OBITUARY: Former GPC Vice Chairman Earl Dolive
In 1937, Dolive left GPC to serve in the U. S. Army during World War II. During his career with GPC, Dolive worked his way up from a job in the stockroom to head of purchasing in the company’s Charlotte, N.C., operation. After the war, he worked in Birmingham, Charlotte and Minneapolis before returning to the Atlanta home office as vice president of finance. Dolive served on the board of Genuine Parts and was elected vice chairman in 1974.
More Management Changes At GPC
Three corporate officer changes announced.
Former GPC Exec Larry Samuelson Establishes New Executive Coaching Firm
Through individualized coaching, the firm helps clients define business goals, clarify strategy, assemble the best teams to accomplish goals, and drive business results.
GPC Reports Record Sales And Earnings For The Third Quarter
Net income for the quarter was $172.9 million, an increase of 14 percent from $151.8 million recorded in the same period of the previous year.
GPC Announces Proposed Acquisition of NAPA Distributor
Company enters into agreement with Quaker City Motor Parts Co.
GPC Reports Fourth Quarter and Full Year Results for 2011
Tom Gallagher, chairman and CEO, announced today that sales in 2011 were $12.5 billion, up 11 percent compared to 2010.
GPC’s Larry Samuelson to Retire May 1
Samuelson spent 34 years with GPC.
GPC Reports Record Sales and Earnings for the Second Quarter, Six Months
Genuine Parts Co. reported record sales and earnings for the second quarter and six months ended June 30. Thomas Gallagher, chairman, president and chief executive officer, announced today that sales totaling $2.87 billion were up 4 percent compared to the second quarter of 2007. Net income for the quarter was $133.1 million, an increase of 2 percent over $130.1 million recorded in the same period of the previous year. Earnings per share on a diluted basis were 81 cents, up 7 percent compared to 76 cents for the second quarter last year.
GPC First Quarter 2008 Sales Increased 3 Percent
Genuine Parts Company (GPC) has reported sales and earnings for the first quarter ended March 31, 2008. Sales totaling $2.74 billion were up 3 percent compared to the first quarter of 2007. Net income for the quarter was $123.5 million, an increase of 2 percent over $121.6 million recorded in the same period of the previous year. Earnings per share on a diluted basis were 75 cents, up 6 percent compared to 71 cents for the first quarter last year. Thomas Gallagher, chairman, president and chief executive officer, commented that GPC’s Automotive Group experienced its highest percentage of growth in two years.
GPC 2007 Sales Increased 4 Percent, EPS Increased 8 Percent
Genuine Parts Co. (GPC), which just completed its 80th year of operations, reported record sales and earnings for the year ended Dec. 31, 2007. Tom Gallagher, chairman, president and chief executive officer, announced that sales in 2007 were $10.84 billion, up 4 percent compared to 2006. Net income for the year was $506.3 million, an increase of 7 percent compared to $475.4 million in 2006. Earnings per share on a diluted basis were $2.98, up 8 percent compared to $2.76 in 2006.