 / 5
    Points Standing / Total: 2nd / 386 pts. (-18)

    Next Race: Tuesday, April 16, Red Dirt Raceway, Meeker, OK
    How to Watch or Listen: FloRacing

    NAPA: @NAPARacing
    Brad Sweet: @BradSweetRacing
    Kasey Kahne Racing: @KKRdirt

    The post No. 49 Team Returns to High Limit Racing Action in Texas appeared first on NAPA Blog.

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  10. Christian Eckes took the NASCAR CRAFTSMAN Truck Series points lead on Friday night with a stout fourth-place performance at Texas Motor Speedway. The driver of the No. 19 Gates Hydraulics Chevrolet Silverado RST captured his third top-five finish of the season and scored 50 points on the night, the second-most of all drivers in the field. Eckes led 31 laps, the only driver to have led laps in each race this season, and tallied his third top-five finish in the last four events.

    For the second-consecutive weekend, Eckes qualified on the front row and was a mainstay in the top five for the entire event. He settled into second at the drop of the green flag and challenged for the lead near the midway point of the opening stage. The first lead change of the night occurred when Eckes powered his Gates Hydraulics Chevy to the lead on lap 17 and paced the field for 21 circuits. He surrendered the lead on lap 38 and collected nine points at the end of Stage 1 on lap 40 while running second.

    Crew chief Charles Denike brought Eckes to pit road under the stage caution for four fresh tires, fuel, and a minor air pressure adjustment to tighten his balance. Eckes restarted second on lap 47 and maintained position inside the top five for the ensuing 35-lap run. An improved handling balance and consistent lap times netted Eckes another eight points at the end of Stage 2 on lap 80 by running in third position.

    Eckes was armed with another batch of fresh tires, fuel, and minor adjustments to fine-tune the handling during the second stage caution. After restarting third on lap 87, he waged war for the runner-up position and gained control of it by lap 100. He ran there until a cycle of green flag pit stops began on lap 119. Eckes made his final stop on lap 129 just before a caution waved. He was able to stay on the lead lap in fourth position and in contention for the victory. He made another fierce run for the race lead on a lap 150 and led until lap 158. During the final 10 laps, Eckes fought valiantly for one final charge at the lead but took the checkered flag in fourth position for his third top-five and sixth top-10 of the season.

    “Not a bad points night,” Eckes said. “I thought we’d have a pretty good shot at the win there, but just went down into Turns 1 and 2 and got way too tight and slid up the racetrack. It is what it is. I’m proud of the No. 19 Gates Hydraulics team for making the improvements that they did. Our mile-and-a-half stuff has definitely shown a little bit of an improvement. We still have a little bit of a ways to go, but we’ll see how it goes.”

    Start / Finish: 2 / 4
    Points Standing / Total: 1 / 287 pts. (+2)

    Next Race: Saturday, May 4, Kansas Speedway
    How to Watch or Listen: 8:00 p.m. ET on FS1, MRN or SiriusXM

    NAPA: @NAPARacing
    Christian Eckes: @christianeckes
    Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR

    The post Eckes Takes Points Lead with Top-Five Performance in Texas appeared first on NAPA Blog.

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  11. In one of the closest Funny Car races in four-wide drag racing history, three-time world champion Ron Capps finished third in the NHRA Four-Wide Nationals final round Sunday afternoon at The Strip at Las Vegas Motor Speedway. Driving the NAPA Auto Care Toyota GR Supra, Capps laid down a weekend-best 3.902-second pass at 333.00 MPH to come up just thousandths of a second short in a four-wide photo finish. 

    Capps and crew chief Dean ‘Guido’ Antonelli worked their way through qualifying, steadily improving in each session. After a pair of 4-second passes on Friday, Capps laid down a 3.988 E.T. at 324.67 MPH to step up in the third session on Saturday. A consistent but slightly quicker 3.980 E.T. in the final session put Capps in the No. 11 position going into Sunday eliminations. 

    The first quad of Funny Car eliminations was a tricky one, but Capps came out on top. He and fellow Toyota driver J.R. Todd left first with identical .059 reaction times, then Capps held on to win with a 4.289 E.T. at 222.88 MPH over Todd, Dave Richards, and Daniel Wilkerson. Capps was first off of the starting line again in the second round, an advantage that helped him and his 3.932 E.T. finish ahead of Matt Hagan’s 3.938 E.T., Todd’s 3.951-second effort, and Jason Rupert’s 4.055 E.T. 

    Appearing in his 148th career final round, Capps cut his best light of the day, .056, and charged to his best performance of the weekend to reach the finish line third behind winner Bob Tasca III and runner-up Austin Prock. Capps finished less than a thousandth of a second behind Prock and just nine thousandths behind Tasca. 

    “What a drag race to watch as a fan,” said Capps, who’s won six times in Las Vegas. “I can’t tell you how ecstatic I am with our NAPA Auto Care team and what they’ve done with a brand-new car and a lot of the new parts that they’ve had to get used to. It usually takes teams a lot longer than this. I’m pretty bummed that we couldn’t win that round. I’m so happy we have our race car back, especially getting on a swing here where Guido is getting comfortable. I’m so happy about the car, but I’m so bummed at the same time. It’s going to take a little bit to digest.”

    No. 6-ranked Capps and the Ron Capps Motorsports Funny Car team will get another shot at four-wide glory in two weeks at the East Coast edition of the NHRA Four-Wide Nationals, April 26-28, at zMAX Dragway in Concord, N.C.

    Start / Finish: No. 11 / def. in Final Round
    Points Standing / Total: No. 6 / 242 pts.

