Jump to content

  • Welcome to Auto Parts Forum

    Whether you are a veteran automotive parts guru or just someone looking for some quick auto parts advice, register today and start a new topic in our forum. Registration is free and you can even sign up with social network platforms such as Facebook, X, and LinkedIn. 

     

Genuine Parts Company Announces New Board Member


Recommended Posts

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Similar Topics

    • By NAPA
      ATLANTA, April 18, 2024 /
      link hidden, please login to view/ -- 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.

      link hidden, please login to view
    • By NAPA
      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 link hidden, please login to view 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, 
      link hidden, please login to view NAPA Racing:
      link hidden, please login to viewRon Capps:  link hidden, please login to view
      Ron Capps Motorsports:  link hidden, please login to view The post
      link hidden, please login to view appeared first on link hidden, please login to view.
      link hidden, please login to view
    • By Rade
      Hello, does anyone know name of company who put that sticker on goods?
      Via that company can order every part from OE for Vw Audi Skoda Seat Bmw Mercedes Porsche Land Rover and same..
       

    • By OReilly Auto Parts
      SPRINGFIELD, Mo., April 01, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its first quarter 2024 results as Wednesday, April 24, 2024, with a conference call to follow on Thursday, April 25, 2024.
      The Company’s first quarter 2024 results will be released after 3:30 p.m. Central Time on Wednesday, April 24, 2024, and can be viewed, at that time, on the Company’s website at  link hidden, please login to view by clicking on “Investor Relations” and then “News Room.”
      Investors are invited to listen to the Company’s conference call discussing the financial results for the first quarter of 2024, on Thursday, April 25, 2024, at 10:00 a.m. Central Time, via webcast on the Company’s website at  link hidden, please login to view by clicking on “Investor Relations” and then “News Room.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 193896. A replay of the conference call will be available on the Company’s website through April 24, 2025.
      About O’Reilly Automotive, Inc.
      O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at  link hidden, please login to view for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of December 31, 2023, the Company operated 6,157 stores across 48 U.S. states, Puerto Rico, and Mexico.
       
      link hidden, please login to view
    • A-premium Auto Parts:5% OFF with Code GM5.
    • By NAPA
      ATLANTA, March 28, 2024 /
      link hidden, please login to view/ -- 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  link hidden, please login to view. 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 
      link hidden, please login to view. 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
      link hidden, please login to view

×
  • Create New...