Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The company serves customers from over 10,700 locations, primarily in North America, Europe, and Australasia. They offer a wide assortment of replacement parts, supply chain and distribution capabilities, and technology solutions. The company operates through two business segments: Automotive Parts Group and Industrial Parts Group. Their competitive advantages include a global presence, industry-leading positions in two distinct markets, extensive supply chain and distribution capabilities, and enhanced technology solutions.

• Employees: 60,000+ (as of December 31, 2023)
• Geographic Footprint: 17 countries
• Headquarters: Atlanta, GA
• Founded: 1928
• Number of locations/facilities: 10,700+
• Revenue: $23.09 billion (FY2023)
• Key Subsidiaries/Brands: NAPA, Motion Industries, Alliance Automotive Group, Repco

• CEO: Paul D. Donahue
• CFO: Bert Nappier
• President and COO: William P. Stengel
• Group President, GPC North America: Randall P. Breaux
• Executive Vice President and Chief Human Resource Officer: James R. Neill
• Executive Vice President, and Chief Information and Digital Officer: Naveen Krishna
• Senior Vice President, General Counsel, and Corporate Secretary: Chris Galla

Key leaders have extensive experience in their respective fields.

• Annual Revenue: $23.09 billion (FY2023)
• Net Income: $1.32 billion (FY2023)
• Total Assets: $17.97 billion (as of December 31, 2023)
• Employees: 60,000+ (as of December 31, 2023)
• Key Financial Highlights: Sales increased by 4.5%, earnings grew by 11.3%, and gross margin improved by 90 basis points year-over-year.

The company distributes automotive and industrial replacement parts, accessories and solutions.

• Automotive Parts: Includes parts, accessories, and solutions for both commercial (DIFM) and retail (DIY) customers, covering a wide range of vehicle models.
• Industrial Parts: Includes replacement parts and solutions for maintenance, repair, and operation (MRO) customers and original equipment manufacturers (OEMs) across various industries.

The company operates through two main segments:

• Automotive Parts Group: Represents approximately 62% of total GPC net sales. Distributes automotive parts, accessories, and solutions in North America, Europe, and Australasia.
• Industrial Parts Group: Represents approximately 38% of total GPC net sales. Offers replacement parts and solutions to MRO and OEM customers in North America and Australasia.

The company's strategy is designed to position it for long-term profitable growth and enhance shareholder value. Key strategic objectives include:

• Revenue growth in excess of market growth.
• Continuously improving operating margins.
• Maintaining a strong balance sheet and cash flows.
• Effective capital allocation.

The company is focused on strategic acquisitions, technology investments, and supply chain efficiencies to drive growth and competitive differentiation.

The company operates in the highly competitive automotive and industrial parts distribution industries.

• Market Position: The company holds leading positions in both automotive and industrial parts distribution.
• Key Competitors: Competitors include AutoZone, O'Reilly Auto Parts, Advance Auto Parts, LKQ Corporation, Bapcor, Applied Industrial Technologies, Fastenal Company, and W.W. Grainger, among others.
• Industry Trends: Key market trends include increasing vehicle complexity, growth in electric vehicles, supply chain disruptions, and the need for industrial expertise due to an aging technical workforce.

• Market Risks: Slowing demand for products, changes in vehicle miles driven, and the impact of electric vehicles on parts demand.
• Operational Risks: Supply chain disruptions, dependence on suppliers, and potential for supplier consolidation.
• Competitive Risks: Intense competition in the automotive and industrial parts markets, including online retailers and direct sales by manufacturers.
• Cybersecurity Risks: Potential for security breaches, system failures, and data loss.
• Geopolitical Risks: Impact of geopolitical conflicts on global operations and supply chains.