    Next Race: April 26-28, Concord, N.C., NHRA Four-Wide Nationals
    How to Watch or Listen: FS1, NHRA.TV

    NAPA Racing:@NAPARacing
    Ron Capps: @RonCapps28
    Ron Capps Motorsports: @TeamRonCapps

    The post Capps Finishes Third in Electrifying Four-Wide Nationals Final in Las Vegas appeared first on NAPA Blog.

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    • Chase Elliott scored his first NASCAR Cup Series victory of the season on Sunday at Texas Motor Speedway, snapping a 42-race winless streak
    • The win is Elliott’s 19th career Cup Series victory in his 295th start, his third at a 1.5-mile track and his first at Texas
    • It was the Dawsonville, Georgia, native’s first victory with Hooters as the primary partner on the No. 9 Chevrolet Camaro ZL1
    • Elliott led three times for a total of 39 laps, including the final 17 circuits
    • The 28-year-old driver now sits fourth in the Cup Series point standings, just 32 markers behind the leader

    Chase Elliott and the No. 9 Hooters team qualified 24th for Sunday’s NASCAR Cup Series race at Texas Motor Speedway. Once the green flag dropped, Elliott improved to 21st and remained there until the first round of green-flag pit stops got under way. As part of the team’s strategy to try to gain track position, Elliott ran long and eventually took over the lead. Crew chief Alan Gustafson was close to calling his driver to pit road, but the caution flag waved at an opportune time with Elliott still out front when the yellow flag waved on lap 50. Under the caution, Elliott brought the No. 9 Hooters Chevrolet Camaro ZL1 to pit road for four fresh tires and fuel. He restarted in the ninth position and advanced to seventh to end the first stage at lap 80.

    During the stage break, Elliott relayed that the Hooter’s Chevrolet was a little edgy late in the run and could use a little bit of security. After a fast stop for four tires and fuel, the Dawsonville, Georgia, native lined up seventh to start the second stage and was up to fifth when the race was slowed for a caution on lap 101. Gustafson called Elliott to pit road for right-side tires and fuel. The driver of the No. 9 was fifth to line up for the restart. He got shuffled back to 10th early in the run and was in that same spot when the caution came out on lap 114. Staying out, Elliott restarted ninth and remained inside the top 10. He came to pit road for four tires and fuel when the race fell under caution on lap 137. With varying pit strategies, Elliott restarted in 13th and drove to 10th to finish stage two at lap 165.

    Under the stage-ending caution, the team opted not to pit. Elliott took the green flag for the final stage from the fifth position on lap 172 and advanced to fourth before the caution came out for an incident the very next lap. Once again, Elliott stayed out on the track and was fourth for the restart on lap 177. He was in that same position at the time of the next caution on lap 181. After choosing not to pit, he was in fourth for the restart and moved into third on lap 185. A long green-flag run ensued, and Elliott pitted from the third position with just over 50 laps remaining in the race. He was scored in 15th when a caution came out on lap 230 before the field had cycled through pit stops. Once the teams that hadn’t pit yet made their stops under the yellow, Elliott moved up to third for the restart. The 28-year-old driver made a power move to the lead. He held point until the driver of the No. 11 worked his way by with 22 laps to go. An on-track incident brought out the yellow flag with just 13 laps remaining, giving Elliott another shot at the lead on the ensuing restart. Once the race was back under way with eight laps to go in regulation, Elliott was battling for the lead and was scored ahead when another caution flag came out. He led the field to the green flag with just two laps remaining, but an incident brought out the caution again and sent the race into overtime. Elliott held off the competition through multiple overtime restarts to earn his first victory of the season.

    It was his 19th career Cup Series victory and his first premier series win at Texas. With the win, Elliott and the No. 9 team moved up to fourth in the Cup Series points standings, just 32 markers behind the leader.

    “First off, thanks to everybody that came out today. You guys are unbelievable,” Elliott said following the win.

    “Hooters has been a partner of ours for a number of years now. It’s been a dream of mine to pay respect to the late Alan Kulwicki. Driving this car to a victory and do a Polish victory lap, just really crazy how things came full circle there in that moment. It was pretty emotional for me. He beat dad back in the day. Here we are sharing his sponsor and having an opportunity to win today. 

    So just, man, couldn’t be more grateful for this journey and kind of the path that hasn’t always been fun, but certainly have enjoyed working with our guys. We’ve been working really hard and really well together. Like I said, hasn’t always been fun, but we’ve enjoyed the fight together.

    Couldn’t be more proud of our team. Thanks to our partners at NAPA, Chevrolet. Everybody at Hendrick Motorsports. Had a big week last week. Boss, thank you for sticking with me. Really, really proud of this. Appreciate all the folks back home that have stuck with me and helped us get back on track.”

    Start / Finish: 24 / 1
    Points Standing / Total: 4th / 303 pts. (-32)

    Next Race: Sunday, April 21, Talladega Superspeedway
    How to Watch or Listen: 3:00 p.m. ET on FS1, PRN or SiriusXM

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Captures the Victory at Texas appeared first on NAPA Blog.

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  12. Christian Eckes orchestrated complete dominance at Martinsville Speedway by sweeping both stages en route to his second victory of the season on Friday night. The driver of the No. 19 Adaptive One Calipers Chevrolet Silverado RST scored the maximum 60 points and pocketed seven playoff points to make a massive swing in the NASCAR CRAFTSMAN Truck Series point standings. He gained two positions to fourth in the standings and is only 11 markers out of the lead.

