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News Breaks
April 22, 2014
09:03 EDTGPCGenuine Parts reports Q1 EPS $1.02, consensus $1.02
Reports Q1 revenue $3.62B, consensus $3.61B. CEO Thomas Gallagher said, "We are encouraged by our results in the first quarter and pleased to report a solid start to 2014. Our total sales increase included a 10% contribution from acquisitions and 4% underlying sales growth offset by a 1% headwind from currency. Automotive sales remained the strongest among our segments, up 23% and driven by a 17% contribution from the GPC Asia Pacific acquisition and underline growth of approximately 7%."
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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