GENUINE PARTS CO (GPC)

Genuine Parts Company, incorporated in Georgia in 1928 and headquartered in Atlanta, is a global service provider of automotive and industrial replacement parts and value-added solutions, operating from more than 10,800 locations across North America, Europe, and Australasia in 17 countries with over 65,000 employees. In 2025, the company generated net sales of $24.3 billion, with approximately 74% from North America, 16% from Europe, and 10% from Australasia. On February 17, 2026, GPC announced its intention to separate into two independent, publicly traded companies—Global Automotive and Global Industrial—in a transaction intended to be tax-free and targeted for completion in the first quarter of 2027, subject to customary conditions.

Effective December 31, 2025, the company revised its segment structure into three reportable segments: North America Automotive Parts Group (approximately 39% of net sales), International Automotive Parts Group (approximately 24%), and Industrial Parts Group (approximately 37%). The North America Automotive segment operates through NAPA Auto Parts subsidiaries in the U.S. and UAP Inc. in Canada, serving customers through 6,864 locations (35% company-owned, 65% independently-owned), while the International Automotive segment operates through Alliance Automotive Group (AAG) in Europe and GPC Asia Pacific in Australasia under brands including NAPA and Repco, spanning 3,199 locations. Together, the Automotive segments serve over one million commercial customer locations, with sales split approximately 80% Do-It-For-Me (commercial) and 20% Do-It-Yourself (retail), across a total addressable market estimated at over $200 billion, offering more than one million parts including replacement components, accessories, tools, and diagnostic equipment for vehicles ranging from passenger cars to heavy-duty equipment.

The Industrial segment operates through Motion Industries (headquartered in Birmingham, Alabama) and Motion Asia Pacific, serving over 180,000 customers across approximately 900,000 locations and 755 distribution centers, branches, and service centers, providing access to more than 10 million replacement parts sourced from nearly 40,000 suppliers, addressing a total addressable market estimated at over $150 billion, with national accounts representing about 45% of annual sales. Key competitors include AutoZone, O'Reilly Auto Parts, Advance Auto Parts, and LKQ Corporation in automotive, and Applied Industrial Technologies, Fastenal, and W.W. Grainger in industrial distribution. The company emphasizes competitive advantages including strong brands (particularly NAPA), extensive distribution networks, advanced technology and data analytics, and value-added services such as inventory management, technical training, and specialized repair services, while also maintaining sustainability initiatives overseen by its Board's Nominating and ESG Committee and human capital management programs focused on employee engagement, development, and well-being.