    Eckes displayed considerable pace by positing the third-quickest lap in practice and qualified on the outside of the front row on Friday afternoon. He made a statement at the drop of the green flag by using the outside lane to take the lead on the initial start. During the first 50-lap stage, Eckes methodically paced the field and asserted his dominance. Following a restart on lap 37, Eckes pulled away to comfortably take the Stage 1 win along with 10 points and one playoff bonus point.

    Crew chief Charles Denike kept Eckes on track to maintain the No. 19 team’s track position and set up a one-stop strategy. Eckes picked up where he left off in Stage 1 on the lap 61 restart. He jumped out to another quick lead and cleanly executed two additional restarts during the second stage to tally 10 points and a second playoff bonus point for leading at lap 100. Under the ensuing stage caution, Denike brought Eckes to pit road for his only four-tire pit stop of the evening and made a minor air pressure adjustment.

    As several trucks stayed on track with alternative pit strategies, Eckes lined up 19th on lap 110. During the second half of the race, Eckes conducted a masterclass in slicing through traffic. It only took him 11 laps to crack the top-10 and was back inside the top five by lap 142. On lap 165, Eckes arrived on the doorstep of the lead and took the runner-up position. Shortly thereafter, he reclaimed the lead with a power move on the outside for the second time on the night. Two cautions over the final 23 laps forced Eckes to execute crucial restarts to defend the race lead, which he did with complete authority. He led the final three-lap dash to the checkered flag and captured his first Martinsville win and grandfather clock by a margin of 0.64 seconds.

    “Something really special,” Eckes said of the victory. “It hasn’t been an easy regular season so far, to say the least. We came here and we weren’t that great last year, maybe a sixth-place truck. We worked really hard on it and here we are in victory lane. So, just super proud of everyone on this team. Huge thanks to Adaptive One Calipers, NAPA Auto Care, Gates Hydraulics, all of our partners, and Chevrolet. It’s a good day to be in victory lane. Can’t wait for that clock!”

    Start / Finish: 2 / 1
    Points Standing / Total: 4th / 237 pts. (-11)

    Next Race: Friday, April 12, Texas Motor Speedway
    How to Watch or Listen: 8:30 p.m. ET on FS1, MRN or SiriusXM

    NAPA: @NAPARacing
    Christian Eckes: @christianeckes
    Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR

    The post Eckes Dominates Martinsville for Second Victory of 2024 appeared first on NAPA Blog.

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    • Chase Elliott and the No. 9 UniFirst team qualified third for Sunday’s NASCAR Cup Series race at Martinsville Speedway
    • The 28-year-old driver finished stage one in the third position and followed that up with a fourth-place result in stage two
    • Elliott took the lead for the first time of the race in the final stage, pacing the field for a total of 64 laps
    • After an overtime finish, Elliott ultimately took the checkered flag in the third position – part of a 1-2-3 finish for Hendrick Motorsports during the organization’s 40th anniversary weekend at Martinsville
    • The 2020 premier series champion is now sixth in the Cup Series points standings, only 51 points behind the leader

    Chase Elliott and the No. 9 UniFirst team qualified third for Sunday’s NASCAR Cup Series race at Martinsville Speedway during a special 40th anniversary weekend for Hendrick Motorsports. Driving the ruby red No. 9 UniFirst Chevrolet Camaro ZL1, Elliott held steady inside the top five throughout the entirety of the caution-free first stage. He took the green-and-white checkered flag in the third position at lap 80, collecting eight valuable stage points in the process.

    During the stage break, the 28-year-old driver reported that his UniFirst Chevrolet fired off tighter than he anticipated. To help, the team made an air-pressure adjustment during its pit stop for four tires and fuel. He lined up fourth to start the second stage and continued to run inside the top five. Elliott was scored in the fifth position when the caution came out on lap 113. He relayed to crew chief Alan Gustafson that his Chevrolet was a little better than the last run. The team opted not to pit, and Elliott restarted from the fifth spot on lap 119. He remained there until he made the pass for fourth with three laps left in stage two. That’s where the Dawsonville, Georgia, native would finish the second stage, collecting an additional seven stage points.

    Under the stage-ending caution, Elliott relayed that his UniFirst Chevrolet was tighter to start that run. A fast stop for four tires and fuel gained the driver of the No. 9 two spots on pit road, allowing Elliott to fire off for the final stage from the front row. Taking the green flag in second on lap 193, the 2020 Cup Series champion powered to the lead and remained there through the lap-204 caution. Elliott continued to hold point for several laps until the No. 11 caught up to him. The two battled side-by-side until Elliott settled into the second position on lap 258. He held steady in the runner-up spot until green-flag pit stops got under way. After pitting for four tires and fuel on lap 298, Elliott worked his way by the No. 11 as green-flag stops continued, putting himself in position to assume the lead once the field cycled through pit stops. However, Hendrick Motorsports teammate William Byron passed Elliott prior to pit stops concluding. Byron eventually took over the top spot with Elliott not far behind in second. An incident on the track with less than five laps remaining brought out the yellow flag and sent the race into overtime. Elliott lined up beside Byron for the final restart of the race. He gave it his all in the final two laps, ultimately taking the checkered flag in the third position – Elliott’s second consecutive top-five finish.

    Elliott’s result was also part of a 1-2-3 finish for Hendrick Motorsports. Byron won the race with Kyle Larson finishing second. Following the third-place finish, Elliott and the No. 9 team are sixth in the Cup Series points standings, just 51 markers behind the leader.

