Annuncio • Apr 29
Genuine Parts Company Declares Regular Quarterly Cash Dividend, Payable on July 2, 2026 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.0625 per share on the company's common stock. The dividend is payable on July 2, 2026 to shareholders of record on June 5, 2026. Annuncio • Apr 22
Genuine Parts Company Reaffirms Earnings Guidance for the Year Ending December 31, 2026 Genuine Parts Company reaffirmed earnings guidance for the year ending December 31, 2026. For the period, the company reaffirmed total sales growth of 3% to 5.5%, Diluted earnings per share $6.10 to $6.60. Annuncio • Mar 31
Genuine Parts Company to Report Q1, 2026 Results on Apr 21, 2026 Genuine Parts Company announced that they will report Q1, 2026 results on Apr 21, 2026 Annuncio • Mar 20
Genuine Parts Company Announces Resignation of Naveen Krishna as Executive Vice President, Chief Information & Digital Officer On March 18, 2026, Naveen Krishna, the Executive Vice President, Chief Information & Digital Officer of Genuine Parts Company (the “Company”), notified the Company of his intent to resign from the Company to pursue other opportunities. Mr. Krishna will step down as an executive officer of the Company, effective April 1, 2026, but will remain an employee of the Company until May 5, 2026 to assist with an orderly transition of his responsibilities. The Company does not intend to appoint a successor at this time, and all responsibilities associated with Mr. Krishna’s role will be reallocated to other individuals within the Company. Mr. Krishna will not receive any severance benefits in connection with his voluntary departure from the Company. Annuncio • Mar 02
Genuine Parts Company, Annual General Meeting, Apr 27, 2026 Genuine Parts Company, Annual General Meeting, Apr 27, 2026. Annuncio • Jan 27
Genuine Parts Company to Report Q4, 2025 Results on Feb 17, 2026 Genuine Parts Company announced that they will report Q4, 2025 results on Feb 17, 2026 Annuncio • Jan 15
Genuine Parts Company Announces Board Changes Genuine Parts Company announced that Paul D. Donahue, Non-Executive Chairman, plans to retire from the Board of Directors at the company's 2026 annual meeting of shareholders. The company also announced that its Board of Directors has appointed Will Stengel, currently the company's President and Chief Executive Officer, to the additional role of Chairman of the Board of Directors. Upon Mr. Donahue's retirement, Mr. Stengel will assume the combined position of Chairman and Chief Executive Officer. Mr. Stengel has served as a member of the Board of Directors and as the company's President and Chief Executive Officer since June 2024. Mr. Stengel previously served as President of GPC from January 2021 to January 2023 and as Executive Vice President and Chief Transformation Officer from November 2019 to January 2021. The combined roles of Chairman and Chief Executive Officer promote unified leadership and direction for the company and leverage Mr. Stengel's extensive operational and strategic expertise. Annuncio • Nov 18
Genuine Parts Company Declares Regular Quarterly Cash Dividend, Payable on January 5, 2026 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.03 per share on the company's common stock. The dividend is payable on January 5, 2026 to shareholders of record on December 5, 2025. Annuncio • Oct 21
Genuine Parts Company Revises Financial Guidance for the Full Year Ending December 31, 2025 Genuine Parts Company revised financial guidance for the full year ending December 31, 2025. For the year ending December 31, 2025, the company expects total sales growth of 3% to 4% compared to previous guidance of 1% to 3%, automotive sales growth of 4% to 5% compared to previous guidance of 1.5% to 3.5%, and industrial sales growth of 2% to 3% compared to previous guidance of 1% to 3%. The company expected diluted earnings per share of $6.55 to $6.80 compared to previous guidance of $6.55 to $7.05. Annuncio • Sep 30
Genuine Parts Company to Report Q3, 2025 Results on Oct 21, 2025 Genuine Parts Company announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Annuncio • Sep 04
