Genuine Parts Company

What does Genuine Parts Company own?
Genuine Parts Company owns NAPA Auto Parts (automotive aftermarket distribution in North America), Repco (automotive aftermarket in Australasia), Motion Industries (industrial parts distribution), UAP Inc. (Canadian automotive parts), and TruckPro (heavy-duty truck parts). The company operates over 10,000 automotive locations globally and approximately 600 industrial service centers.

Is Genuine Parts publicly traded?
Yes, Genuine Parts Company is listed on the New York Stock Exchange under ticker GPC. The company has been publicly traded since 1968 and has paid dividends for over 65 consecutive years, qualifying it as a Dividend King. Major institutional shareholders include Vanguard Group, BlackRock, and State Street.

What is Genuine Parts' annual revenue?
For fiscal year 2025 (ended December 31, 2025), Genuine Parts reported sales of $24.3 billion, up 3.5% from $23.5 billion in FY2024. Net income was $66 million ($0.47 per diluted share), down significantly from $904 million ($6.47 per diluted share) in FY2024. Adjusted net income was $1.0 billion ($7.37 per diluted share).

Who is the CEO of Genuine Parts?
Will Stengel serves as Chair-Elect and Chief Executive Officer. Stengel led the announcement of the planned separation of GPC's automotive and industrial businesses into two independent public companies in February 2026.

Is Genuine Parts splitting up?
Yes. In February 2026, Genuine Parts announced a plan to separate its Automotive Parts Group ("Global Automotive") and Industrial Parts Group ("Global Industrial") into two independent publicly traded companies via a tax-free spinoff. Global Automotive generated over $15 billion in sales and $1.2 billion in EBITDA in 2025. Global Industrial generated approximately $9 billion in revenue. The separation is targeted for completion in Q1 2027.

What is NAPA Auto Parts?
NAPA Auto Parts is the primary automotive aftermarket brand operated by Genuine Parts Company's North America Automotive segment. With 6,864 locations across the U.S. and Canada, NAPA is one of the largest automotive aftermarket distribution networks in North America. The NAPA network includes a mix of approximately 35% company-owned and 65% independently-owned stores, plus over 20,000 NAPA Auto Care repair centers.

Does Genuine Parts pay a dividend?
Yes. Genuine Parts is known for its long track record of dividend increases, with over 65 consecutive years of annual dividend increases as of 2024, qualifying it as a Dividend King under the standard definition of 50-plus years of consecutive increases.

Genuine Parts Company was founded in 1928 by Carlyle Fraser in Atlanta, Georgia, as a wholesale distribution business for automotive replacement parts. The company pioneered the NAPA (National Automotive Parts Association) cooperative distribution model in 1925, which allows independently owned auto parts stores to operate under the NAPA brand with access to Genuine Parts' distribution infrastructure and inventory.

Key historical milestones:

• 1925: NAPA (National Automotive Parts Association) established as a voluntary group to promote the distribution of automotive parts
• 1928: Genuine Parts Company founded in Atlanta, Georgia by Carlyle Fraser
• 1968: Genuine Parts goes public on the New York Stock Exchange
• 2014: Alliance Automotive Group acquired in Europe, expanding international automotive presence
• 2019: Expanded automotive and industrial businesses in Europe and Australasia through acquisition program
• 2025: Realigned Automotive Parts Group into North America Automotive and International Automotive segments
• February 2026: Announced plan to separate Automotive and Industrial businesses into two independent public companies

Over nearly a century, Genuine Parts expanded from automotive parts into industrial components, building one of the largest automotive and industrial aftermarket distribution networks in the world.

Tariff and trade impact: GPC was particularly sensitive to tariff and trade changes in 2025, which contributed to a turbulent financial year. The company cited tariffs, low consumer confidence, and overseas economic challenges as headwinds that exceeded expectations.

FY2025 net income decline: Net income fell dramatically to $66 million in FY2025 from $904 million in FY2024, driven by weaker sales in Europe, lower sales to independent NAPA store owners, and various charges and restructuring costs.

Restructuring actions: The company closed underperforming locations, consolidated distribution centers, reduced headcount, and cut G&A costs in 2025, drawing attention to the competitive pressures facing the business.