    “Congrats to William (Byron) and everyone at Hendrick Motorsports. Rick and Linda (Hendrick), Jeff (Gordon), Jeff (Andrews), Chad (Knaus) and all the people that put this together for us,” Elliott said. “They have an unbelievable program and I think we are all proud to call it home. It was awesome hosting over 1,000 people from Hendrick today – employees and their families. Glad one of us could get it done. Obviously, I wish we could have got it done, selfishly, like anybody would. But it is nice to have a good couple of solid weeks and be in contention for a win. We haven’t been in contention to win one for a while, so (it was) kind of nice to get to that last restart when it actually mattered. So, enjoyed that aspect and certainly hungry for more.”

    Start / Finish: 3 / 3
    Points Standing / Total: 6th / 258 pts. (-51)

    Next Race: Sunday, April 14, Texas Motor Speedway
    How to Watch or Listen: 3:30 p.m. ET on FS1, PRN or SiriusXM

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Finishes Third at Martinsville appeared first on NAPA Blog.

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  13. As he celebrated 30 years as a professional drag racer, Funny Car superstar Ron Capps was looking forward to a long race day on Sunday at the NHRA Arizona Nationals at Firebird Motorsports Park. The three-time world champion entered eliminations in the No. 11 position on the ladder but made an early exit against Blake Alexander in the first round of competition. 

    Aboard his brand-new NAPA Auto Care Toyota GR Supra, Capps battled to gain a favorable spot on the ladder among a stacked Funny Car field. Typically, teams at this elite level within the sport will go through several test sessions with a new car before throwing it into the intensity of NHRA Mission Foods Drag Racing Series competition, so Capps, crew chief Dean ‘Guido’ Antonelli, and the Ron Capps Motorsports team knew that they would experience some trial and error. His first qualifying effort went up in a puff of smoke, but his second attempt showed more promise as he powered to the finish line with a run of 4.020 seconds at 310.34 MPH. A loss of traction in the third qualifying round forced Capps to shut off early, marking the first time in 20 events for him to begin eliminations from the bottom half of the field. 

    “Building into the race we had the excitement of the 30 years. Having fans come up throughout the weekend and saying, ‘Happy Anniversary’ and things like that, it was fun,” began Capps as he recalled his weekend. “I always try to keep our NAPA fans updated as much as we can about what goes on with our team. We brought out a new chassis. It’s something we built in the off-season. Rather than testing first, we decided to do it in race conditions and that’s hard to do. But it reminds me a lot of our NAPA Auto Care people because I love this process of trying to take something and be the best with something so new. It’s like pulling your car into an AutoCare Center, you have a dash light blinking and technicians can attack that problem, and they don’t just snap their fingers and fix it. It’s a process, especially with today’s cars, as they try to figure out what the problem is. I love watching my NAPA Auto Care guys do the same thing. The car didn’t go down the track in the first run and to watch how many hours they put in trying to figure things out, it was really impressive.”

    As Capps lined up against No. 6 qualifier Alexander, hopes were high as he has defeated Alexander seven out of the eight times they’ve faced each other in the first round of eliminations. Despite getting the starting line advantage, Capps ultimately came up short. Both cars lost traction early in the race resulting in a bit of a pedal fest to the stripe, but Alexander was able to get there first.

    “There’s an upside and a downside to bringing a new chassis out at a race. It’s a gutsy move. But a couple of races down the road, I know that we are going to be much better because of it. And that’s also part of me having the utmost confidence in Guido and our NAPA Auto Care team. We didn’t qualify in the top half of the field, so we didn’t have lane choice. As we sat in the staging lanes, seeing dragsters winning only in the left lane made me pretty nervous and sure enough we got put in the right lane. That’s part of not qualifying in the top half. We still felt like we could beat them and that’s the confidence we had going up there. But it just wouldn’t hold, and we lost traction. I feel like I could have done a better job pedaling it. I should win those races, but we didn’t. But I feel like we’re going to have a great car for Vegas.”

    Capps is currently fifth in the NHRA Mission Foods Drag Racing Series points as he heads to the next stop on the tour, the NHRA Four-Wide Nationals at The Strip at Las Vegas Motor Speedway, April 12-14, where he is a six time winner at the facility.

    Start / Finish: No. 11 / def. in first round
    Points Standing / Total: No. 5 / 170 pts.

    Next Race: April 12 – 14, Las Vegas, NHRA Four-Wide Nationals
    How to Watch or Listen: FS1, NHRA.TV

    NAPA Racing:@NAPARacing
    Ron Capps: @RonCapps28
    Ron Capps Motorsports: @TeamRonCapps

    The post Capps Faces Trial and Error of New Chassis at Arizona Nationals appeared first on NAPA Blog.

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    • Chase Elliott and No. 9 UniFirst team qualified second for Sunday’s NASCAR Cup Series race at Richmond Raceway
    • The 28-year-old driver led the opening five laps of the race before ending stage one in the seventh position
    • After finishing stage two in the 13th spot, Elliott rebounded for a fifth-place finish at the Virginia short track – his best result of the season
    • The 2020 premier series champion is now eighth in the Cup Series points standings

    Chase Elliott earned a front row starting position for Sunday’s NASCAR Cup Series race at Richmond Raceway, taking the green flag in second. Soggy conditions required teams to start the race on wet weather tires and Elliott powered his way to the lead by the end of the first lap. He stayed out front for five laps before his Hendrick Motorsports teammate Kyle Larson got by him. With the track quickly drying, NASCAR officials called for a competition caution at lap 30 so teams could make the switch to slick tires. Teams were able to maintain their positions as pit stops were deemed non-competitive. Elliott was third at the time of the caution and that is where he would restart on lap 48. He continued to battle inside the top 10 and was scored seventh when an on-track incident brought out the yellow flag on lap 63. The race stayed under caution for the remainder of stage one with Elliott gaining valuable stage points for his top-10 stage finish.

