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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.
News For GPC From The Last 14 Days
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October 20, 2014
11:32 EDTGPCGenuine Parts narrows FY14 EPS view to $4.56-$4.60 from $4.54-$4.60
Consensus is $4.60. Now sees FY14 total company revenue growth 8%, up from previous 7%-8% view, consensus is $15.18B. Now sees FY14 automotive revenue growth closer to 8% from 7%-8% view. Sees Q4 margins approaching 30% range, says has gradual expectation of margin expansion in 2015. Says focused on operating margin expansion. Sees interest expense $24M-$25M for FY. Sees FY tax rate in the 36% range. Says "comfortable" with cash position at September 30. Sees FY cash from operations $900M. Sees FY free cash flow $425M-$450M. Says first priority for cash is dividend; says will also use cash to repay debt, acquisitions, repurchases. Says will look to maintain dividend payout ratio ahead. Sees CapEx picking up further over balance of year. Says targeting bolt-on acquisitions in the $25M-$125M revenue range. Says expects to remain active in share buybacks. Comments made on the Q3 earnings conference call.
08:55 EDTGPCGenuine Parts reports Q3 EPS $1.24, consensus $1.24
Reports Q3 revenue $3.99B, consensus $3.93B.
October 17, 2014
14:19 EDTGPCGenuine Parts technical comments ahead of results
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