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-0.000610607117934344 -0.000697836706210732 0 -0.00322749476622474 -0.009966852756455 -0.00113398464759242 -0.000174459176552652 -0.000348918353105304
Stock impact report

Genuine Parts beats quarterly estimates boosted by cost cutting, new stores [Yahoo! Finance Canada]

Genuine Parts Company (GPC) 
Last genuine parts company earnings: 2/19 08:40 am Check Earnings Report
US:NYSE Investor Relations: genuineparts.investorroom.com
(Reuters) -Auto parts distributor Genuine Parts reported first-quarter profit above market expectations on Tuesday, as cost cutting and acquisition of more stores offset weaker demand in the U.S. and Europe. The company expects its 2024 and 2025 restructuring efforts, taken in response to weaker organic sales in the U.S. and Europe, to result in about $200 million of savings "when fully annualized by 2026." It has also been increasing the number of stores it owns as part of the National Automotive Parts Association (NAPA), a retailers' cooperative distributing auto parts throughout North America. Although U.S. President Donald Trump's stop-and-start tariffs have pushed the automotive industry into a whirlwind of uncertainty, CFO Bert Nappier said in a conference call with analysts that certain new tariffs during the first quarter was immaterial on the company. The company also reaffirmed its full-year outlook, although the forecast did not include potential impacts from tarif Show less Read more
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