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Stock Market & Financial Investment News

News Breaks
February 19, 2013
13:40 EDTGPCGenuine Parts saw a meaningful deceleration in industrial business
After being up 12% in Q1, the industrial operations segment of Genuine Parts, GPC, up was 8% in Q2, 4.5% in Q3, and 2% in Q4. These trends are consistent with what GPC has seen across the industry. Of particular interest is the fact that the Q4 slowdown became more pronounced in the final weeks of December. These comments are from the company's Q4 earnings conference call.
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July 21, 2014
11:34 EDTGPCGenuine Parts raises FY14 EPS view to $4.54-$4.60 from $4.49-$4.59
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08:58 EDTGPCGenuine Parts CEO says company optimistic about growth prospects
Thomas C. Gallagher, chairman and CEO stated, "Looking ahead, we enter the second half of 2014 poised to demonstrate ongoing progress in driving improved results. We remain optimistic about our prospects for growth in each of our four businesses."
08:56 EDTGPCGenuine Parts reports Q2 comparative earnings up 9%
Thomas C. Gallagher, chairman and CEO stated, "We are pleased to report record sales as well as a solid 9% comparative earnings increase. Our 6% total sales increase includes 5% underlying sales growth and a 2.5% contribution from acquisitions offset by a currency headwind of approximately 1%. Our progress in the quarter was also supported by sales growth in all four of our business segments, with sales for the Automotive Group up 5% including 7% underlying growth offset by a 2% currency headwind. Sales at Motion Industries, our Industrial Group, were up 7% including 4% underlying growth and 3% from acquisitions. Sales at EIS, our Electrical/Electronic Group, increased by 32% due to acquisitions. Sales for S. P. Richards, our Office Products Group, were up 4% and includes 2% underlying growth along with 2% from acquisitions."
08:54 EDTGPCGenuine Parts reports Q2 EPS $1.28, consensus $1.26
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