    Under the stage break, Elliott relayed that his No. 9 UniFirst Chevrolet Camaro ZL1 was tight through the center of the turns, so the team made a chassis adjustment during its pit stop for four tires and fuel. A fast stop by the UniFirst crew gained Elliott two spots on pit road. He lined up fifth coming to the choose cone and opted for the outside lane. The 2020 Cup Series champion settled into seventh after the restart and stayed there until green-flag pit stops got under way on lap 124. Crew chief Alan Gustafson called Elliott to pit road for a four-tire stop just a handful of laps later. Back out on the track, the driver of the No. 9 had to be patient as teams were on different pit strategies. Eventually, he cycled back to seventh on lap 154 and lost a position just prior to an incident forcing a yellow flag on lap 169. Elliott radioed to crew chief Alan Gustafson that he was pretty happy with the UniFirst Chevy’s handling. After pitting for four tires and fuel, the Dawsonville, Georgia, native restarted ninth and lost some momentum after a chaotic restart. When the green-and-white checkered flag waved to end stage two at lap 230, he was scored 13th.

    Elliott brought the UniFirst Chevrolet to the attention of his crew for fuel and fresh tires. He took the green flag for the final stage from the 12th position on lap 240. The Hendrick Motorsports driver settled into 13th before retaking 12th on lap 247. Elliott held steady there until Gustafson called him to pit road for a scheduled green-flag pit stop on lap 287. He found his way back to the top 10 on lap 299 and advanced to ninth before another round of green-flag stops. After pitting on lap 335, Elliott cycled back to 10th and continued to fight hard for position. He was running in seventh with less than five laps to go and that looked like that’s where he would finish, but a caution prior to the white flag sent the race into overtime. The field came to pit road under the yellow and a fast stop by the UniFirst pit crew gained Elliott a position for the restart. He restarted from sixth and picked up one more spot to earn his first top-five finish of the season.

    Following the fifth-place finish, Elliott and the No. 9 team are eighth in the Cup Series points standings, just 61 markers behind the leader. 

    “I felt like we kind of found a little pace there those last two runs, and we were able to actually pass a couple of cars under green. We got ourselves in a position to have a good pit stop there at the end. I stopped a little short in my box. I think we could have been one spot better there off of pit road, but nonetheless, had a good restart and gave ourselves a top-five. It was a solid night.”

    Start / Finish: 2 / 5
    Points Standing / Total: 8th / 209 pts. (-61)

    Next Race: Sunday, April 7, Martinsville Speedway
    How to Watch or Listen: 3:00 p.m. ET on FS1, MRN or SiriusXM

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Earns Top-Five Finish at Richmond appeared first on NAPA Blog.

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  14. ATLANTA, March 28, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, plans to release first quarter financial results on April 18, 2024. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the company's investor relations website. The call is also available by dialing 1-800-836-8184. A replay of the call will be available on the company's website or toll-free at 1-888-660-6345, ID 28852#, two hours after completion of the conference call.

    About Genuine Parts Company
    Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at genpt.com.

    SOURCE Genuine Parts Company

    For further information: Investor contact, Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations; Media contact, Heather Ross, (678) 934-5220, Vice President - Strategic Communications

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  15. Ron Capps was looking to make it four straight NHRA Winternationals final round appearances on Sunday at In-N-Out Burger Pomona Dragstrip, but a puff of smoke in the semifinals halted the three-time Funny Car world champion’s shot at capping off his weekend in the winner’s circle at a facility he considers to be a home track.

    The driver of the NAPA Auto Care Toyota GR Supra Funny Car has enjoyed an impeccable record at Pomona as of late. His last six outings at both the Spring and Fall events have included three No. 1 qualifiers, three runner-up finishes, and a win at the rescheduled 2021 Winternationals. After powering to the second-quickest pass during the second and final round of what became an abbreviated qualifying show due to persistent rain, the lifelong Californian and current Carlsbad resident placed his NAPA GR Supra in the No. 2 qualifying position and appeared to be on track to tie his former boss, Don Prudhomme, the only Funny Car driver to make four consecutive Winternationals final round appearances (1975 – ’78).

    Capps drew Funny Car newbie Austin Prock as his first-round competitor. When it was time to pull up to the line, the NAPA team caught fans by surprise when they chose what seemed to be the unfavorable left lane. After watching car after car struggle to make a clean pass in that lane, Dean ‘Guido’ Antonelli flexed his crew chief muscle and tuned the NAPA Supra to a stout 3.891 E.T. to easily defeat Prock’s 4.138. The run not only sent Capps into the next round but held up to be low E.T. of the event. In the quarterfinals, Capps posted a 3.935 E.T. to activate the scoreboard win lights once again, defeating Terry Haddock in the process. The semifinals featured a battle between the two winningest drivers in the category, but the excitement was short-lived as Capps’ machine uncharacteristically went up in smoke early while Force made a clean pass in the opposite lane to advance.

    “It was us versus Force, Toyota versus Chevy,” Capps explained of his semifinal match-up. “Obviously, you want to do well for Toyota and thought we had the advantage there with our GR Supra body. We found something right before we went up there. You know, I’m always bragging about my team that we have the NAPA Know How, and they caught something that could’ve been a bigger deal and they caught it right before we went up. So, we were a little rushed, me getting in the car and getting up there. Then it started sprinkling and we thought they were going to hold off, but we got up there last minute. I haven’t talked to Guido yet to see mechanically why it smoked the tires, but just something the car hadn’t done all weekend. We felt pretty comfortable, and again like Gainesville, we had a great car. Felt like a car that could win the race. But the good thing is, we have a couple weeks off and two more West Coast races, so let’s see if we can go out there and get a trophy.”

