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Last $93.54 USD
Change Today -0.03 / -0.03%
Volume 408.4K
GPC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

genuine parts co (GPC) Key Developments

Genuine Parts Eyes Metcash Auto Division

Genuine Parts Company (NYSE:GPC) announced that it will have a close look at automotive division of Metcash Limited (ASX:MTS) as a potential acquisition as it seeks further expansion in a rapidly consolidating sector.

Genuine Parts Company Declares Quarterly Dividend, Payable on July 1, 2015

Genuine Parts Company announced that its Board of Directors declared a regular quarterly cash dividend of sixty-one and one-half cents ($0.615) per share on the Company's common stock. The dividend is payable July 1, 2015 to shareholders of record June 5, 2015.

Genuine Parts Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

Genuine Parts Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net sales were $3,736,051,000 against $3,624,897,000 a year ago. Income before income taxes was $251,381,000 against $243,972,000 a year ago. Net income was $161,010,000 against $157,484,000 a year ago. Basic and diluted net income per common share was $1.05 against $1.02 a year ago. Capital expenditures were $16,427,000 against $18,387,000 a year ago. Net cash provided by operating activities was $122,512,000 against $59,779,000 a year ago. Purchases of property, plant and equipment was $16,427,000 against $18,387,000 a year ago. Operating profit increased 3% in the first quarter of 2015. Company's 3% sales increase in the first quarter was driven by a combination of solid sales on both commercial wholesale side of the business and on retail side of the business. The company continues to expect net interest expense of approximately $22 million to $24 million for the full year. The company estimates $40 million to $42 million in total amortization expense for the full year. The company continues to expect corporate expense to be in the $85 million to $95 million range for the full year. For the full year, now expect tax rate to trend in the 36.7% to 37.0% range. The company continues to generate solid cash flows and well-positioned for the balance of 2015. For the full year, company expects cash from operations to be in the $800 million to $850 million range, and free cash flow, which deducts capital expenditures and dividends, to be in the $350 million range. Company expects expenditures to increase as the year progresses, and continue to look for CapEx spending to be in the range of $125 million to $145 million for the full year. Its guidance remains for EPS to come in between $4.70 and $4.80, and as a reminder, this includes approximately $0.15 per share impact from unfavorable exchange rates and the related increase in overall tax rate.

Genuine Parts Company to Report Q1, 2015 Results on Apr 21, 2015

Genuine Parts Company announced that they will report Q1, 2015 results at 11:00 AM, US Eastern Standard Time on Apr 21, 2015

Genuine Parts Company, Q1 2015 Earnings Call, Apr 21, 2015

Genuine Parts Company, Q1 2015 Earnings Call, Apr 21, 2015

 

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GPC:US $93.54 USD -0.03

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Industry Analysis

GPC

Industry Average

Valuation GPC Industry Range
Price/Earnings 20.2x
Price/Sales 0.9x
Price/Book 4.5x
Price/Cash Flow 16.5x
TEV/Sales 0.9x
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