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home / news releases / GPC - Let The Numbers Speak for Themselves: Analysis of Genuine Parts Co. (GPC) Financial Report

GPC - Let The Numbers Speak for Themselves: Analysis of Genuine Parts Co. (GPC) Financial Report

Genuine Parts Company

2024-02-22 17:02:44 ET

Revenue growth has been robust due to industrial and international automotive business growth, along with improved gross margins from pricing and sourcing programs. Operating expenses saw streamlining efforts, particularly in cybersecurity and litigation costs. Net income margin improved to 5.6% in 2023, showcasing strategic initiatives' success. Management focused on pricing and sourcing initiatives, leading to a 90 basis point gross margin improvement. Key metrics like comparable sales and gro ... Full story available on KlickAnalytics.com
Stock Information
Company Name: Genuine Parts Company
Stock Symbol: GPC
Market: NYSE
Website: genpt.com
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