Genuine Parts Company Announces Board Changes, Effective September 4, 2025 Genuine Parts Company announced the following changes to its Board of Directors as part of its ongoing refreshment program: Appointments, effective September 4, 2025, of Courtney Carruthers, who previously served as President and CEO of TricorBraun, a B2B global packaging distributor, following various executive leadership roles at Grainger; and Matt Carey, who previously served as EVP, Customer Experience and Chief Information Officer at The Home Depot following technology leadership roles at eBay and Walmart, as independent directors to the Board. Robert ("Robin") Charles Loudermilk, Jr. and John R. Holder, who served on the Board since 2010 and 2011, respectively, will retire from the Board on September 4, 2025. GPC's board refreshment efforts over the past year have reduced the size of the board and strategically added financial, industry and operational expertise to replace six retiring directors. Court Carruthers is a seasoned global executive and board leader with over 30 years of experience driving growth, transformation and operational excellence in industrial distribution and service businesses. He is the Vice Chair and former President and CEO of TricorBraun, a privately-held global packaging distributor. Mr. Carruthers previously served as Group President at Grainger, where he led a $9 billionAmericas business spanning 15,000 team members across nine countries and oversaw the company's global eCommerce platform. Mr. Carruthers currently serves on the boards of Ryerson, a global distributor and processor of industrial metals, and ExperiGreen Lawn Care. He previously served as a board member at US Foods and Foundation Building Materials. Mr. Carruthers holds a Bachelor of Commerce from University of Alberta in Edmonton, Canada; an MBA from Queen's University in Kingston, Canada, a DBA from Pepperdine University in California; and is a Chartered Professional Accountant (Canada).Matt Carey served as the Executive Vice President of Customer Experience of The Home Depot Inc., a leading home improvement retailer, from 2022 until 2025, and previously served as Executive Vice President and Chief Information Officer of The Home Depot since 2008. Prior to The Home Depot, Mr. Carey served as the Senior Vice President and Chief Technology Officer at eBay Inc. He also held various positions with Wal-Mart Stores Inc., with his final role as Senior Vice President and Chief Technology Officer. Mr. Carey has significant cybersecurity expertise through his current and prior positions as the chief technology officer of large retail companies. He also brings a strong understanding of artificial intelligence and emerging technologies and their impact on the customer's experience. He currently serves as a board member at Chipotle and previously served as a director of Geeknet Inc. and TransUnion Corp.Mr. Carey received an Associate of Applied Science from Oklahoma State University-Okmulgee. Annuncio • Aug 13
Genuine Parts Company Declares Regular Quarterly Cash Dividend, Payable on October 2, 2025 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of one dollar and three cents ($1.03) per share on the company's common stock. The dividend is payable on October 2, 2025 to shareholders of record on September 5, 2025. Annuncio • Jul 22
Genuine Parts Company Revises Earnings Guidance for the Year Ending December 31, 2025 Genuine Parts Company provided earnings guidance for the year ending December 31, 2025. The company expects total sales growth of 1% to 3% against 2% to 4% previously guided and Diluted earnings per share $6.55 to $7.05 against $6.95 to $7.45 previously guided. Annuncio • Jul 02
Genuine Parts Company to Report Q2, 2025 Results on Jul 22, 2025 Genuine Parts Company announced that they will report Q2, 2025 results on Jul 22, 2025 Annuncio • Jun 10
Genuine Parts Company Announces Executive Changes Genuine Parts Company announced Randy Breaux's decision to retire as Group President, GPC North America at the end of 2025. Alain Masse is promoted from President, UAP Inc., GPC's Canadian automotive business, to the newly created role of President, North America Automotive, effective August 2025. Mr. Breaux will serve in an advisory role until his retirement to assist in an orderly and seamless transition. Mr. Masse joined GPC in 2011 as Executive Vice President, Heavy Vehicle Parts Division at UAP Inc. and was promoted two years later to Executive Vice President, NAPA. In 2015, he was named President of UAP. With over 14 years of progressive experience at GPC, Mr. Masse is a highly motivated leader with a deep understanding of the automotive aftermarket industry and NAPA business model. In the new role, Mr. Masse will oversee the automotive businesses across North America. He will report to Will Stengel, President and Chief Executive Officer. Annuncio • Apr 23
Genuine Parts Company Reaffirms Earnings Guidance for the Full Year 2025 Genuine Parts Company reaffirmed earnings guidance for the full year 2025. For the year, the company expects total sales growth of 2% to 4% and diluted earnings per share of $6.95 to $7.45. Annuncio • Apr 01
Genuine Parts Company to Report Q1, 2025 Results on Apr 22, 2025 Genuine Parts Company announced that they will report Q1, 2025 results on Apr 22, 2025 Annuncio • Feb 19
Genuine Parts Company announces Quarterly dividend, payable on April 02, 2025 Genuine Parts Company announced Quarterly dividend of USD 1.0300 per share payable on April 02, 2025, ex-date on March 07, 2025 and record date on March 07, 2025. Annuncio • Feb 17
