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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.
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Genuine Parts, un distribuidor global de piezas de repuesto para automóviles/industriales, registró un aumento de beneficios del 27 % en el cuarto trimestre, hasta 316,9 millones de dólares, principalmente debido a la expansión de la división de piezas industriales.