Genuine Parts Co (NYSE: GPC)

Genuine Parts Company (GPC), a well-known global service organization, specializes in the distribution of automotive and industrial replacement parts. Incorporated in 1928 in the State of Georgia, GPC operates under the ticker symbol GPC and serves its customers from over 10,700 locations in key regions such as North America, Europe, and Australasia.

GPC's main business activities involve the distribution of automotive and industrial replacement parts, which includes an extensive range of products such as brakes, batteries, filters, engine components, tools, accessories, and fluids. These products cater to a diverse group of customers, including installers, fleet operators, automobile dealers, service stations, and individuals who carry out their own maintenance and parts installation.

The company's revenue is generated primarily through its two business segments: Automotive and Industrial. The Automotive segment, which accounts for approximately 62% of GPC's net sales, is the largest global automotive network of parts and care. This segment distributes automotive parts, accessories, and solutions in North America, Europe, and Australasia, offering a comprehensive range of products. Among the various brands that GPC distributes are Bosch, Continental, and Goodyear.

On the other hand, the Industrial segment, accounting for approximately 38% of GPC's net sales, operates in both North America and Australasia through its wholly-owned subsidiaries Motion Industries, Inc. and Motion Asia Pacific. This segment provides replacement parts and solutions to maintenance, repair, and operation (MRO) customers and original equipment manufacturer (OEM) customers. Additionally, it offers a wide range of services and repairs in various areas, including gearbox and fluid power assembly and repair, process pump assembly and repair, hydraulic drive shaft repair, electrical panel assembly and repair, hose and gasket manufacture and assembly.

GPC maintains a competitive edge in the industry due to its global presence and brand strength, industry-leading positions in two distinct markets, extensive supply chain and distribution capabilities, and enhanced technology solutions. The company competes with several players in the industry, such as AutoZone, Inc., O'Reilly Auto Parts, Inc., Advance Auto Parts, Inc., LKQ Corporation, and Bapcor.

In terms of sustainability, GPC is committed to reducing its environmental footprint through the implementation of sustainable initiatives throughout its value chain. This commitment extends to giving back and uplifting the communities in which it operates through partnerships and volunteer efforts.