GPC Reports Record Results for 2005
Completing its 78th year of operations, Genuine Parts Co. (GPC) has reported record sales and earnings for the year ending December 31, 2005. Tom Gallagher, chairman, president and chief executive officer, announced that sales in 2005 were $9.8 billion, up 8 percent compared to 2004. Net income for the year was $437.4 million, an increase of 11 percent compared to $395.6 million in 2004. Earnings per share on a diluted basis were $2.50, up 11 percent compared to $2.25 in 2004.
GPC Board Announces Officer Changes; Declares 8 Percent Increase in Quarterly Dividend
The Genuine Parts Co. (GPC) Board of Directors has approved the following corporate officer changes. Scott Smith was elected to the position of senior vice president – corporate counsel, Carol Yancey was elected to the position of senior vice president – finance and corporate secretary and Sidney Jones was elected to the position of vice president – investor relations. All three individuals have been with the company for 15 years. According to a press release submitted by GPC, these promotions will further strengthen the company’s corporate legal and financial teams. In other news, the GPC Board of Directors declared an increase of 8 percent in the regular quarterly cash dividend for 2006.
GPC Reports Third Quarter Earnings
Genuine Parts Co. reported record sales and earnings for the third quarter and nine months ending Sept. 30. Tom Gallagher, chairman, president and CEO, announced that sales totaling $2.6 billion were up 9 percent compared to the third quarter of 2004.
GPC Appoints CEO to Chairman Post; Larry Prince to Retire on March 31
The board of directors for Genuine Parts Co. (GPC) yesterday announced the election of President and CEO Thomas Gallagher to the additional position of chairman of the board. Current chairman Larry Prince said he plans to retire from day to day activities and management at GPC on March 31.
GPC Declares Regular Quarterly Dividend; Announces Officer Change
The board of directors of Genuine Parts Co. declared a regular quarterly cash dividend of 30 cents per share on the company’s common stock. The dividend will be payable Jan. 3, 2005 to shareholders of record Dec. 10.
Genuine Parts Company Announces CEO Leadership Transition
Paul Donahue (at left) will transition from chairman and CEO to executive chairman. William Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.
Bartec TPMS Announces Addition to Field Service Team
Joe Miller has been involved in the automotive industry his entire career, starting in the family automotive shop, and over the years working his way through all the shop positions.
MEMA Aftermarket Suppliers Recaps 2024 Vision Conference
More than 300 aftermarket executives heard industry leaders provide innovative insights and strategic outlooks into the future of the automotive aftermarket.
Genuine Parts Company Announces Officer Promotion
James Howe was appointed president, Motion, the company’s industrial business, effective April 1, 2024.
Mullen Automotive Expands Salesforce
The EV manufacturer has expanded its sales team in support of commercial vehicle sales initiatives.
