Genuine Parts Company Elects New Director and Declares Quarterly Dividend

Genuine Parts Company (NYSE: GPC) announced that shareholders have elected Laurie Schupmann to its Board of Directors. Schupmann, who retired in 2023 after nearly 40 years at PwC, brings significant financial and accounting expertise to the board. Concurrently, four board members—Gary Fayard, Johnny Johns, Betsy Camp, and Wendy Needham—have retired upon reaching the company’s mandatory retirement age.

The company also declared a regular quarterly dividend of $1.03 per share, payable on July 2, 2025, to shareholders of record as of June 6, 2025.

Genuine Parts Company signed a fifth amendment to its syndicated revolving credit facility agreement. The amendment increases the facility's borrowing capacity from $1.5 billion to $2.0 billion and extends the maturity date from October 30, 2026 to March 20, 2030. The agreement includes JPMorgan Chase Bank as the administrative agent and swing line lender, with participation from other lenders.

Genuine Parts Company (GPC) reported its fourth-quarter and full-year 2024 financial results, highlighting steady performance and continued shareholder returns.

For the fourth quarter, the company generated $5.8 billion in sales, with diluted earnings per share (EPS) of $0.96 and adjusted diluted EPS of $1.61.

Full-year 2024 results showed total sales of $23.5 billion, with diluted EPS at $6.47 and adjusted diluted EPS at $8.16. Cash from operations reached $1.3 billion, with free cash flow of $684 million. GPC returned $705 million to shareholders through cash dividends and share repurchases.

Looking ahead to 2025, the company expects revenue growth between 2% and 4%, with adjusted diluted EPS projected between $7.75 and $8.25. Additionally, GPC announced a 3% dividend increase, marking the 69th consecutive year of dividend growth.

Northcoast downgrades GPC from buy to hold