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Stock impact report

Genuine Parts (GPC) Expects Split to Close in 9-12 Months [Yahoo! Finance]

Genuine Parts Company (GPC) 
Last genuine parts company earnings: 2/19 08:40 am Check Earnings Report
US:NYSE Investor Relations: genuineparts.investorroom.com
Company Research Source: Yahoo! Finance
for 5 years . On March 11, Genuine Parts Co. (NYSE:GPC) CEO Will Stengel said that the company expects the ongoing split of its automotive and motion businesses into two independent entities to be completed within 9 to 12 months. Speaking at the UBS Global Consumer and Retail Conference, Stengel also said that the costs associated with the separation will be manageable, possibly below observers' initial expectations of between $400 million and $500 million. During the interview, the executive shared that the decision to split Genuine Parts Co. (NYSE:GPC) into two was the culmination of a three-year plan that saw the company conduct a fairly robust strategic analysis in early 2025, followed by a broad-based assessment inclusive of financial analytics and investor and capital needs throughout the rest of last year. Stengel also discussed in more detail the outlook for Genuine Parts Co. (NYSE:GPC) this year. According to Stengel, the company will focus on executing strategic initiati Show less Read more
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