For the year, the Company reduced debt by $749 million, or 22%, and is in compliance with all its debt covenants. Benefits information above is provided anonymously by current and former Genuine Parts Company employees, and may include a summary provided by the employer. Compare pay for popular roles and read about the team’s work-life balance. The original GPC store had annual sales of $75,000 and had only six employees. Stengel previously served as executive vice-president and chief transformation officer of the company and becomes only the eighth president in the company… Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Founded in 1928, Genuine Parts Company (GPC) is a global service organization engaged in the distribution of automotive replacement parts and industrial parts. The Company… Genuine Parts Company (NYSE:GPC) Q4 2020 Results Conference Call February 17, 2021 11:00 AM ET. Motion Industries. The Company’s Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. The Company’s Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany, Poland, the Netherlands and Belgium. The Company considered its current growth plans, strategic initiatives, recent business trends, global economic outlook and the continued uncertainty of COVID-19 and its potential impact on our results, in establishing its full-year 2021 guidance as outlined in the table below. Genuine Parts Company is reinstating its practice of providing full-year guidance. We are extremely proud of our team for their many accomplishments in a difficult year and excited to move forward into 2021 as a stronger, more agile Company well-positioned to drive strong sales growth, earnings and cash flow.”. Contact us by phone: (678) 934-5000. Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. Paul Donahue - Chairman and CEO. The Company has a distribution network of over 3,600 operations located throughout the United States, Canada, Mexico, Australia, New Zealand, Indonesia, Singapore, France, the U.K., Germany, Poland, the Netherlands, … Notably, we further streamlined our operations with the divestiture of our Business Products segment, which helped optimize our portfolio and strengthened our focus on the global automotive and industrial businesses. In 1928, Carlyle Fraser founded GPC with the purchase of Motor Parts Depot in Atlanta, Georgia for $40,000. Reviews from Genuine Parts Company employees about Genuine Parts Company culture, salaries, benefits, work-life balance, management, job security, and more. Automotive sales were $2.8 billion in the fourth quarter, up 0.7% from 2019 and representing 66% of total Company revenues. Over the last 92 years, GPC, in relationship with NAPA, has grown rapidly as the number of independent car repair garage shops has increased. The GPC team was agile in adapting to dynamic conditions and executed on our initiatives to deliver customer value, operational efficiencies and strong financial results. In North America, parts are sold primarily under the NAPA brand name, widely recognized for quality parts, quality service and knowledgeable people. 1 Adjusted net income from continuing operations, adjusted diluted net income from continuing operations per common share, sales excluding divestitures and free cash flow referred in this press release are non-GAAP financial measures. Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. About Genuine Parts Company . 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. The Company improved its debt position in the fourth quarter by issuing $500 million in public debt and refinancing its revolving credit facility. 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. In total, the Company serves its global customers from an extensive network of more than 10,000 locations in 14 countries. Compare salaries and apply for … The decrease in sales was comprised of a 4.4% decrease in comparable sales, partially offset by a 0.6% contribution from acquisitions and a 0.5% net benefit of foreign currency. The Company’s … Excluding divestitures, net sales from continuing operations were down 2.3% for the twelve months. Segment profit of $240.1 million increased 19.4%, with profit margin of 8.5%, up 130 basis points from 2019. Main Why Choose GPC Excluding items which impact comparability with prior periods, the Company’s adjusted net income from continuing operations was $765.0 million, or $5.27 per share, compared to $776.8 million, or $5.31 per share in 2019. “We enter 2021 with an excellent balance sheet, including a strong cash position and ample liquidity, to support our growth plans and provide for disciplined, value creating capital allocation. The Company’s GPC Asia Pacific business serves the Australasian markets primarily under the brand name Repco. Learn about Genuine Parts Company , including insurance benefits, retirement benefits, and vacation policy. 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. Uncover why Genuine Parts Company is the best company for you. So many oil deals. Net income from continuing operations was $163.4 million and diluted earnings per share were $1.13 for the twelve months, compared to $646.5 million, or $4.42 per share in 2019. Today Genuine Parts Company (GPC) is a service organization engaged in the distribution of: • Automotive Replacement Parts • Industrial Replacement Parts and Materials. We also finished the year with a strong balance sheet, ample liquidity and robust cash flow.”. Industrial sales were much improved from the prior quarter and grew progressively stronger through the last three months of the year. 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. 