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Genuine Parts Company

Atlanta, Georgia, United States · Manufacturing, Science And Engineering, Software

Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands and Belgium. The Company's Industrial Parts Group distributes

Key facts

Headquarters
Atlanta, Georgia, United States
Employees
65,000
Industries
Manufacturing, Science And Engineering, Software
Status
Public (GPC)
Website
genpt.com

Recent activity at Genuine Parts Company

  • : SEC 8-K (8.01): On November 9, 2026, the Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of $1.0625 per share on the Company’s common stock. This dividend is significant as it reflects the company's ongoing commitment to return value to shareholders. The dividend is set to be payable on January 5, 2027, to shareholders who are on record by December 4, 2026. The declaration of this dividend aligns with the company's strategy to support its investment in long-term growth while rewarding current investors.
  • : Court Carruthers to Become Chief Executive Officer of Genuine Parts Company
  • : SEC 8-K (5.02): On September 9, 2026, Genuine Parts Company announced the appointment of Court Carruthers as Chief Executive Officer-Elect, effective September 8, 2026. Mr. Carruthers, a current board member, will assume the CEO role upon the company's planned separation of its Global Automotive and Global Industrial businesses into two independent entities. In connection with this appointment, Mr. Carruthers will receive an annual base salary of $1,000,000 and a 2026 long-term equity incentive grant valued at $6,000,000, along with substantial sign-on bonuses. The separation is expected to enhance corporate focus and shareholder value.
  • : SEC 8-K (8.01): On August 11, 2026, the Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of $1.0625 per share on the Company’s common stock. This dividend is set to be payable on October 2, 2026, to shareholders of record as of September 4, 2026. This announcement indicates the company’s commitment to return capital to its shareholders, reflecting confidence in its ongoing financial performance and cash flow stability. A press release detailing this declaration has been provided as Exhibit 99.1.
  • : SEC 8-K (1.01): On April 28, 2026, Genuine Parts Company entered into a seventh amendment to its existing Syndicated Facility Agreement. The amendment facilitates the establishment of an Initial Term Loan A Facility of $500 million and a Delayed Draw Term Loan Facility of another $500 million. The interest rates for these facilities are tied to SOFR margins between 0.875% and 1.500%, or based rate margins from 0.000% to 0.500%, influenced by the Company's credit rating. The facilities are set to mature on October 28, 2027, significantly enhancing the Company's financial flexibility during this period.
  • : SEC 8-K (5.02): On March 18, 2026, Naveen Krishna, the Executive Vice President, Chief Information & Digital Officer of Genuine Parts Company, informed the Company of his decision to resign to pursue other opportunities. His resignation will be effective April 1, 2026, although he will remain with the Company until May 5, 2026, to ensure a smooth transition of his responsibilities, which will not have a direct successor appointed. Notably, Mr. Krishna will not receive any severance benefits as part of his departure. This change is significant as it may impact the IT and digital strategy of the Company given Mr. Krishna's senior position and the redistribution of his duties among existing staff.
  • : SEC 8-K (8.01): On February 17, 2026, the Board of Directors of Genuine Parts Company declared a 3.2% increase to its regular quarterly cash dividend, resulting in a new dividend of $1.0625 per share, payable on April 2, 2026, to shareholders of record on March 6, 2026. Additionally, the Company announced its intent to separate into two independent, publicly traded entities: one focusing on the Automotive Parts Group and the other on the Industrial Parts Group, which could significantly impact its business strategy and market presence. These announcements are detailed in press releases filed as Exhibits 99.1 and 99.2.
  • : SEC 8-K (5.02): On January 15, 2026, Genuine Parts Company announced the retirement of Paul D. Donahue, the Non-Executive Chairman of the Board, effective at the end of his term during the 2026 annual meeting of shareholders. In connection with this transition, Will Stengel, currently the Company's President and CEO, has been appointed as the new Chairman of the Board, which will take effect upon Mr. Donahue's retirement. This change is part of the Company’s ongoing efforts in leadership succession to maintain effective governance and strategic direction.
  • : SEC 8-K (8.01): On November 17, 2025, Genuine Parts Company announced a regular quarterly cash dividend of $1.03 per share on its common stock. This dividend is set to be payable on January 5, 2026, to shareholders who are on record as of December 5, 2025. The declaration of this dividend reflects the company's continued commitment to returning value to its shareholders, and is reported in the associated press release included as Exhibit 99.1. The announcement is dated the same day as the filing, affirming its timely disclosure to the market.
  • : SEC 8-K (8.01): On November 17, 2025, Genuine Parts Company declared a regular quarterly cash dividend of $1.03 per share on its common stock. This decision was made by the Board of Directors and is part of the company's ongoing financial strategy to return value to shareholders. The dividend is set to be paid on January 5, 2026, to shareholders who are on record as of December 5, 2025. This move reflects the company’s commitment to maintaining steady returns amidst significant operational activities.

Leadership

  • Bert Nappier, Executive Vice President
  • Court Carruthers, Chief Executive Officer
  • Dwight Lambert, Director of Human Resources
  • James F. Howe, President

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Employee benefit plans

Genuine Parts Company files 11 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

Genuine Parts Company in the news

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About Genuine Parts Company: questions and answers

What does Genuine Parts Company do?

Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company's Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands and Belgium. The Company's Industrial Parts Group distributes

Where is Genuine Parts Company headquartered?

Genuine Parts Company is headquartered in Atlanta, Georgia, United States.

How many employees does Genuine Parts Company have?

Genuine Parts Company has about 65,000 employees.

Who leads Genuine Parts Company?

Bert Nappier is an Executive Vice President at Genuine Parts Company.

What is the latest news on Genuine Parts Company?

On Nov 09, 2026, SEC 8-K (8.01): On November 9, 2026, the Board of Directors of Genuine Parts Company declared a regular quarterly cash dividend of $1.0625 per share on the Company’s common stock. This dividend is significant as it reflects the company's ongoing commitment to return value to shareholders. The divide

Is Genuine Parts Company a public company?

Yes. Genuine Parts Company is publicly traded under the ticker GPC.

Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy

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