    Shortly after the semifinal round was completed, the remainder of on-track activities were canceled for the day due to rain and hail. The NHRA Winternationals will be completed during the upcoming NHRA Arizona Nationals at Firebird Motorsports Park in Chandler, Arizona, April 5 – 7.

    Start / Finish: No. 2 / def. in Semifinals
    Points Standing / Total: No. 3 / 138 pts.

    Next Race: April 5-7, NHRA Arizona Nationals
    How to Watch or Listen: FS1, NHRA.TV

    NAPA Racing:@NAPARacing
    Ron Capps: @RonCapps28
    Ron Capps Motorsports: @TeamRonCapps

    The post Capps Reaches Semifinals at NHRA Winternationals appeared first on NAPA Blog.

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    • Chase Elliott and No. 9 NAPA Auto Parts team qualified ninth for Sunday’s NASCAR Cup Series race at Circuit of The Americas (COTA)
    • As part of the team’s strategy, the 2020 Cup champions pitted in the closing laps of each of the first two stages to hopefully put themselves in a good position to battle for the win
    • In the final stage, Elliott had just made a pass for fifth place when his No. 9 NAPA Auto Parts Chevrolet Camaro got loose and he was penalized for exceeding the track limits
    • Despite serving a pass-through penalty, the 28-year-old rebounded to 11th on lap 54
    • Turning some of the fastest laps of the field, he was close to breaking into the top 10 when he spun and dropped to 19th
    • Elliott rallied to finish 16th and is now ninth in the Cup Series points standings

    Chase Elliott earned a ninth-place starting position for Sunday’s NASCAR Cup Series race at Circuit of The Americas (COTA), marking the third straight week the No. 9 team qualified inside the top 10. At the start of the 68-lap race, Elliott held his own among the top-10 running order. He lost some positions as the run went on and was 13th when he relayed to the team that his No. 9 NAPA Auto Parts Chevrolet Camaro ZL1 felt stiff on initial load. Elliott advanced to 12th prior to being called to pit road in the closing laps of stage one for four tires and fuel – one of the popular pit strategies among the field. With some teams staying out on the track, Elliott was 18th following the pit stop and that’s where he remained to end the first stage.

    During the stage break, several teams that didn’t short pit the first segment made their way to pit road, putting Elliott in the ninth position to start stage two. Prior to taking the green flag, the 28-year-old driver reported that the NAPA Chevy was tighter through the center of the turns after the initial pit stop. Despite the tight handling condition, Elliott continued to turn laps inside the top 10 during the second stage. He ran as high as seventh and was scored in the eighth spot when crew chief Alan Gustafson radioed for Elliott to come to pit road for four fresh tires and fuel. The team also took the opportunity to reverse an air-pressure adjustment that was made the first pit stop. Elliott returned to the track in 21st and stayed there to take the green-and-white checkered flag on lap 30.

    The 2020 Cup Series champion started the final stage from the 11th position on lap 33 and impressively maneuvered his way to sixth by lap 36. Elliott had just made the pass for fifth when he got loose in turn four and was issued a pass-through penalty for short cutting the course. The team challenged the call, but Elliott was ultimately forced to serve the penalty on lap 40. After leaving pit road, Elliott was scored 22nd but quickly made up ground on his competitors. Green flag pit stops got under way on lap 44 with the No. 9 team making its on lap 47. Following the four-tire pit stop, Elliott was 26th in the running order but was consistently turning some of the fastest laps of the field. The Dawsonville, Georgia, native was up to 20th on lap 50 and advanced to 15th just one lap later as green-flag stops continued. Elliott was up to 11th and had his sights set on a top-10 finish when he got loose and spun. The driver of the No. 9 was able to continue but the setback dropped him to 19th. Refusing to give up, Elliott fought hard to regain track position. He picked up a few spots and the team was hopeful for a late-race caution, but it never came. When the checkered flag waved, Elliott and the No. 9 NAPA Auto Parts crew was scored with a 16th-place finish. 

    Elliott leaves COTA ninth in the Cup Series points standings, just 47 markers behind the leader.

    Next Race: Sunday, March 31, Richmond Raceway
    How to Watch or Listen: 7:00 p.m. ET on FOX, MRN or SiriusXM

    Start / Finish: 9 / 16
    Points Standing / Total: 9th / 173 pts. (-47)

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Rallies to 16th after Late-Race Setbacks at COTA appeared first on NAPA Blog.

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  16. Christian Eckes put on a furious rally on an overtime restart to capture an eighth-place finish on Saturday afternoon at Circuit of the Americas (COTA). The driver of the No. 19 NAPA Auto Care Chevrolet Silverado RST had an eventful, up-and-down afternoon but showcased his resilience by rebounding from two penalties to record his second top-10 result at COTA.

    After qualifying 10th on Friday afternoon, Eckes was forced to start at the tail of the field after the NAPA Auto Care team changed transmissions before the race. The New Yorker was undeterred by starting shotgun and rocketed to 14th on the opening lap. An early caution on lap three helped Eckes continue his rapid run to the front on a lap six restart when he cracked the top 10. He maintained his top-five position at the end of Stage 1 on lap 12 to collect six points in fifth position.

    Crew chief Charles Denike brought Eckes to pit road for four tires, fuel, and a small adjustment under the first stage caution. Eckes restarted 11th on lap 15 as several trucks stayed on track. He immediately climbed into fifth on lap 18 and took advantage of an impending caution to pit on lap 21 before the yellow flag flew. However, Eckes was nabbed with a penalty for exceeding track limits and was sent to the tail of the field. He restarted 23rd on lap 24 and hustled his way to close Stage 2 in 12th on lap 26.

