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Category: Genuine Parts
GPC 2021 Sales Top $18B
Genuine Parts Company (NYSE: GPC) reported 2021 year-end sales of $18.9 billion and fourth-quarter sales of $4.8 billion. The year-end figure was 14.1% above 2020 totals, while the fourth-quarter sales figure was a 13% increase over the same quarter a year before. Net income in the fourth quarter from continuing operations was $256 million, or […]
Genuine Parts Increases Dividend 10%
Genuine Parts Company (NYSE: GPC) announced a 10% increase in the regular quarterly cash dividend for 2022, marking the 66th consecutive year it has increased the dividend. The GPC Board of Directors increased the cash dividend payable to an annual rate of $3.58 per share compared with the previous dividend of $3.26 per share. The […]
Genuine Parts CFO to Retire
After three decades at Genuine Parts Company, Executive Vice President and Chief Financial Officer Carol Yancey will retire at the end of May, the company said. “On behalf of the entire organization, we want to thank Carol for her 30 years of dedicated service to GPC, including the last nine years as CFO,” said Chairman […]
Motion Finalizes $1.3B Kaman Deal
Motion Industries, Inc. has completed its purchase of Kaman Distribution Group for approximately $1.3 billion in cash. The deal was finalized Monday. Genuine Parts Company last month agreed to acquire Kaman Distribution Group under GPC’s wholly owned subsidiary, subsidiary Motion Industries. The addition of KDG is expected to significantly boost Motion’s concentration in core industrial […]
Genuine Parts to Acquire Kaman Distribution Group Under Motion Subsidiary
Genuine Parts Company (NYSE: GPC) on Thursday announced it has entered into a definitive agreement to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc. The acquisition of KDG from private investment firm Littlejohn & Co. is valued at approximately $1.3 billion, according to GPC. The transaction is expected to close in the […]
Genuine Parts’ Q3 Sales Up 10.3%
Atlanta-based Genuine Parts Company (NYSE: GPC) announced Thursday that its third-quarter 2021 sales were $4.8 billion, a 10.3% increase over the same period a year ago. The company attributed the improvement to a 7.6% increase in comparable sales, a 1.8% benefit from acquisitions and a 0.9% net favorable impact of foreign currency and other. Net […]
Genuine Parts’ 3Q Sales Up 10.3%
Atlanta-based Genuine Parts Company (NYSE: GPC) announced Thursday that its third-quarter 2021 sales were $4.8 billion, a 10.3% increase over the same period a year ago. The company attributed the improvement to a 7.6% increase in comparable sales, a 1.8% benefit from acquisitions and a 0.9% net favorable impact of foreign currency and other. Net […]
