Financial
Genuine Parts Co. Prices Aggregate $1B of Senior Notes
GPC intends to use the net proceeds from this offering to finance a significant portion of its recent acquisition of Kaman Distribution Group.
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GPC intends to use the net proceeds from this offering to finance a significant portion of its recent acquisition of Kaman Distribution Group.
The company has reported its eighth consecutive quarter of year-over-year sales growth.
Company reports net sales of $3.7 billion for its first quarter.
The combined company will be one of the country's largest tire and automotive service businesses and will operate more than 160 service centers in growing markets.
The company received $225,000 in support from a Michigan Business Development Program performance-based grant.
Net sales for the quarter were up 13.5 percent; 29.8 percent for six months; and 25.1 percent from the pre-COVID-19 six months.
Delivers strong same-store sales growth and adds 53 net new stores.
Company reiterates plan to pursue separation; provides fiscal 2022 outlook.
The company has reported third quarter sales of $141.8 million, up 21%.
The purchase price of the Minda Stoneridge Instruments Ltd. (MSIL) equity shares is $21.5 million equivalent Indian Rupee.
