Genuine Parts Co (STU:GPT)

€ 110.05 0 (0%) Market Cap: 15.49 Bil Enterprise Value: 20.21 Bil PE Ratio: 15.00 PB Ratio: 3.45 GF Score: 80/100

Genuine Parts Co at Gabelli Funds Automotive Symposium Transcript

Oct 31, 2023 / 04:00PM GMT

Transcript

Carolina Jolly

So next up -- is this working? Next up, we have -- or we are lucky enough to have one of the largest aftermarket and industrial distributors globally. 140 million shares at $130, $18 billion market cap. Net debt of $2.7 billion from an enterprise value of $21 billion. Speaking with us today is CEO, Paul Donahue; COO, Will Stengel; and CFO, Bert Nappier.

Gentlemen, thank you for being here. And Paul, if you just have some introductory comments, that will be great. Thank you.

Paul D. Donahue

Genuine Parts Company - Chairman & CEO

Yes, good morning, everyone. Thanks, Carolina. Thank you, Mario, for having us for the 47th consecutive year. GPC is thrilled to be here. And thank you, Brian, as well. Maybe just a couple of quick comments, Carolina, then we'll get right into Q&A.

We announced our third quarter results earlier this month and had another strong quarter, margin expansion, double-digit earnings growth, which was our 13th consecutive quarter of double-digit earnings growth. So, pleased with that.

Maybe just a

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