Genuine Parts Company also reported 2021 fourth-quarter sales of $4.8 billion, a 13% increase over the same period in 2020.
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Genuine Parts Company announced an increase in the regular quarterly cash dividend for the 66th consecutive year.
Carol Yancey, executive vice president and chief financial officer, will retire at the end of May after 30 years at the company.
GPC last month agreed to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc.
'Highly synergistic' acquisition valued at $1.3 billion, according to Genuine Parts Company.
