Genuine Parts (GPC) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on July 23 of this year.  The company distributes automov. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.DescriptionPool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement ...

A NAPA auto parts warehouse. jetcityimage/iStock Editorial via Getty Images One of the most appealing advantages of the dividend growth investing strategy is the ability to bypass market volatility. What do I mean? Regardless of what the market is doing, I believe a well-diversified portfolio of dividend stocks can provide me with a consistently growing income stream. Certain business models like REITs and utilities could encounter difficulties in a prolonged bear market. But from my perspective, my alloc ...

ATLANTA, Aug. 20, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its 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 on October 1, 2024 to shareholders of record on September 6, 2024.About Genuine Parts CompanyEstablished in 1928, Genuine Parts Company is a leading global servic ...

Jenn Hulett Appointed Executive Vice President and Chief People OfficerATLANTA, Aug. 19, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Jenn Hulett joined GPC as Executive Vice President and Chief People Officer, effective August 19, 2024. Jim Neill, who previously announced his retirement from GPC, will continue to serve in an advisory role through September 30, 2024 to ...

Genuine Parts Company (GPC) reported second-quarter 2024 adjusted earnings of $2.44 per share, which missed the Zacks Consensus Estimate of $2.59 per share. The bottom line remained flat year over year. The company reported net sales of $5.96 billion, missing the Zacks Consensus Estimate of $6.04 billion but inching up 0.8% year over year. This nominal increase was due to a 2.2% boost from acquisitions, offset by a 0.9% drop in comparable sales and a 0.5% impact from unfavorable foreign currency transaction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-5690 __________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbo ...

财务数据和关键指标变化 - 总销售额为60亿美元,同比增长约1% [15] - 总公司毛利率增加50个基点,得益于战略采购和定价举措的持续执行 [35] - 调整后净收入为3.42亿美元,每股2.44美元,与上年同期持平 [37] - 经营活动产生的现金流为6.12亿美元,同比增长34% [38] - 自由现金流为3.53亿美元,同比增长40% [38] 各条业务线数据和关键指标变化 工业板块 - 销售额为22亿美元,下降约1% [17] - 可比销售额下降1.6% [17] - 分部利润为2.77亿美元,下降约2%,利润率为12.4% [20] 汽车板块 - 销售额为37亿美元,增长2% [21] - 可比销售额下降0.6% [21] - 分部利润为3.14亿美元,下降4.7%,利润率为8.4% [21] 各个市场数据和关键指标变化 欧洲 - 销售额以当地货币计增长约8%,可比销售额增长约1% [22] - NAPA品牌产品销售有望超过5亿欧元,超过初始目标 [22] 亚太 - 销售额以当地货币计增长约3%,可比销售额增长2% [23] 加拿大 - 销售额以当地货币计增长1%,可比销售额下降约2% [24] 美国 - 销售额增长0.5%,可比销售额下降1.5% [25] - 商业客户和自助客户销售均略有下降,商业客户表现略好 [26] - 独立店主的采购行为趋于正常化,这一趋势预计将持续全年 [27] 公司战略和发展方向及行业竞争 - 公司将继续推进收购独立店主的战略,目前公司自有店铺占比已达30% [29][85][86] - 公司正在优化供应链,包括新建配送中心,以提升客户体验 [46] - 公司将继续保持谨慎的并购策略,寻求创造价值的机会 [47] 管理层对经营环境和未来前景的评论 - 第二季度业绩低于预期,主要受工业生产疲软、欧洲需求下滑和美国汽车后市场需求不稳定的影响 [16] - 预计下半年工业和欧洲市场形势将持续疲弱,公司调整了全年销售和利润预期 [42][43][44][45] - 汽车行业基本面如行驶里程、车龄和新二手车价格仍然向好,公司有信心把握行业机遇 [30] - 工业业务广泛覆盖14个细分市场,有望在经济环境改善时获得增长 [31] 其他重要信息 - 公司启动了全球重组计划,预计2024年将实现20-40百万美元的成本节约 [41] - 公司完成了对最大独立店主MPEC的收购,将181家门店并入NAPA网络 [15][29][39] 问答环节重要的提问和回答 问题1 **Bret Jordan 提问** 独立店主的采购行为预计将在下半年趋于正常 [49] **Will Stengel 回答** 公司正在与独立店主密切合作,在库存策略、服务水平等方面取得了良好进展,预计下半年这一趋势将持续 [50] 问题2 **Scot Ciccarelli 提问** 公司在定价策略上如何平衡竞争压力 [54][55] **Bert Nappier 回答** 公司的定价策略更加全面,不仅包括提价,还通过采购和SKU级别的管理来优化毛利率,并利用数据分析在本地市场保持竞争力 [55][56] 问题3 **Kate McShane 提问** 美国NAPA业务第二季度表现的驱动因素 [60][61] **Will Stengel 回答** 4月份表现疲弱,但随后逐步改善,主要得益于天气转暖、库存状况改善以及MPEC收购的贡献 [67]

Genuine Parts (GPC) came out with quarterly earnings of $2.44 per share, missing the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $2.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.79%. A quarter ago, it was expected that this auto and industrial parts distributor would post earnings of $2.15 per share when it actually produced earnings of $2.22, delivering a surprise of 3.26%.Over the last f ...

www.genpt.com News Release July 23, 2024 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Second Quarter 2024 Results and Revises Full-Year Outlook • Sales of $6.0 billion, Up 0.8% • Diluted EPS of $2.11, Down 13.5% • Adjusted Diluted EPS of $2.44, In-line with Prior Year • Revises 2024 Outlook: ◦ Revenue Growth of 1% to 3% from 3% to 5% ◦ Adjusted Diluted EPS of $9.30 to $9.50 from $9.80 to $9.95 ATLANTA -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial repl ...

Q2'24 Earnings Presentation July 23, 2024 GPC Snapshot (as of 6/30/2024) | --- | --- | |------------------------------|-------------| | Founded | 1928 | | Headquarters | Atlanta, GA | | Countries Served | 17 | | Locations | ~10,780 | | • Distribution Centers | ~195 | | • Warehouses | ~740 | | • Retail (Owned/Independent) | ~9,845 | | Employees | ~60,000 | | Market Capitalization | ~$19.3B | TTM Financial Highlights | --- | --- | |------------------------|--------| | Revenue1 | $23.2B | | • Automotive | 62% ...