Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 58,000 employees.
In 1928, Carlyle Fraser founded GPC with the purchase of Motor Parts Depot in Atlanta, Georgia for $40,000. He then renamed the parts store Genuine Parts Company. The original GPC store had annual sales of $75,000 and had only six employees. In relationship with NAPA, GPC grew its automotive business to become the largest automotive aftermarket network across the globe.
From the beginning, GPC has focused on providing its customers with quality products and swift, reliable service. The company has grown organically and through acquisitions, including the addition of Motion Industries, a leading industrial distributor, in 1976. Today, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts with approximately 58,000 employees and over 10,000 operations in 17 countries across North America, Europe and Australasia.
Reaffirms Full-Year 2023 Financial Outlook Provides Three-Year Outlook for Double-Digit EPS CAGR 2025 EBITDA Margin Target of 10% and Diluted Earnings Per Share of $11.00-$11.50 ATLANTA, March 23,...
Genuine Parts Company (NYSE: GPC) announced today that it has selected Google Cloud as the innovation partner to support its business transformation and further improve the customer experience....
Fourth Quarter 2022 Highlights Sales of $5.5 billion, Up 15.0% Diluted EPS of $1.77 Adjusted Diluted EPS of $2.05, Up 14.5% Full Year 2022 Highlights Record sales of $22.1 billion, Up 17.1%...
Genuine Parts Company (NYSE: GPC) announced today a 6% increase in its regular quarterly cash dividend for 2023. At its February 21, 2023 meeting, GPC's Board of Directors increased the cash...
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