Genuine Parts Company Keeps On Truckin' With Solid Q3 Results
- Genuine Parts Company cranked out record revenue for the third quarter on the back of underlying sales growth and acquisitions.
- The company produced earnings per share growth on the order of 10%, and is expected to grow earnings per share at a high single-digit rate going forward.
- With an outstanding dividend growth track record, investors should continue to be rewarded over time. However, the stock is just a bit pricey right now relative to its historical valuation.