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February 18, 2014
07:32 EDTGPCGenuine Parts increases dividend 7% to 57.5c
Genuine Parts announced a 7% increase in the regular quarterly cash dividend for 2014. The Board of Directors of the Company, at its February 17 Board meeting, increased the cash dividend payable to an annual rate of $2.30 per share compared with the previous dividend of $2.15 per share. The quarterly cash dividend of 57.5c per share is payable April 1 to shareholders of record March 7. GPC has paid a cash dividend every year since going public in 1948, and 2014 marks the 58th consecutive year of increased dividends paid to shareholders.
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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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