| Business Summary | | Genuine
Parts
Company
is
a
service
organization
engaged
in
the
distribution
of
automotive
replacement
parts,
industrial
replacement
parts,
office
products
and
electrical/electronic
materials.
In
2000,
business
was
conducted
throughout
most
of
the
United
States,
in
Canada
and
in
Mexico
from
approximately
1,800
locations.
The
Automotive
Parts
Group
distributes
automotive
replacement
parts
and
accessory
items.
The
Industrial
Parts
Group
distributes
industrial
replacement
parts
and
related
supplies
throughout
the
United
States,
Canada
and
Mexico.
The
Office
Products
Group
is
operated
through
S.
P.
Richards
Company,
a
wholly
owned
subsidiary
of
the
Company.
S.
P.
Richards
is
engaged
in
the
wholesale
distribution
of
a
broad
line
of
office
and
other
products
that
are
used
in
the
daily
operation
of
businesses,
schools,
offices
and
institutions.
The
Electrical/Electronic
Materials
Group
distributes
materials
for
the
manufacture
and
repair
of
electrical
and
electronic
apparatus. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Genuine
Parts
Company
is
a
service
organization
engaged
in
the
distribution
of
automotive
replacement
parts,
industrial
replacement
parts,
office
products
and
electrical/electronic
materials.
For
the
six
months
ended
6/30/01,
net
sales
fell
1%
to
$4.17
billion.
Net
income
fell
2%
to
$184
million.
Revenues
reflect
decreased
sales
for
the
Electrical/Electronic
Material
segment.
Earnings
also
suffered
from
increased
selling
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Larry Prince, 62 Chairman
of Directors and CEO | $1.5M | Thomas Gallagher, 53 Pres,
COO | 1.0M | Jerry Nix, 55 CFO,
Exec. VP-Fin., Chief Accounting Officer | 402K | George Kalafut, 66 Exec.
VP | 566K | Edward Van Stedum, 51 Sr.
VP of HR | 365K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|