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Genuine Parts Co (GPC.N)

GPC.N on New York Stock Exchange

97.61USD
18 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Genuine Parts Company Enters Into Definitive Agreement To Complete Acquisition Of Leading Industrial Distributor
Wednesday, 22 May 2019 

May 22 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY ENTERS INTO DEFINITIVE AGREEMENT TO COMPLETE ACQUISITION OF LEADING INDUSTRIAL DISTRIBUTOR IN AUSTRALASIA.GENUINE PARTS CO - INENCO GROUP TO PROVIDE ACCRETIVE INDUSTRIAL EXPANSION.GENUINE PARTS CO - ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE REMAINING 65% STAKE OF INENCO GROUP (INENCO), HEADQUARTERED IN SYDNEY, AUSTRALIA..GENUINE PARTS CO - COMPANY EXPECTS TO FINANCE BALANCE OF PURCHASE PRICE USING A COMBINATION OF CASH AND BORROWINGS..  Full Article

Genuine Parts Reports Q1 Earnings Per Share Of $1.09
Thursday, 18 Apr 2019 

April 18 (Reuters) - Genuine Parts Co ::REPORTS SALES AND EARNINGS FOR THE FIRST QUARTER ENDED MARCH 31, 2019.Q1 EARNINGS PER SHARE $1.09.Q1 SALES $4.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.79 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.30 -- REFINITIV IBES DATA.REAFFIRMS FY 2019 EARNINGS PER SHARE VIEW $5.56 TO $5.71.SEES FY 2019 SALES UP 3 TO 4 PERCENT.COMPANY REAFFIRMS 2019 REVENUE AND EARNINGS OUTLOOK.QTRLY ADJUSTED EPS $1.28.FY2019 EARNINGS PER SHARE VIEW $5.95, REVENUE VIEW $19.45 BILLION -- REFINITIV IBES DATA.  Full Article

Genuine Parts Co Reports Q4 Adj EPS Of $1.35 Excluding Items
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Genuine Parts Co ::MPANY REPORTS 2018 SALES AND EARNINGS FOR THE FOURTH QUARTER AND FULL YEAR.Q4 EARNINGS PER SHARE $1.27.Q4 SALES $4.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.54 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.31 -- REFINITIV IBES DATA.Q4 ADJUSTED EARNINGS PER SHARE $1.35 EXCLUDING ITEMS.SEES FY 2019 SALES UP 3 TO 4 PERCENT.ESTABLISHING ITS FULL YEAR 2019 SALES GUIDANCE AT UP 3% TO 4%, OR UP AN ADJUSTED 4% TO 5%.2019 GUIDANCE FOR DILUTED EARNINGS PER SHARE IS $5.75 TO $5.90, OR AN ADJUSTED $5.81 TO $5.96 BEFORE IMPACT OF 1% CURRENCY HEADWIND.FY2019 EARNINGS PER SHARE VIEW $5.95, REVENUE VIEW $19.41 BILLION -- REFINITIV IBES DATA.  Full Article

Genuine Parts Co - Increased Cash Dividend Payable To An Annual Rate Of $3.05 Per Share
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY MARKS 63RD CONSECUTIVE YEAR OF INCREASED DIVIDENDS.GENUINE PARTS CO - INCREASED CASH DIVIDEND PAYABLE TO AN ANNUAL RATE OF $3.05 PER SHARE COMPARED WITH PREVIOUS DIVIDEND OF $2.88 PER SHARE.  Full Article

Genuine Parts Company Announces Industrial And Automotive Acquisitions
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY ANNOUNCES INDUSTRIAL AND AUTOMOTIVE ACQUISITIONS.GENUINE PARTS CO - EXPECTS HSC TO GENERATE ESTIMATED ANNUAL REVENUES OF $85 MILLION.GENUINE PARTS CO - MOTION INDUSTRIES ENTERED AGREEMENT TO ACQUIRE HYDRAULIC SUPPLY COMPANY.GENUINE PARTS CO - HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE HASTINGS AUTO PARTS, INC.GENUINE PARTS CO - HASTINGS IS EXPECTED TO GENERATE APPROXIMATE ANNUAL REVENUES OF $10 MILLION.  Full Article

