Genuine Parts Co. announced that its board of directors declared a regular quarterly cash dividend of eighty-one and one-half cents ($0.815) per share on the company’s common stock.
The dividend is payable July 1, 2021 to shareholders of record June 4, 2021.
LKQ President and CEO Dominick Zarcone said wholesale businesses in North America and Europe produced high Q2 revenue.
LKQ Corporation reported its second quarter 2023 financial results, with revenue for Q2 2023 at $3.4 billion, an increase of 3.2% as compared to $3.3 billion in the second quarter of 2022.
“I am pleased to report strong operational performance for the quarter despite several headwinds, which is a testament to the strength and resilience of our diversified portfolio of businesses. Our largest segments, wholesale - North America and Europe, produced exceptional second quarter revenue growth and margins by focusing on operational excellence. These outstanding performances offset a steep year over year downturn in commodity prices impacting our self service segment and the decrease in demand for our specialty segment's offerings, headwinds that will impact these segments for the balance of 2023,” said Dominick Zarcone, president and CEO. “We also had excellent cash flow during the quarter. Taken as a whole, I am very pleased with the results and extremely proud of our global teams.”
After completing its spinoff from BorgWarner, Phinia has secured new OE business and reported a 11.4% YoY sales growth.
SMP continues to be bullish on long-term growth of its engineered solutions business, said President and CEO Eric Sills.
BorgWarner Inc. highlighted the ways it’s creating an electric future for its business through its “Charging Forward” plan.
The second quarter of 2023 marked the highest sales level for any quarter in company history, said CEO David Meniane.
The 2023 Aftermarket Technology Conference takes place on October 9-11, 2023 at the GPC headquarters in Atlanta.
GPC’s Alliance Automotive Group (AAG) has acquired Recambios y Accesorios Gaudí with 22 stores in Spain.
In Q2, Eaton’s sales were $5.9 billion, a quarterly record and up 13% from Q2 2022, driven by organic sales growth.
Lear reported an 18% increase in sales compared to Q2 2022, as well as developments in thermal comfort systems.
