The Week in Review (Oct. 27-31, 2008)
The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.
Genuine Parts Company Reports Increased Sales and Earnings for Third Quarter and Nine Months
GPC’s Sales totaling $2.9 billion were up 3 percent, compared to the third quarter of 2007.
The Week in Review (Sept. 2-5, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
Drago Supply Acquired by Genuine Parts Co.
Genuine Parts Co.’s Industrial Parts Group, Motion Industries, has acquired Drago Supply Co., a regional industrial supplies distributor headquartered in Port Arthur, Texas. Drago Supply was founded in 1931 and has eight locations in Texas, Arkansas and Louisiana. The company expects the purchase to generate annual revenues of approximately $75 million. This is the second acquisition GPC has made in recent weeks.
The Week in Review (Feb. 18-22, 2008
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
The Week in Review (Aug. 20-24, 2007)
The Week in Review offers a snapshot of the most read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of the page to begin
Genuine Parts Co. Declares Regular Quarterly Dividend and Announces Officer Changes
Genuine Parts Co. (GPC) has declared a regular quarterly cash dividend of thirty-six and one half cents ($.365) per share on the company’s common stock. The dividend is payable Oct. 1 to shareholders of record Sept. 7. GPC also announced two new corporate officers. The board of directors elected Paul Donahue to the position of executive vice president and Charles Chesnutt to the position of senior vice president, technology and process improvement.
MEMA’s Bob McKenna Appointed to U.S. Chamber of Commerce’s Prestigious Committee of 100
Bob McKenna, president and CEO of the Motor & Equipment Manufacturers Association (MEMA), has been appointed to the U.S. Chamber of Commerce’s prestigious Association Committee of 100. He is one of eight association executives joining the Committee.
Genuine Parts Company Reports Four Percent Sales Increase
Genuine Parts Company (GPC) reported record sales and earnings for the first quarter ended March 31. Sales totaling $2.65 billion were up 4 percent compared to the first quarter of 2006. Net income for the quarter was $121.6 million, an increase of 7 percent over $113.9 million recorded in the same period of the previous year. Earnings per share on a diluted basis were 71 cents, up 8 percent compared to 66 cents for the first quarter last year.
The Week in Review (April 16-20, 2007)
By Amy Antenora Editor The Week in Review offers a snapshot of the most read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of