Genuine Parts Company, Annual General Meeting, Apr 28, 2025 Genuine Parts Company, Annual General Meeting, Apr 28, 2025. Annuncio • Jan 28
Genuine Parts Company to Report Fiscal Year 2024 Results on Feb 18, 2025 Genuine Parts Company announced that they will report fiscal year 2024 results on Feb 18, 2025 Declared Dividend • Nov 25
Third quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 6th December 2024 Payment date: 2nd January 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Nov 20
Genuine Parts Company Declares Regular Quarterly Dividend, Payable on January 2, 2025 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.00 per share on the company's common stock. The dividend is payable on January 2, 2025 to shareholders of record on December 6, 2024. Annuncio • Nov 08
Private Equity Reportedly Kicking the Tyres of Questas Private equity firms are understood to be the players most interested in buying the $400 million industrial business Questas Group Pty Ltd, with the sale process likely to be wrapped up by Christmas. DataRoom reported last month that the business was on offer by owner Allegro Funds (Allegro Funds Pty Ltd) through investment bank UBS, with expectations it might sell for about $400 million. Some industry experts believed that one of the most likely trade buyers to take a look would be Genuine Parts Company (NYSE:GPC) (GPC), which operates in similar areas to Questas. Another is the company Applied Industrial Technologies, Inc. (NYSE:AIT). But the understanding is that mid-sized private equity firms will dominate the competition. Recent Insider Transactions • Nov 06
Group President of GPC North America recently bought Mex$1.7m worth of stock On the 1st of November, Randall Breaux bought around 750 shares on-market at roughly Mex$2,281 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$14m more in shares than they bought in the last 12 months. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$1.63 (vs US$2.50 in 3Q 2023) Third quarter 2024 results: EPS: US$1.63 (down from US$2.50 in 3Q 2023). Revenue: US$5.97b (up 2.5% from 3Q 2023). Net income: US$226.6m (down 36% from 3Q 2023). Profit margin: 3.8% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Retail Distributors industry. Annuncio • Oct 22
Genuine Parts Company Revises Earnings Guidance for the Year Ending December 31, 2024 Genuine Parts Company revised earnings guidance for the Year Ending December 31, 2024. For the period, the company now expects Total sales growth of 1% to 2% as compared to 1% to 3% expected previously and Diluted earnings per share of $6.60 to $6.80 as compared to $8.55 to $8.75 expected previously. Annuncio • Oct 01
Genuine Parts Company to Report Q3, 2024 Results on Oct 22, 2024 Genuine Parts Company announced that they will report Q3, 2024 results on Oct 22, 2024 Declared Dividend • Aug 26
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 6th September 2024 Payment date: 1st October 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Aug 21
Genuine Parts Company Declares Regular Quarterly Dividend, Payable on October 1, 2024 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of $1.00 per share on the company's common stock. The dividend is payable on October 1, 2024 to shareholders of record on September 6, 2024. Annuncio • Aug 19
Genuine Parts Company Appoints Jenn Hulett as Executive Vice President and Chief People Officer Genuine Parts Company announced that Jenn Hulett joined GPC as Executive Vice President and Chief People Officer, effective August 19, 2024. Jim Neill, who previously announced his retirement from GPC, will continue to serve in an advisory role through September 30, 2024 to support Ms. Hulett during the transition. In her new role, Ms. Hulett will be responsible for GPC's global human resources operations and will play a key role in advancing the company's talent and culture initiatives. She will report to Will Stengel, President and Chief Executive Officer. Ms. Hulett joins GPC with a wealth of experience, most recently serving as Executive Vice President and Chief People Officer for Dollar Tree. In this role, she oversaw all aspects of HR, as well as internal and external communications and community engagement. Her impressive career also includes executive leadership roles at Core-Mark, Ericsson and General Electric, highlighting her ability to execute talent initiatives within large, global organizations. Annuncio • Jul 23
Genuine Parts Company Updates Earnings Guidance for the Full Year Ending December 31, 2024 Genuine Parts Company updated earnings guidance for the full year ending December 31, 2024. For the year, the company expects total sales growth of 1% to 3% compared to previous guidance of 3% to 5% and Diluted earnings per share of $8.55 to $8.75 as compared to previous guidance of $9.05 to $9.20. Annuncio • Jul 04