Pzena Investment Management, Llc Reports 12.04 Percent Stake In Essendant Inc
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Essendant Inc ::PZENA INVESTMENT MANAGEMENT, LLC REPORTS A 12.04 PERCENT STAKE IN ESSENDANT INC AS OF SEPTEMBER 14, 2018 - SEC FILING.PZENA INVESTMENT MANAGEMENT BELIEVES STAPLES' PROPOSAL TO BUY ESSENDANT DOES NOT CONSTITUTE SUPERIOR OFFER TO PROPOSAL BY SP RICHARDS, SUBSIDIARY OF GENUINE PARTS.PZENA INVESTMENT MANAGEMENT-ENGAGED & EXPECTS TO CONTINUE TO ENGAGE IN DISCUSSIONS WITH ESSENDANT WITH RESPECT TO ESSENDANT'S PROPOSED DEAL BY STAPLES.PZENA INVESTMENT MANAGEMENT - PIM DOES NOT INTEND TO SUPPORT THE PROPOSED ACQUISITION BY STAPLES.  Full Article

Pzena Investment Management Opposes Staples’S Acquisition Of Essendant
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Pzena Investment Management Inc ::PZENA INVESTMENT MANAGEMENT OPPOSES STAPLES’S ACQUISITION OF ESSENDANT.PZENA INVESTMENT MANAGEMENT - BELIEVES STAPLES' PROPOSAL TO ACQUIRE ESSENDANT AT $12.80/SHARE DOES NOT CONSTITUTE SUPERIOR OFFER TO PROPOSED DEAL WITH SP RICHARDS.PZENA INVESTMENT MANAGEMENT SAYS DOES NOT INTEND TO SUPPORT STAPLES PROPOSAL 'AS IT CURRENTLY STANDS IF AND WHEN IT IS PRESENTED TO SHAREHOLDERS'.PZENA INVESTMENT MANAGEMENT SAYS STAPLES' OFFER OF $12.80/SHARE FOR ESSENDANT DOES NOT ADEQUATELY VALUE ESSENDANT INDEPENDENT OF SP RICHARDS DEAL.  Full Article

Genuine Parts Company Q4 Earnings Per Share $0.73
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Genuine Parts Co ::GENUINE PARTS COMPANY REPORTS 2017 SALES AND EARNINGS FOR THE FOURTH QUARTER AND FULL YEAR.Q4 EARNINGS PER SHARE $0.73.Q4 SALES ROSE 11.3 PERCENT TO $4.2 BILLION.SEES FY 2018 EARNINGS PER SHARE $5.60 TO $5.75 INCLUDING ITEMS.Q4 ADJUSTED EARNINGS PER SHARE $1.19 INCLUDING ITEMS.SEES FY 2018 SALES UP 12 TO 13 PERCENT.Q4 EARNINGS PER SHARE VIEW $1.07, REVENUE VIEW $4.05 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $5.83, REVENUE VIEW $18.37 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Genuine Parts announces industrial and automotive acquisitions
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Genuine Parts Co :Genuine Parts Company announces industrial and automotive acquisitions.Genuine Parts Co - ‍Deal adds approximately $125 million in annual revenue​.Genuine Parts Co - ‍Company expects Apache to generate estimated annual revenues of $100 million​.Genuine Parts Co - ‍Addition of Monroe will consolidate into U.S. Automotive operations, expected to generate approximate annual revenues of $25 million​.Genuine Parts Co - ‍In addition, co entered definitive agreement to acquire Monroe Motor products, with an effective close date of November 1, 2017​.  Full Article

Genuine Parts Company Q3 earnings per share $1.08
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Genuine Parts Co :Genuine Parts Company reports sales and earnings for the third quarter ended September 30, 2017.Q3 earnings per share $1.08.Q3 sales $4.1 billion versus I/B/E/S view $4.1 billion.Q3 earnings per share view $1.28 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $4.55 to $4.60.Sees FY 2017 earnings per share $4.47 to $4.52.Q3 adjusted earnings per share $1.16 excluding items.Sees FY 2017 sales up 4 to 4.5 percent.FY2017 earnings per share view $4.73, revenue view $15.99 billion -- Thomson Reuters I/B/E/S.Updates 2017 outlook​.Q3 profitability impacted by lower gross margin, higher operating expenses, co's margin expansion initiatives did not meet expectations​.  Full Article

EU mergers and takeovers (April 24)

BRUSSELS, April 24 The following are mergers under review by the European Commission and a brief guide to the EU merger process: