This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Genuine Parts Management Discusses Q2 2012 Results - Earnings Call Transcript

Genuine Parts (GPC)

Q2 2012 Earnings Call

July 19, 2012 11:00 am ET

Executives

Carol B. Yancey - Senior Vice President of Finance and Corporate Secretary

Thomas C. Gallagher - Chairman, Chief Executive Officer and Chairman of Executive Committee

Paul D. Donahue - President and President of The U S Automotive Parts Group

Jerry W. Nix - Vice Chairman, Chief Financial Officer, Principal Accounting Officer, Executive Vice President of Finance, Director and Member of Executive Committee

Analysts

Christopher Horvers - JP Morgan Chase & Co, Research Division

Mario Joseph Gabelli - GAMCO Investors, Inc.

Elizabeth Lane - BofA Merrill Lynch, Research Division

Matthew J. Fassler - Goldman Sachs Group Inc., Research Division

Michael Montani - ISI Group Inc., Research Division

Brian Sponheimer - Gabelli & Company, Inc.

Gregory S. Melich - ISI Group Inc., Research Division

Scot Ciccarelli - RBC Capital Markets, LLC, Research Division

Bret David Jordan - BB&T Capital Markets, Research Division

Brent D. Rakers - Wunderlich Securities Inc., Research Division

Richard J. Hilgert - Morningstar Inc., Research Division

Judy Merrick

Presentation

Operator

Good morning. My name is Amy, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter 2012 Earnings Call. [Operator Instructions]

Ms. Carol Yancey, Senior Vice President of Finance, you may begin your conference.

Carol B. Yancey

Thank you. Good morning, and thank you for joining us today for the Genuine Parts Company Second Quarter Earnings Conference Call, where we will discuss our results and the outlook for the remainder of 2012.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.87 +0.92 0.05%
NASDAQ 4,465.1050 +22.4070 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs