genuine parts company

Excluding divestitures, net sales from continuing operations were down 2.3% for the twelve months. Get Directions (678) 934-5000. The Company’s GPC Asia Pacific business serves the Australasian markets primarily under the brand name Repco. In 1928, Carlyle Fraser founded GPC with the purchase of Motor Parts Depot in Atlanta, Georgia. Learn about Genuine Parts Company , including insurance benefits, retirement benefits, and vacation policy. Reviews from Genuine Parts Company employees about Genuine Parts Company culture, salaries, benefits, work-life balance, management, job security, and more. “The COVID-19 pandemic has been incredibly challenging, but the global GPC team proved resilient and up to the challenge. About Genuine Parts Company Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive replacement parts and industrial parts. Genuine Parts Company (NYSE:GPC) Q4 2020 Results Conference Call February 17, 2021 11:00 AM ET. Treat your car to great deals on top motor oil brands. Genuine Parts Company is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. For the year, the Company reduced debt by $749 million, or 22%, and is in compliance with all its debt covenants. The Industrial Parts Group, which operates under the name Motion Industries, offers access to more than 5.6 million industrial replacement parts and related supplies and serves over 150,000 MRO and OEM customers throughout North America and in all types of industries. Main Why Choose GPC These top line results, combined with further gross margin improvement and lower operating expenses, drove expanded operating margins in both our automotive and industrial businesses and strong earnings growth. The Company also returned $549 million to shareholders, including $453 million in dividends and $96 million in share repurchases,” said Carol Yancey, Executive Vice President and Chief Financial Officer. The Company improved its debt position in the fourth quarter by issuing $500 million in public debt and refinancing its revolving credit facility. Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Automotive Parts Group, the largest division of GPC, distributes over 450,000 automotive replacement parts, accessory items and service items throughout North America, Australia and New Zealand. Backwards Brakes: Just when you think you’ve seen every... Young Leader of the Year dedicates award to late indust... Net cash provided by operating activities, – Diluted EPS from Continuing Operations $1.18, Up 119%, – Adjusted Diluted EPS from Continuing Operations $1.52, Up 19.7%, – Sales $16.5 billion, Down 5.6%; Excluding Divestitures, Down 2.3%, – Diluted EPS from Continuing Operations $1.13, Down 74%, – Adjusted Diluted EPS from Continuing Operations $5.27, Down 0.8%, – Cash Flow from Operations of $2.0 billion, – Returned $549 million to Shareholders via Cash Dividends and Share Repurchases, – Introduces 2021 Outlook for Revenue Growth of 4% to 6% and Diluted EPS of $5.55 to $5.75. However, with a Zacks Rank #3, it is hard to get too excited about this company overall. Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. Genuine Parts Company, founded in 1928, is a world-class distribution organization involved in automotive replacement parts, industrial replacement parts, and business products. The Company ended the year with $2.9 billion in total liquidity, consisting of $1.9 billion in unused credit capacity and $1.0 billion in cash and cash equivalents. “While we chose to prudently conserve cash and carefully monitor our capital deployment through much of 2020 due to COVID-19, we reinvested in our businesses via essential capital expenditures and a few bolt-on acquisitions. Genuine Parts Company (GPC) is an American service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. So little time. Contact us by phone: (678) 934-5000. Compare salaries and apply for … ABOUT GENUINE PARTS COMPANY. Quickly find and apply for your next job opportunity on Workopolis. The increase consisted of a 0.9% contribution from acquisitions and a 1.8% net benefit of foreign currency, offset by a 2.0% decrease in comparable sales. Looking for something new? 654 people like this. Compare pay for popular roles and read about the team’s work-life balance. As we gain greater visibility into the macro environment, we expect to resume more normal levels of capital allocation, including the reinvestment in our business.”, “The year 2020 was extraordinary in every respect,” Mr. Donahue concluded. Contact us by email: webmaster@genpt.com. 620 check-ins. We hear you. The Company generated operating cash flow from continuing operations of $2.0 billion in 2020, an increase from $833 million in 2019, driven primarily by working capital initiatives, including the sale of accounts receivable that increased operating cash flows by $800 million. Genuine Parts Company is reinstating its practice of providing full-year guidance. Over the last 92 years, GPC, in relationship with NAPA, has grown rapidly as the number of independent car repair garage shops has increased. These include the food and beverage, forest products, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical and pharmaceutical industries.

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