    During the second stage caution, Eckes stayed on track to inherit track position and restarted eighth on lap 29. While running sixth on lap 30, Eckes incurred another track limit violation and ran 26th after serving the penalty under green. With the aid of a caution on lap 38, he restarted 10th on lap 40, but spun at the top of Turn 1 on lap 41. Denike and the NAPA Auto Care team gave Eckes four tires for the two-lap overtime as he restarted 22nd on lap 45 with two laps to go. As the OT green flag dropped, Eckes went on an all-out rampage, slicing through the field in the final two laps to take the checkered flag in eighth position.

    “We came from the back at least four times today and felt like we were a top-three truck,” Eckes said. “Our NAPA Auto Care Chevrolet was pretty well balanced but just had too many mistakes on my part. Our team did a great job responding from it to get back to eighth at the end.”

    Start / Finish: 10 / 8
    Points Standing / Total: 6th / 177 pts. (-30)

    Next Race: Friday, April 15, Martinsville Speedway
    How to Watch or Listen: FS1, MRN or SiriusXM

    NAPA: @NAPARacing
    Christian Eckes: @christianeckes
    Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR

    The post Eckes’ Late Rally at COTA Results in Top-10 Finish appeared first on NAPA Blog.

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  17. ATLANTA, March 21, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, announced today that its board of directors has appointed James F. Howe to the position of President, Motion, the company's industrial business, effective April 1, 2024. With nearly three decades of dedicated service to the company, Mr. Howe brings a wealth of experience and expertise to his new role.

    • Genuine_Parts_Company___James_Howe.jpg?w
      Genuine Parts Company - James Howe

    Most recently, Mr. Howe served as the Executive Vice President and Chief Commercial and Technology Officer, where he played a pivotal role in shaping the corporate trajectory of Motion. His leadership in overseeing eCommerce, strategic pricing, sales excellence, corporate accounts and human resources has been instrumental in driving the company's success.

    In his new capacity, Mr. Howe will continue to report to Randy Breaux, Group President, GPC North America.

    "James has an impressive history, having served in numerous executive roles during his long career at Motion," said Paul Donahue, Chairman and CEO. "His extensive experience makes him an excellent choice to lead Motion. We feel confident that under James's leadership, our talented and experienced Motion team will continue to achieve great results."

    About Genuine Parts Company
    Established in 1928, Genuine Parts Company is a leading global service organization specializing in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at genpt.com.

    SOURCE Genuine Parts Company

    For further information: Investor Contact: Timothy Walsh, 678.934.5349, Senior Director - Investor Relations; Media Contact: Heather Ross, 678.934.5220, Vice President - Strategic Communications

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  18. Redemption was served on Saturday night at Bristol Motor Speedway (BMS) as Christian Eckes was victorious after leading 144 laps and swept the night for his first victory at “Thunder Valley”. The driver of the No. 19 NAPA Auto Care Chevrolet Silverado RST atoned for his runner-up finish at BMS last September in convincing fashion by pacing practice, earning his seventh-career pole award, and leading the most laps. The sixth NASCAR Craftsman Truck Series (NCTS) victory of his career vaulted him to fifth in the championship standings after earning a race-high 57 points.

    #19: Christian Eckes, McAnally Hilgemann Racing, NAPA Auto Care Chevrolet Silverado

    Eckes put the entire field on notice during practice that his NAPA Auto Care Chevrolet would be the truck to beat. He posted a quick time of 15.55 seconds in practice and backed it up with MHR’s third-straight pole on the BMS concrete, and his second-consecutive. At the green flag, Eckes jumped out to a quick lead and paced the opening 52 circuits. A loose handling condition hindered him from collecting a playoff point in the first segment but still earned nine points in second position at the end of Stage 1 on lap 65.

    #19: Christian Eckes, McAnally Hilgemann Racing, NAPA Auto Care Chevrolet Silverado

    Crew chief Charles Denike kept Eckes on track during the first stage caution to employ a one-stop strategy in an effort to maintain track position. The race ran without incident from lap 77 through the end of Stage 2 on lap 130. During the run, Eckes continued to wrestle with a loose condition on corner entry and was scored third to earn eight points at lap 130 before coming to pit road for his only pit stop of the night for four tires, fuel, and adjustments.

    #19: Christian Eckes, McAnally Hilgemann Racing, NAPA Auto Care Chevrolet Silverado

    The NAPA Auto Care team gained a position for Eckes on the stop and allowed him to restart on the front row for the lap 143 restart. He began to pressure Kyle Busch for the race lead on lap 154 and reclaimed the top spot on lap 159. Eckes perfectly executed a restart on lap 227 and created a comfortable gap over the final 24 circuits. In the waning laps, Eckes was able to fend off Busch’s response for the lead and banked his first BMS win. His victory also marked a historic night for MHR as teammates Zane Smith and NCTS points leader Tyler Ankrum joined him in the top-five, marking the first time the organization has had three of the top-five finishers.

    #19: Christian Eckes, McAnally Hilgemann Racing, NAPA Auto Care Chevrolet Silverado

    “Oh, man, it’s so sweet” Eckes said. “There’s just so much behind this win from last year, missing out on the Championship 4 and losing the race with six (laps) to go. To come back and redeem ourselves was our number one goal, and not only that, but the first three races, how terribly they’ve gone. We had a lot of issues, and to come back and run really good just show the resilience of the team.”

