2024-04-18 11:01:47 ET
Revenue growth has been positive for Genuine Parts Company over the past three years, driven by the Automotive segment's performance in European and Australasia businesses. Despite a decline in the Industrial segment due to reduced maintenance spending, strategic pricing initiatives led to a gross margin increase. Operating expenses rose due to restructuring costs of $83,042. While net income margin decreased to 4.3%, adjusted net income improved by 2.3%. Management focuses on strategic pricing ... Full story available on KlickAnalytics.com