Genuine Parts (GPC) Tops Q4 EPS by 1c; Guides FY EPS Below Views

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Genuine Parts Company Reports 2016 Sales And Earnings For The Fourth Quarter And Full Year

February 21, 2017 8:34 AM EST

ATLANTA, Feb. 21, 2017 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today sales and earnings for the fourth quarter and twelve months ended December 31, 2016.

Sales for the fourth quarter ended December 31, 2016 were $3.78 billion, a 3% increase compared to $3.68 billion for the same period in 2015.  Net income for the fourth quarter was $152.5 million compared to $161.3 million recorded for the same period in the previous year.  Earnings per share on a diluted basis were $1.02 compared to $1.07 for the fourth quarter last year. 

Fourth... More

Genuine Parts Company Marks 61st Consecutive Year Of Increased Dividends

February 21, 2017 7:00 AM EST

ATLANTA, Feb. 21, 2017 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 3% increase in the regular quarterly cash dividend for 2017.  The Board of Directors of the Company, at its February 20, 2017 Board meeting, increased the cash dividend payable to an annual rate of $2.70 per share compared with the previous dividend of $2.63 per share.  The quarterly cash dividend of sixty-seven and one-half cents ($0.675) per share is payable... More