Genuine Parts Co (NYSE:GPC)

$ 126.73 -0.14 (-0.11%) Market Cap: 17.62 Bil Enterprise Value: 22.55 Bil PE Ratio: 16.31 PB Ratio: 3.75 GF Score: 80/100

Genuine Parts Co at Jefferies Industrials Conference Transcript

Aug 06, 2019 / 02:55PM GMT

Release Date Price: $91.72 (+1.82%)

Transcript 10-Q/A10-Q/A10-K/A

Operator

Hi, good morning, and I'm Bret Jordan at Jefferies Research. And I wanted to welcome Carol Yancey, Genuine Parts' CFO; and Randy Breaux, President of Motion Industries. And a lot of Genuine Parts' conversations revolve around the auto parts space. But today, we are here to talk about the Industrial Distribution business. So in our Q&A session, we're clearly industrial-focused. But I want to give Carol just a chance to talk a little bit about the GPC overview and then Randy, the opportunity to introduce himself, and we'll do this sort of a fireside chat format, so some general questions from me and then Q&A from the audience, if that should work.

Carol B. Yancey

Genuine Parts Company - Executive VP, CFO & CAO

Thanks, Bret, and thank you for everybody being here, and it's great to be here at an industrial conference. So we are a global distributor that operates out of 3 segments primarily global automotive and global industrial. So we're looking at over $19 billion in sales for 2019, with an operating margin of 7% to 8%. We've got a very consistent

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