Genuine Parts Company to Report Q2, 2024 Results on Jul 23, 2024 Genuine Parts Company announced that they will report Q2, 2024 results on Jul 23, 2024 Annuncio • May 01
Genuine Parts Company (NYSE:GPC) acquired Motor Parts & Equipment Corporation. Genuine Parts Company (NYSE:GPC) acquired Motor Parts & Equipment Corporation on April 30, 2024.Genuine Parts Company (NYSE:GPC) completed the acquisition of Motor Parts & Equipment Corporation on April 30, 2024. Annuncio • Apr 19
Genuine Parts Company Updates Earnings Guidance for the Full Year Ending December 31, 2024 Genuine Parts Company updated earnings guidance for the full year ending December 31, 2024. For the year, the company expected total sales growth of 3% to 5% and Diluted earnings per share of $9.05 to $9.20 as compared to previous guidance of $8.95 to $9.15. Annuncio • Mar 29
Genuine Parts Company to Report Q1, 2024 Results on Apr 18, 2024 Genuine Parts Company announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 18, 2024 Annuncio • Mar 21
Genuine Parts Company Appoints James F. Howe to the Position of President, Motion, the Company's Industrial Business, Effective April 1, 2024 Genuine Parts Company announced that its board of directors has appointed James F. Howe to the position of President, Motion, the company's industrial business, effective April 1, 2024. With nearly three decades of dedicated service to the company, Mr. Howe brings a wealth of experience and expertise to his new role. Most recently, Mr. Howe served as the Executive Vice President and Chief Commercial and Technology Officer, where he played a pivotal role in shaping the corporate trajectory of Motion. His leadership in overseeing eCommerce, strategic pricing, sales excellence, corporate accounts and human resources has been instrumental in driving the company's success. Annuncio • Mar 02
Genuine Parts Company, Annual General Meeting, Apr 29, 2024 Genuine Parts Company, Annual General Meeting, Apr 29, 2024, at 10:00 US Eastern Standard Time. Agenda: To consider election of directors; to consider advisory vote on executive compensation; to consider approval of amendment of 2015 incentive plan; to consider ratification of selection on of Ernst & Young LLP as the Company's independent auditor for the fiscal year ending December 31, 2024; and to consider other business matters. Annuncio • Jan 26
Genuine Parts Company to Report Q4, 2023 Results on Feb 15, 2024 Genuine Parts Company announced that they will report Q4, 2023 results on Feb 15, 2024 Annuncio • Nov 15
Genuine Parts Company Declares Regular Quarterly Dividend, Payable on January 2, 2024 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of ninety-five cents ($0.95) per share on the company's common stock. The dividend is payable January 2, 2024 to shareholders of record on December 1, 2023. Annuncio • Oct 20
Genuine Parts Company Revises Earnings Guidance for the Year Ending December 31, 2023 Genuine Parts Company revised earnings guidance for the year ending December 31, 2023. For the year, the company expected total sales growth of 4% to 6% similar to the previous guidance. Diluted earnings per share of $9.20 to $9.30 against $9.15 to $9.30. Annuncio • Sep 29
Genuine Parts Company to Report Q3, 2023 Results on Oct 19, 2023 Genuine Parts Company announced that they will report Q3, 2023 results on Oct 19, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of US$0.95 per share at 2.4% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Mexican dividend payers (6.3%). In line with average of industry peers (2.3%). Annuncio • Aug 17
Genuine Parts Company Declares Regular Quarterly Dividend, Payable on October 2, 2023 Genuine Parts Company announced its Board of Directors declared a regular quarterly cash dividend of ninety-five cents ($0.95) per share on the company's common stock. The dividend is payable October 2, 2023 to shareholders of record on September 8, 2023. Annuncio • Jul 22
Genuine Parts Company Revises Earnings Guidance for the Year Ending December 31, 2023 Genuine Parts Company revised earnings guidance for the year ending December 31, 2023. For the year, the company revises diluted EPS of $9.15 to $9.30 compared to $8.95 to $9.10 previous guidance. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$2.45 (vs US$2.63 in 2Q 2022) Second quarter 2023 results: EPS: US$2.45 (down from US$2.63 in 2Q 2022). Revenue: US$5.92b (up 5.6% from 2Q 2022). Net income: US$344.5m (down 7.5% from 2Q 2022). Profit margin: 5.8% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Global Retail Distributors industry. Annuncio • Jun 30
Genuine Parts Company to Report Q2, 2023 Results on Jul 20, 2023 Genuine Parts Company announced that they will report Q2, 2023 results on Jul 20, 2023 Annuncio • Jun 25
