SARASOTA, Fla. and MIAMI, Oct. 24, 2024 (GLOBE NEWSWIRE) -- NAYA Biosciences (“NAYA”) (NASDAQ: NAYA), a life science portfolio company dedicated to bringing breakthrough treatments to patients in oncology, autoimmune diseases, and fertility, today announced an update regarding its clinic trial plans. The Company received regulatory approval from the Israeli Ministry of Health in July 2024 and subsequent institutional review board clearance to initiate patient enrollment in up to 7 academic centers for its c ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of GPC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice ...

Genuine Parts (NYSE: GPC ) just released its Q3 results, and given a lower outlook and a minus 19% in stock price performance in a single trading session, we are back to comment on our long-term position. This negative outcome isBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, an ...

For the quarter ended September 2024, Genuine Parts (GPC) reported revenue of $5.97 billion, up 2.5% over the same period last year. EPS came in at $1.88, compared to $2.49 in the year-ago quarter.The reported revenue represents a surprise of -0.14% over the Zacks Consensus Estimate of $5.98 billion. With the consensus EPS estimate being $2.44, the EPS surprise was -22.95%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-5690 __________________________________________ GENUINE PARTS COMPANY (Exact name of registrant as specified in its charter) (State or o ...

Shares of the auto parts chain fell on a disappointing earnings report.Shares of Genuine Parts (GPC -19.43%) were falling today after the Napa Auto Parts parent posted disappointing results in its third-quarter earnings report.While the company beat top-line estimates, it fell woefully short on the bottom line. As of 1 p.m. ET, the stock was down 19% on the news. Genuine Parts hits the brakesIn the quarter reported Tuesday, overall revenue rose 2.5% to $5.97 billion, though it would have declined slightly w ...

Genuine Parts Company (GPC) reported third-quarter 2024 adjusted earnings of $1.88 per share, which missed the Zacks Consensus Estimate of $2.44. The bottom line declined from year-ago earnings of $2.49 per share. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.The company reported net sales of $5.97 billion, which marginally missed the Zacks Consensus Estimate of $5.98 billion but inched up 2.5% year over year. This increase was due to a 3.2% boost from acquisitions and a 0.1% impa ...

Financial Data and Key Metrics Changes - Total sales for Genuine Parts Company in Q3 2024 were approximately $6 billion, an increase of 2.5% year-over-year, driven by an extra selling day in the U.S. and acquisitions [12][30] - Adjusted diluted earnings per share in Q3 was $1.88, down from $2.49 in the previous year, reflecting various market pressures [13][35] - Gross margin improved to 36.8%, an increase of 60 basis points from last year, primarily due to acquisitions [32] Business Segment Data and Key Metrics Changes - Global Industrial segment sales were $2.2 billion, a decrease of approximately 1% year-over-year, with comparable sales down 2% [16] - Global Automotive segment sales were $3.8 billion, an increase of approximately 5%, with comparable store sales up slightly [19] - Industrial segment profit was $259 million, down approximately 8% year-over-year, while Global Automotive segment profit was $262 million, down approximately 19% [18][19] Market Data and Key Metrics Changes - In Europe, automotive sales growth was approximately 6% in local currency, but overall market growth remained muted, down low-single-digits [20] - Asia Pacific automotive sales increased approximately 7% in local currency, with comparable sales growth of 4% [22] - U.S. automotive sales increased 4% during the quarter, driven by acquisitions and an extra selling day [23] Company Strategy and Development Direction - The company is focused on evolving its business through investments in technology, supply chain, and sales effectiveness to create new competitive advantages [6][10] - Strategic acquisitions are a key element of growth, with over 450 NAPA stores acquired year-to-date, aiming for a balanced mix of company-owned and independently owned stores [28][47] - The company is committed to maintaining a disciplined capital allocation strategy while investing in long-term growth opportunities [7][46] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the current market conditions are challenging, with expectations of continued softness in demand for the remainder of 2024 [40][44] - The company remains optimistic about long-term fundamentals and believes that current market softness is temporary [28][50] - Management highlighted the importance of ongoing investments in technology and supply chain to enhance customer experience and position for future growth [66] Other Important Information - The company incurred $45 million in pretax costs related to restructuring efforts during the quarter, with expectations of benefits from these initiatives in 2024 [31][34] - The impact of hurricanes and a CrowdStrike outage negatively affected sales and operations, contributing to an estimated $0.06 reduction in earnings for the quarter [37][43] Q&A Session Summary Question: Can you provide more detail on the inventory increase and investments in freight? - Management indicated that the inventory increase is part of a strategy to enhance availability and depth, with acquired inventory also contributing to the balance sheet [51][52] Question: Was U.S. auto a primary source of profit disappointment? - Management clarified that margin pressure was consistent across all markets, with no specific region isolated as a primary source of disappointment [55][56] Question: What drove the increase in SG&A dollars? - The increase in SG&A was largely attributed to acquired businesses, with expectations that these costs will abate over time as integration progresses [61][62] Question: What motivates the decision to make incremental investments? - Management emphasized the importance of investing in the business to stay competitive and adapt to changing market conditions and technology landscapes [66][67]

Genuine Parts (GPC) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $2.44 per share. This compares to earnings of $2.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.95%. A quarter ago, it was expected that this auto and industrial parts distributor would post earnings of $2.59 per share when it actually produced earnings of $2.44, delivering a surprise of -5.79%.Over the last ...

Q3'24 Earnings Presentation October 22, 2024 GPC Snapshot (as of 9/30/2024) Founded 1928 Headquarters Atlanta, GA Countries Served 17 Locations ~10,820 • Distribution Centers ~195 • Warehouses ~755 • Retail (Owned/Independent) ~9,870 Employees ~60,000 Market Capitalization ~$19.4B Revenue1 $23.3B • Automotive 62% • Industrial 38% Segment Profit Margin2 9.4% Free Cash Flow2 ~$901M Dividend Yield3 2.9% TTM Financial Highlights 75% North America 16% Europe 9% Australasia Global Footprint Key Statistics TTM Rev ...