Genuine Parts, a global distributor of auto/industrial replacement parts, saw Q4 profit rise 27% to $316.9M, mainly due to the expanding industrial parts division.

Genuine Parts, a distributor of automotive and industrial replacement parts, reported a higher profit of $316.9 million in the fourth quarter, compared to $252 million in the previous year. The company's growth was driven by its industrial parts segment, offsetting softness in its automotive parts business. Diluted earnings per share (EPS) were $2.26, a 27.7% increase. The company also returned $788 million to shareholders through cash dividends and share repurchases.

February 15, 2024
5 Articles

Further Reading