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Genuine Parts Co (GPC.N)

GPC.N on New York Stock Exchange

87.75USD
20 Apr 2018
Change (% chg)

$-0.39 (-0.44%)
Prev Close
$88.14
Open
$88.15
Day's High
$88.65
Day's Low
$86.91
Volume
282,261
Avg. Vol
275,092
52-wk High
$107.74
52-wk Low
$79.86

Latest Key Developments (Source: Significant Developments)

Genuine Parts Says Essendant Must Pay Termination Fee Of $12 Mln Under Certain Circumstances
Thursday, 12 Apr 2018 

April 12 (Reuters) - Genuine Parts ::IF DEAL TERMINATED BECAUSE APPROVAL IS NOT OBTAINED AT ESSENDANT STOCKHOLDER MEETING, ESSENDANT TO REIMBURSE CO FOR EXPENSES UP TO $3 MILLION.DEAL WITH ESSENDANT PROVIDES ESSENDANT MUST PAY CO TERMINATION FEE OF $12 MILLION ON TERMINATION OF AGREEMENT UNDER CERTAIN CIRCUMSTANCES.  Full Article

Genuine Parts announces industrial and automotive acquisitions
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Genuine Parts Co :Genuine Parts Company announces industrial and automotive acquisitions.Genuine Parts Co - ‍Deal adds approximately $125 million in annual revenue​.Genuine Parts Co - ‍Company expects Apache to generate estimated annual revenues of $100 million​.Genuine Parts Co - ‍Addition of Monroe will consolidate into U.S. Automotive operations, expected to generate approximate annual revenues of $25 million​.Genuine Parts Co - ‍In addition, co entered definitive agreement to acquire Monroe Motor products, with an effective close date of November 1, 2017​.  Full Article

Genuine Parts Company Q3 earnings per share $1.08
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Genuine Parts Co :Genuine Parts Company reports sales and earnings for the third quarter ended September 30, 2017.Q3 earnings per share $1.08.Q3 sales $4.1 billion versus I/B/E/S view $4.1 billion.Q3 earnings per share view $1.28 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $4.55 to $4.60.Sees FY 2017 earnings per share $4.47 to $4.52.Q3 adjusted earnings per share $1.16 excluding items.Sees FY 2017 sales up 4 to 4.5 percent.FY2017 earnings per share view $4.73, revenue view $15.99 billion -- Thomson Reuters I/B/E/S.Updates 2017 outlook​.Q3 profitability impacted by lower gross margin, higher operating expenses, co's margin expansion initiatives did not meet expectations​.  Full Article

Genuine Parts Co announces additional 15 mln share repurchase program
Monday, 21 Aug 2017 

Aug 21 (Reuters) - Genuine Parts Co :Genuine parts company announces new board member, declares regular quarterly dividend and announces additional 15 million share repurchase program.Genuine parts co - ‍company has increased number of shares of its common stock authorized for repurchase by 15 million shares​.Genuine parts co says board of directors elected P. Russell Hardin as a new independent director of company.  Full Article

Genuine Parts announces 2 deals adding $70 mln in revenue
Wednesday, 22 Jun 2016 

Genuine Parts Co : Addition of auto-camping is expected to generate annual revenues of approximately $50 million . Addition of auto-camping is expected to generate annual revenues of approximately $50 million (usd) . To acquire auto-camping, ltd. And select assets within janitorial and sanitation business of Rochester Midland Corporation . Jan/San business is expected to generate incremental annual revenues of approximately $20 million . Plans to integrate jan/san business into impact products division of s.p. Richards, growing facilities, breakroom supplies product offering .Genuine Parts Company announces two acquisitions adding $70 million in annual revenue.  Full Article

BRIEF-Genuine Parts Company Q1 Earnings Per Share $1.20

* MPANY REPORTS SALES AND EARNINGS FOR THE FIRST QUARTER ENDED MARCH 31, 2018