GPC 📈 Genuine Parts - Overview

Genuine Parts Company is a leading distributor of automotive and industrial replacement parts, operating through two primary segments: the Automotive Parts Group and the Industrial Parts Group. The company's automotive segment distributes a wide range of parts for various vehicles, including hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, and recreational vehicles, as well as farm equipment, marine equipment, and heavy-duty equipment. This diverse portfolio allows Genuine Parts to cater to a broad customer base, including repair shops, service stations, fleet operators, automobile and truck dealers, and individual vehicle owners.

The Industrial Parts Group segment focuses on distributing industrial replacement parts and related supplies to a variety of industries, such as aggregate and cement, automotive, chemical and allied products, equipment and machinery, and oil and gas. The company's industrial product offerings include abrasives, adhesives, bearings, chemicals, cutting tools, and electrical components, among others. This extensive range of products enables Genuine Parts to support the maintenance, repair, and operation (MRO) needs of its industrial customers, helping them to maintain efficiency and productivity in their operations.

In addition to its distribution services, Genuine Parts Company provides a range of value-added services and repairs, including gearbox and fluid power repair, hydraulic drive shaft repair, and electrical panel assembly and repair. The company's ability to offer these specialized services helps to differentiate it from competitors and provides customers with a one-stop solution for their parts and repair needs. With operations in numerous countries, including the United States, Canada, France, the United Kingdom, and Australia, Genuine Parts has established a significant global presence, allowing it to serve a diverse customer base across various regions.

As a company with a long history, dating back to its incorporation in 1928, Genuine Parts has developed a strong reputation for reliability and quality in the distribution of automotive and industrial parts. Headquartered in Atlanta, Georgia, the company continues to evolve and expand its operations, driven by its commitment to delivering exceptional customer service and supporting the growth and success of its customers. With its common stock listed on the New York Stock Exchange (NYSE) under the ticker symbol GPC, Genuine Parts Company is a publicly traded entity, providing investors with opportunities to participate in its growth and success.