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Last $88.83 USD
Change Today +0.32 / 0.36%
Volume 190.9K
GPC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:25 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

genuine parts co (GPC) Key Developments

Genuine Parts Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015

Genuine Parts Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $3,940,401,000 against $3,908,387,000 a year ago. Income before income taxes was $310,117,000 against $310,180,000 a year ago. Net income was $195,373,000 or $1.28 per diluted share against $197,727,000 or $1.28 per diluted share a year ago. Total operating profit was $349,388,000 against $349,757,000 a year ago. Capital expenditures were $21,037,000 against $21,536,000 a year ago. For the six months, the company reported net sales of $7,676,452,000 against $7,533,284,000 a year ago. Income before income taxes was $561,498,000 against $554,152,000 a year ago. Net income was $356,383,000 or $2.33 per diluted share against $355,211,000 or $2.30 per diluted share a year ago. Total operating profit was $639,785,000 against $632,392,000 a year ago. Capital expenditures were $37,464,000 against $39,923,000 a year ago. Net cash provided by operating activities was $454,108,000 against $367,102,000 a year ago. The company continues to generate solid cash flows and it is raising its 2015 projections for cash from operations and free cash flows by $50 million. For the full year, it is now planning for cash from operations to be in the $850 million to $900 million range. Additionally, it currently expects free cash flow, which deducts capital expenditures and dividends, to be in the $350 million to $400 million range. The company is currently planning for CapEx spending to be in the range of $125 million to $135 million for the full year. Looking ahead, it is projecting depreciation and amortization to be approximately $145 million to $155 million for the full year in 2015. It would expect net interest expense of approximately $21 million to $22 million for the full year. It currently estimates $36 million to $38 million in total amortization expense for the full year.

Genuine Parts Plans Acquisitions

Genuine Parts Company (NYSE:GPC) plans to make acquisitions. The company stated that will continue to seek new acquisition opportunities and is "open minded" to businesses of all sizes.

Genuine Parts Company to Report Q2, 2015 Results on Jul 20, 2015

Genuine Parts Company announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 20, 2015

Genuine Parts Company, Q2 2015 Earnings Call, Jul 20, 2015

Genuine Parts Company, Q2 2015 Earnings Call, Jul 20, 2015

Genuine Parts Co. Plans to Spend $45 Million to Construct Six-Story Headquarters Building on Wildwood Parkway in Cobb County

Cobb County's development authority voted to give Genuine Parts Co. a $75,000 grant and tax breaks for 10 years as an incentive to stay in the county. Genuine Parts in January sold its land and headquarters building on Circle 75 Parkway to the Atlanta Braves for potential parking at SunTrust Park. Genuine Parts Co. planned to spend $45 million to construct a six-story headquarters building on Wildwood Parkway in Cobb County.

 

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GPC Competitors

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Company Last Change
Advance Auto Parts Inc $175.07 USD +1.26
Parker-Hannifin Corp $109.53 USD -2.88
Stanley Black & Decker Inc $104.01 USD +0.27
Valeo SA €122.75 EUR +1.15
WW Grainger Inc $226.55 USD +1.70
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Industry Analysis

GPC

Industry Average

Valuation GPC Industry Range
Price/Earnings 19.2x
Price/Sales 0.9x
Price/Book 4.2x
Price/Cash Flow 15.8x
TEV/Sales 0.8x
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