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    Genuine Parts Co (GPC)

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    Genuine Parts Company (GPC) is a global service organization specializing in the distribution of automotive and industrial replacement parts. The company operates through two main business segments: the Automotive Parts Group and the Industrial Parts Group, serving a wide range of markets across North America, Europe, and Australasia . GPC's offerings include automotive parts for repair technicians and industrial MRO products and solutions for various industries, focusing on value-added services . The company aims to achieve strategic financial objectives such as revenue growth, improved operating margins, and effective capital allocation .

    1. Automotive Parts Group - Distributes automotive replacement parts under the NAPA brand, primarily serving repair technicians in repair shops across the U.S., Canada, Mexico, Europe, and Australasia, with a strong market presence in Canada and Australasia .
    2. Industrial Parts Group - Provides maintenance, repair, and operation (MRO) products and solutions under the Motion Industries brand, catering to industries such as automotive, food and beverage, and oil and gas in North America and Australasia, with a focus on delivering value-added services .
    NamePositionStart DateShort Bio
    Paul D. DonahueExecutive ChairmanJune 3, 2024Paul D. Donahue has been serving as the Chairman and CEO of GPC since April 2019. He was President and CEO from May 2016 to April 2019 and has been a Director since April 2012. He joined GPC in 2003 .
    William P. StengelPresident and Chief Executive OfficerJune 3, 2024William P. Stengel, II was appointed as President and CEO effective June 3, 2024. He was President and COO starting January 1, 2023, and held leadership roles at HD Supply and strategic roles at The Home Depot .
    Bert NappierExecutive Vice President and Chief Financial OfficerMay 2, 2022Bert Nappier joined GPC as Executive Vice President and CFO on May 2, 2022. Previously, he was Executive Vice President, Finance and Treasurer at FedEx Corporation and held various roles at FedEx and Wright Medical Technology, Inc. .
    James R. NeillExecutive Vice President and Chief Human Resources OfficerFebruary 2020James R. Neill was appointed as Executive Vice President and Chief Human Resource Officer in February 2020. He joined Motion Industries, a GPC subsidiary, in 2006 and served in various HR roles .
    Randall P. BreauxGroup President, GPC North AmericaJuly 1, 2023Randall P. Breaux was appointed as Group President, GPC North America on July 1, 2023. He was President of Motion Industries from January 2019 and joined Motion in 2011 .
    Naveen KrishnaExecutive Vice President, Chief Information and Digital OfficerJune 21, 2021Naveen Krishna was appointed as Executive Vice President and Chief Information and Digital Officer on June 21, 2021. He previously held technology leadership roles at Macy's, The Home Depot, and Target Corporation .
    Chris GallaSenior Vice President, General Counsel, and Corporate SecretaryJanuary 1, 2023Chris Galla was appointed as Senior Vice President, General Counsel, and Corporate Secretary on January 1, 2023. He has been with GPC since 2005 in various legal roles .
    1. With adjusted earnings declining year-over-year and continued investments increasing expenses, how do you plan to balance short-term profitability with long-term strategic investments, especially if market conditions remain soft?
    2. You've increased capital expenditures from 1% to 2% of revenue, doubling investments in technology and supply chain enhancements; can you provide specific examples of how these investments will drive revenue growth or margin improvement, and what is the expected timeline for realizing these benefits?
    3. Given the cautious consumer leading to flat or negative growth in maintenance and discretionary categories, what specific strategies are you implementing to stimulate demand or gain market share in these segments?
    4. The integration of recent acquisitions like MPEC and Walker is expected to take 24 months and has contributed to increased SG&A expenses; what risks do you foresee in achieving the expected synergies, and how will you mitigate potential cost overruns or integration challenges?
    5. Inflation-driven increases in rent and wages have led to SG&A deleverage; how do you plan to manage these ongoing cost pressures while maintaining profitability, especially if inflation persists?
    Program DetailsProgram 1
    Approval DateAugust 21, 2017
    End Date/DurationUntil completion or termination by the Board
    Total additional amount15 million shares
    Remaining authorization amount7.8 million shares (as of 2024-09-30)
    DetailsNo specific end date; ongoing until all shares are repurchased or plan is terminated
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    2024810.982 Current Portion of Long-term Debt N/A17.6% = (810.982 / 4,617.932) * 100
    2026N/AUnsecured Revolving Credit Facility N/AN/A
    2029750 Unsecured Senior Notes 4.95 16.2% = (750 / 4,617.932) * 100

    Competitors mentioned in the company's latest 10K filing.

    • Applied Industrial Technologies, Inc.
    • Fastenal Company
    • W.W. Grainger, Inc.
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1948 PresentCurrent auditor