Genuine Parts Company (GPC) released Q2 2019 results on July 18, 2019. Guidance for FY2019 has been lowered and corrective action is being taken to improve results. With the ~$7 pullback in GPC's share price following the release of results on July 18th, I now view GPC as fairly valued despite lower earnings expectations. [...]
Genuine Parts Company (GPC) has increased its dividend for 63 consecutive years. This article looks at valuation based on FY2018 results and FY2019 guidance. Summary GPC has just released Q4 and FY2018 results, provided FY2019 guidance, and has increased its dividend for the 63rd consecutive year. GPC failed in its efforts to extricate itself from [...]
This company is currently fairly valued and I view it as an attractive investment for disciplined investors with a long-term investment horizon. It is a member of the exclusive Dividend Kings group of companies. These are companies which have a 50+ year of uninterrupted dividend increases. Summary Strong Q2 results recently reported and projected earnings [...]
This is an introduction to my Genuine Parts stock analysis in which I provide my opinion on what I intend to do once I receive shares of the combined Essendant and S.P. Richards entities later in 2018. Summary On April 12, 2018, Genuine Parts (GPC) and Essendant (ESND) announced that the companies had entered into [...]
Summary On April 12, 2018, Genuine Parts (GPC) and Essendant (ESND) announced that the companies had entered into a definitive agreement to combine ESND and GPC’s S.P. Richards (SPR) business. On April 19, 2018, GPC reported Q1 results which reflected double digit sales growth but income before taxes experienced some challenges. Management has maintained its [...]
Summary GPC reported strong FY2017 results on February 20, 2018 but the stock price pulled back ~5.2% as the stock was overvalued. The EIS and Motion businesses have been combined into one $6B industrial group as of the beginning of 2018. The rationale for combining these two segments is to provide economies of scale and [...]
Summary GPC released Q3 results below expectations on October 19 which has resulted in a ~8.5% drop in stock price. Two additional bolt-on acquisitions were announced October 19 with closings to occur November 1. No definitive closing date has been revealed regarding the acquisition of Europe's Alliance Automotive Group. GPC, established 1928, has previously successfully [...]
Summary This Genuine Parts Company stock analysis is based on its Q2 2017 results which were reported July 20, 2017. Total sales were up 5% to a record setting $4.1B, net income was $0.19B, and EPS increased 1% to $1.29 versus Q2 2016. YTD FY2017, businesses with approximately $0.18B in annual revenues have been acquired. [...]