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. Interested parties may listen to the call and view the supplemental earnings deck on the Company’s website at http://genuineparts.investorroom.com. Genuine Parts Company will hold a conference call February 17, at 11:00 a.m. Eastern time to discuss the results of the quarter and future outlook. Please refer to the supplemental information presented below for reconciliations of the non-GAAP financial measures used in this release to the most comparable GAAP financial measure and related disclosures. Genuine Parts Company, founded in 1928, is a world-class distribution organization involved in automotive replacement parts, industrial replacement parts, and business products. Genuine Parts Company Reports Results For The Fourth Quarter And Full Year 2020 ATLANTA, Feb. 17, 2021 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today its results for the fourth quarter and twelve months ended December 31, 2020. The Company also generated $183 million in cash flow from investing activities and used $1.5 billion of cash flow in financing activities. Balance Sheet, Cash Flow and Capital Allocation. GPC History. Genuine Parts Company 2999 Wildwood Pkwy Atlanta, GA 30339. Your email address will not be published. Contact us by email: webmaster@genpt.com. Required fields are marked *, Designed by Elegant Themes | Powered by WordPress. Community See All. Genuine Parts Company is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. Genuine Parts Co. engages in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. “Our fourth quarter results reflect the benefit of our ongoing strategic actions, despite the continued challenges of COVID-19. The Company will update full-year guidance during 2021, as appropriate. A replay will also be available on the Company’s website or at 844-512-2921, conference ID 13715052, two hours after the completion of the call until 12:00 a.m. Eastern time on March 3, 2021. Free cash flow was $1.9 billion, an increase from $555 million in 2019. 654 people like this. Shareholder inquiries may be directed to our investor relations contacts, Carol Yancey or Sid Jones. About Genuine Parts Company. Treat your car to great deals on top motor oil brands. 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. He t... See More. 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. Get a $20 mail-in rebate when you buy a Gold or Platinum oil filter, a gold cabin filter and a gold air filter. 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. Browse 52 BEAUHARNOIS, QUEBEC PROVINCE UAP INC. job listings from companies with openings that are hiring right now! “The COVID-19 pandemic has been incredibly challenging, but the global GPC team proved resilient and up to the challenge. The Company’s GPC Asia Pacific business serves the Australasian markets primarily under the brand name Repco. See insights on Genuine Parts Company including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. We hear you. Find out what works well at Genuine Parts Company from the people who know best. Further information is available at www.genpt.com. Get Directions (678) 934-5000. 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. ATLANTA and LONDON, Sept. 25, 2017 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) ("the Company") and Alliance Automotive Group ("AAG"), a leading European distributor of vehicle parts, tools and workshop equipment, announced today that they have entered into a definitive agreement under which Genuine Parts Company will acquire Alliance Automotive Group from private equity funds … Industrial sales were $1.4 billion in the fourth quarter, down 3.3% from 2019 and representing 34% of total Company revenues. About See All. Sid Jones - SVP, IR. Segment profit of $133.4 million increased 5.1%, with profit margin of 9.3%, up 70 basis points from 2019. Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. Moreover, a strong industry rank (Top 6% out of more than 250 industries) further supports the growth potential of the stock. by Andrew Ross | Feb 17, 2021 | 0 comments, Genuine Parts Company announced its results for the fourth quarter and twelve months ended December 31, 2020 and reinstated full-year guidance for 2021.“Our fourth quarter results reflect the benefit of our ongoing strategic actions, despite the continued challenges of COVID-19. Genuine Parts Company Common Stock (GPC) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. A supplemental earnings deck will also be available for reference. Looking for something new? However, with a Zacks Rank #3, it is hard to get too excited about this company overall. Quickly find and apply for your next job opportunity on Workopolis. ABOUT GENUINE PARTS COMPANY. Genuine Parts Company announced its results for the fourth quarter and twelve months ended December 31, 2020 and reinstated full-year guidance for 2021. Your email address will not be published. In 1928, Carlyle Fraser founded GPC with the purchase of Motor Parts Depot in Atlanta, Georgia. Company Participants. Reviews from Genuine Parts Company employees about Genuine Parts Company culture, salaries, benefits, work-life balance, management, job security, and more. Sales from continuing operations for the twelve months ended December 31, 2020 were $16.5 billion, a 5.6% decrease compared to $17.5 billion in 2019. 620 check-ins. 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. So little time. These include the food and beverage, forest products, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical and pharmaceutical industries. It owns the NAPA Auto Parts brand. Genuine Parts Company announced today that its Board of Directors has appointed William P. Stengel to the position of president. The Company’s Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany, Poland, the Netherlands and Belgium. GPC serves numerous customers from more than 2,600 operations around the world, and has approximately 48,000 employees. “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. 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. Contact Genuine Parts Company on Messenger. Despite economic and market uncertainties, we remained focused on our strategic growth initiatives and cost actions. 725 people follow this. Genuine Parts Company is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. He then renamed the parts store Genuine Parts Company. 2999 Wildwood Parkway (2,024.26 mi) Marietta, GA, GA 30067 . We are grateful to our 50,000 associates for their unwavering commitment to excellence while responding to unprecedented business and economic conditions,” said Paul Donahue, Chairman and Chief Executive Officer of Genuine Parts Company.Fourth Quarter 2020 Highlights, Donahue continued, “Automotive sales were led by strong growth in Australasia, while the pace of recovery slowed in Europe and North America relative to the previous quarter. In response, our team was focused on our strategic priorities to strengthen our supply chain, improve our inventory availability and enable our sales team to build positive sales momentum. Genuine Parts Company has 55,000 employees at their 1 location and $19.39 B in annual revenue in FY 2019. The call is also available by dialing 877-407-0789, conference ID 13715052.

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