Genuine Parts Company (GPC) AGM 2026 summary

Opening remarks and agenda

• Meeting called to order by the Chair Elect and CEO, with introductions of key executives and procedural instructions for the agenda and Q&A session.

• Agenda included business update, director elections, recap of the planned separation of automotive and industrial businesses, proxy proposals, Q&A, and vote count.

Financial performance review

• FY'25 global sales reached $24.3 billion, a 3.5% increase from 2024, with adjusted gross margin up 90 basis points to 37.5%.

• Adjusted EBITDA was $2 billion (8.3% of sales), and adjusted diluted EPS was $7.37, down 9.7% from prior year.

• $175 million in cost savings realized from restructuring, with $891 million in cash from operations and a total debt to adjusted EBITDA ratio of 2.4x.

• Over $450 million invested in supply chain and technology, doubling historical capital expenditures.

Board and executive committee updates

• Board continued its refreshment program, adding two independent directors with industry expertise.

• Board composition is 82% independent, 27% women, and 36% diverse by race, ethnicity, or nationality, with an average director tenure of 4 years.

• Two directors retired in late 2025; another concluded service at this meeting.