{"schema_version":"secwatch.filing_event.v1","accession":"0000040987-24-000020","form_type":"8-K","ticker":"GPC","cik":"0000040987","company_name":"GENUINE PARTS CO","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.612700+00:00","generated_at":"2026-06-06T01:38:39.579215+00:00","sec_items":["2.02","9.01","8.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Genuine Parts Q4 diluted EPS $2.26 (+27.7% YoY); 5% dividend increase; announces global restructuring","bullets":["Q4 sales $5.6B (+1.1%); full-year sales $23.1B (+4.5%); full-year adj. diluted EPS $9.33 (+11.9%).","Board raises quarterly dividend 5% to $1.00/share ($4.00 annual); 68th consecutive yearly increase.","Global restructuring incurring $100M-$200M in 2024; expects $20M-$40M savings in 2024.","2024 guidance: sales growth 3%-5%; adj. diluted EPS $9.70-$9.90; free cash flow $800M-$1B.","Industrial segment profit margin improved 190bps to 12.9%; Automotive margin fell 110bps to 7.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0000040987-24-000020","json":"https://secwatch.observer/filing/0000040987-24-000020.json","markdown":"https://secwatch.observer/filing/0000040987-24-000020.md","text":"https://secwatch.observer/filing/0000040987-24-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/0000040987-24-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/gpc-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:38:39.579215+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"682892433f3c2dcf8e6a44f5b498e6ed90794fda","claim":"GENUINE PARTS CO reported the full year ended December 31, 2023 results: revenue $23.1 billion, net income $1.3 billion, EPS $9.33. Guidance initiated.","evidence_excerpt":"Quarter 2023 Highlights • Sales of $5.6 billion, Up 1.1% • Diluted EPS of $2.26, Up 27.7%, or Up 10.2% from Adjusted Diluted EPS in 2022 Full-Year 2023 Highlights • Sales of $23.1 billion, Up 4.5% • Diluted EPS of $9.33, Up 12.3%, or Up 11.9% from Adjusted Diluted EPS in 2022 • Cash from Operations of $1.4 billion; Free Cash Flow of $923 million • Returned $788","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/0000040987-24-000020-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Revenue","value":"$23.1 billion"},{"label":"Net income","value":"$1.3 billion"},{"label":"EPS","value":"$9.33"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b6b08678942fc66657c2659d627a02e8af175d15","claim":"GENUINE PARTS CO reported the fourth quarter ended December 31, 2023 results: revenue $5.6 billion, net income $317 million, EPS $2.26.","evidence_excerpt":"Company Reports Fourth Quarter and Full-Year 2023 Results Declares Dividend Increase for 68th Consecutive Year Provides 2024 Outlook Fourth Quarter 2023 Highlights • Sales of $5.6 billion, Up 1.1% • Diluted EPS of $2.26, Up 27.7%, or Up 10.2% from Adjusted Diluted EPS in 2022 Full-Year 2023 Highlights • Sales of $23.1 billion, Up 4.5% • Diluted EPS of $9.33, Up","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/0000040987-24-000020-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$5.6 billion"},{"label":"Net income","value":"$317 million"},{"label":"EPS","value":"$2.26"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}