Genuine Parts Company(NYSE:GPC) dropped from Russell 1000 Growth Index Genuine Parts Company(NYSE:GPC) dropped from Russell 1000 Growth Index Recent Insider Transactions • Jun 06
Independent Director recently bought Mex$5.3m worth of stock On the 2nd of June, Robert Loudermilk bought around 2k shares on-market at roughly Mex$2,653 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$11m more in shares than they have sold in the last 12 months. Annuncio • Jun 02
Genuine Parts Company Appoints Darren Rebelez as Independent Director Genuine Parts Company announced that its Board of Directors appointed Darren Rebelez as a new independent director of the company. Mr. Rebelez is the President and Chief Executive Officer of Casey's General Stores Inc., where he is responsible for the company's overall strategic plan and operating success. Previously, he served in executive roles at IHOP Restaurants, 7-Eleven Inc., ExxonMobil and Thornton Oil Corporation. Mr. Rebelez was an Army Ranger and Gulf War veteran and is a graduate of the U.S. Military Academy at West Point where he earned a Bachelor of Science degree in Foreign Area Studies. He went on to also earn an MBA from the University of Houston. Upcoming Dividend • May 25
Upcoming dividend of US$0.95 per share at 2.4% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Mexican dividend payers (6.8%). In line with average of industry peers (2.3%). Annuncio • May 24
Genuine Parts Company Announces Executive Changes Genuine Parts Company announced that Kevin Herron, President, U.S. Automotive Group (USAG) will retire at the end of 2023 after a distinguished 34-year career with the company. The company also announced Randy Breaux's promotion from President, Motion to the newly created role of Group President, GPC North America, effective July 1, 2023. Mr. Herron will serve in an advisory role until his retirement to assist in an orderly and seamless transition. Mr. Breaux joined Motion in 2011 as Senior Vice President of Marketing, Distribution, Purchasing and Strategic Planning. He was promoted to Executive Vice President in January 2018 and then President in January 2019. Over the past five years, Mr. Breaux has led the impressive transformation of Motion, including the strategic acquisition of Kaman Distribution Group (KDG). He established a strategic vision, developed a high-performing team and culture, and delivered consistent and exceptional performance each year. In the new role, Mr. Breaux will oversee both the automotive and industrial businesses across North America, while assuming day-to-day responsibility as President of USAG. He will continue to report to Will Stengel, President and Chief Operating Officer. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$2.16 (vs US$1.73 in 1Q 2022) First quarter 2023 results: EPS: US$2.16 (up from US$1.73 in 1Q 2022). Revenue: US$5.77b (up 8.9% from 1Q 2022). Net income: US$304.0m (up 24% from 1Q 2022). Profit margin: 5.3% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Global Retail Distributors industry. Recent Insider Transactions • Apr 01
Chairman & CEO recently bought Mex$4.6m worth of stock On the 24th of March, Paul Donahue bought around 2k shares on-market at roughly Mex$2,890 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$8.36 (vs US$6.27 in FY 2021) Full year 2022 results: EPS: US$8.36 (up from US$6.27 in FY 2021). Revenue: US$22.1b (up 17% from FY 2021). Net income: US$1.18b (up 32% from FY 2021). Profit margin: 5.4% (up from 4.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Global Retail Distributors industry. Annuncio • Jan 24
Genuine Parts Company to Report Q4, 2022 Results on Feb 23, 2023 Genuine Parts Company announced that they will report Q4, 2022 results on Feb 23, 2023 Upcoming Dividend • Nov 24
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Mexican dividend payers (6.7%). In line with average of industry peers (2.1%). Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$2.21 (vs US$1.60 in 3Q 2021) Third quarter 2022 results: EPS: US$2.21 (up from US$1.60 in 3Q 2021). Revenue: US$5.68b (up 18% from 3Q 2021). Net income: US$312.4m (up 37% from 3Q 2021). Profit margin: 5.5% (up from 4.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Global Retail Distributors industry. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Mexican dividend payers (6.2%). In line with average of industry peers (2.2%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$2.63 (vs US$1.36 in 2Q 2021) Second quarter 2022 results: EPS: US$2.63 (up from US$1.36 in 2Q 2021). Revenue: US$5.60b (up 17% from 2Q 2021). Net income: US$372.5m (up 90% from 2Q 2021). Profit margin: 6.6% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.1%, compared to a 8.0% growth forecast for the industry in Mexico.