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Stock impact report

Genuine Parts beats quarterly profit estimates as it adds more stores [Yahoo! Finance Canada]

Genuine Parts Company (GPC) 
Last genuine parts company earnings: 2/19 08:40 am Check Earnings Report
US:NYSE Investor Relations: genuineparts.investorroom.com
Adjusted profit per share for the quarter ended December 31 was $1.61, compared with analysts' average expectation of $1.55, according to date compiled by LSEG. The company reported fourth quarter revenue of $5.77 billion, compared with expectations of $5.72 billion. In 2024, the company had cut costs, including through reducing headcount, to offset a slower recovery in the European automotive aftermarket business. The Atlanta, Georgia-based Genuine Parts said it intends to expand the global restructuring efforts in 2025, and anticipates around $150 million to $180 million of costs in the year. "While the year presented challenges due to macroeconomic conditions and softer end-market demand, we remained focused on controlling what we could," Will Stengel, CEO, said in a statement. The company also expects 2025 total sales to grow between 2% and 4%, compared with estimates of 2.92% growth. (Reporting by Raechel Thankam Job; Editing by Sahal Muhammed) Recommended Stories Show less Read more
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