    Start / Finish: 1 / 1
    Points Standing / Total: 5th / 142 pts. (-32)

    Next Race: Saturday, March 23, Circuit of the Americas
    How to Watch or Listen: 1:30 p.m. ET on FS1, MRN or SiriusXM

    NAPA: @NAPARacing
    Christian Eckes: @christianeckes
    Bill McAnally Racing / McAnally-Hilgemann Racing: @BMR_NASCAR

    The post Eckes Seizes Redemption with Dominant Bristol Win appeared first on NAPA Blog.

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    • Chase Elliott and No. 9 NAPA Auto Parts team qualified fifth for Sunday’s NASCAR Cup Series race at Bristol Motor Speedway
    • In a race where tire management was key, the 28-year-old driver persevered to earn the No. 9 team’s first top-10 result of the season and his third straight top-10 at Bristol
    • The 2020 Cup Series champion led twice for a total of five laps on the day – including the 80,000th lap for Hendrick Motorsports in the sport’s premier series – en route to an eighth-place finish
    • Elliott and the No. 9 team leave Bristol sixth in the Cup Series points standings

    Chase Elliott earned a fifth-place starting position in Sunday’s NASCAR Cup Series race at Bristol Motor Speedway. Once the green flag dropped, Elliott held his own inside the top 10 and advanced to third before the first caution of the race came out on lap 22. Under the yellow, Elliott reported that the right front was “taking a beating” but that the No. 9 NAPA Auto Parts Chevrolet Camaro ZL1’s balance was spot on for the current track conditions. Crew chief Alan Gustafson called his driver to pit road for right-side tires and fuel. Elliott restarted fourth on lap 30 and was running in the same position when the caution flag waved again just two laps later. Staying out, he restarted fourth on lap 38 and charged to the lead on lap 61. Elliott stayed out front for four laps, earning Hendrick Motorsports its 80,000th lap led in the Cup Series in the process. When the race slowed for a caution on lap 71, Elliott was scored in the fourth position. He reported to his team that the NAPA Chevrolet was having some voltage issues, but he was ultimately able to remedy it without the team needing to make repairs. Elliott brought the NAPA Chevy to pit road for four tires and fuel. A fast stop by the No. 9 crew gained Elliott a spot on pit road and he lined up third for the restart on lap 79. The Hendrick Motorsports driver held strong inside the top 10 for several laps, but as the run went on Elliott began to get too much wear on his tires and he slid back to 15th to end the first stage.

    #9: Chase Elliott, Hendrick Motorsports, NAPA Auto Parts Chevrolet Camaro

    Gustafson called Elliott to pit road during the stage break for four tires and fuel. Following the stop, the team examined the tires and discovered that both right-side tires were corded – something that a majority of the field was also dealing with. Elliott started the second stage from 13th on lap 140. For several laps, cars ran double file and Elliott was stuck on the outside. At the time of the lap-177 caution, Elliott was scored 23rd. He relayed to his team that he felt that a lot of his competitors were running too hard at the start and that he was trying to protect his tires. After stopping for fresh tires and fuel, Elliott restarted 20th and improved to 17th before the yellow flag was displayed on lap 228. He radioed that he was happy with his NAPA Chevy’s balance. When Elliott came to pit road for four tires and fuel, there was trouble on the pit stop that dropped Elliott deep in the field. Once the race was back to green, he maneuvered his way to 22nd before the green-and-white checkered flag waved to end stage two at lap 250.

    #9: Chase Elliott, Hendrick Motorsports, NAPA Auto Parts Chevrolet Camaro and #5: Kyle Larson, Hendrick Motorsports, HendrickCars.com Chevrolet Camaro

    After receiving four fresh tires, the Dawsonville, Georgia, native took the green flag for the final stage from 18th. However, the NAPA Chevy was too tight during the run and Elliott dropped to 30th as he hurt the right-rear tire trying to make his car turn. When a caution came out on lap 311, the team took the opportunity to make a chassis adjustment to the No. 9 during the four-tire stop. Elliott restarted 27th and was up to 25th when the final yellow flag of the race waved at lap 369. The six-time National Motorsports Press Association Most Popular Driver Award winner brought the No. 9 Chevy to the attention of the pit crew for a fresh set of tires. He was scored 23rd after the pit stop and advanced inside the top 20 after the race went back to green. Elliott methodically pressed forward and broke into the top 10 on lap 432. During the long green-flag run, the team opted to stay out on the track longer than most. Elliott made his way to fifth before coming to pit road for his final pit stop of the day on lap 447. Once pit stops cycled through, he was scored in the 11th position. With fresher tires than some of his competitors, he continued to gain spots in the final laps to take the checkered flag eighth. It was his third straight top-10 finish on the high-banked concrete oval.

    #9: Chase Elliott, Hendrick Motorsports, NAPA Auto Parts Chevrolet Camaro

    Elliott and the No. 9 team leave Bristol sixth in the Cup Series points standings, just 33 markers behind the leader.

    “Normally, you could just bury the car into the corner so far and you don’t ever really get beat by guys with tires that bad,” Elliott said, describing what made the race so challenging. “You could just fall off a cliff there with the way that was. It was like racing at a really old, worn-out short track. It was a lot of fun. I think there was probably a little better balance somewhere up there, but I had a good time.”

    Start / Finish: 5 / 8
    Points Standing / Total: 6th / 152 pts. (-33)

    Next Race: Sunday, March 24, Circuit of the Americas
    How to Watch or Listen: FOX, PRN or SiriusXM

    NAPA: @NAPARacing
    Chase Elliott: @ChaseElliott
    Hendrick Motorsports: @TeamHendrick
    No. 9 Team: @Hendrick9Team

    The post Elliott Earns Eighth-Place Result at Bristol appeared first on NAPA Blog.

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