Genuine Parts Co. (NYSE:GPC) is among the 10 best non-tech stocks to buy and hold for 5 years. On March 11, Genuine Parts Co. (NYSE:GPC) CEO Will Stengel said that the company expects the ongoing split of its automotive and motion businesses into two independent entities to be completed within 9 to 12 months. Speaking at the UBS Global Consumer and Retail Conference, Stengel also said that the costs associated with the separation will be manageable, possibly below observersโ€™ initial expectations of between $400 million and $500 million.

During the interview, the executive shared that the decision to split Genuine Parts Co. (NYSE:GPC) into two was the culmination of a three-year plan that saw the company conduct a fairly robust strategic analysis in early 2025, followed by a broad-based assessment inclusive of financial analytics and investor and capital needs throughout the rest of last year.

Stengel also discussed in more detail the outlook for Genuine Parts Co. (NYSE:GPC) this year. According to Stengel, the company will focus on executing strategic initiatives rather than relying on market conditions, and expects sequential improvement in EBITDA, with the middle quarters showing the highest conversion rates.

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Genuine Parts Co. (NYSE:GPC) distributes automotive and industrial replacement parts. Its Automotive Parts Group operates across North America, Europe, and Australasia, while the Industrial Parts Group serves customers across North America and Australasia.

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