NAPA Auto Parts Parent's Stock Tumbles on Weak Profit, Lowered Outlook [Yahoo! Finance]
Genuine Parts Company (GPC)
Last genuine parts company earnings: 2/19 08:40 am
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US:NYSE Investor Relations:
genuineparts.investorroom.com
Company Research
Source: Yahoo! Finance
Macroeconomic difficulties in a number of its international markets hurt the company's results, which CEO Will Stengel said is likely to continue through the rest of 2024. GPC also lowered its full-year profit projections and now sees industrial sales declining by 1% to 2% from flat to 2% growth previously. Genuine Parts Co. ( GPC ) was the biggest decliner in the S&P 500 Tuesday after its third-quarter net income fell well short of estimates and it lowered its profit projections for the full fiscal year. The parent of NAPA Auto Parts and other brands narrowly beat consensus revenue estimates at $5.97 billion, but profit of $226.6 million fell well short of the $338.4 million expected by analysts polled by Visible Alpha. 'Continued Weakness' in Europe Hits Results "Our results were below our expectations, primarily driven by continued weakness in market conditions in Europe and our Industrial business," GPC Chief Executive Officer (CEO) Will Stengel said. "While the externa
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News
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GPC
Earnings
- 10/22/24 - Miss
GPC
Sec Filings
- 11/19/24 - Form 8-K
- 11/4/24 - Form 4/A
- 11/4/24 - Form 4
- GPC's page on the SEC website