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Mar 31, 2021
Genuine Parts Q1 2021 Earnings Report
Genuine Parts Company reported strong first-quarter results, driven by growth in both Automotive and Industrial segments.
Key Takeaways
Genuine Parts Company reported a strong start to 2021, with sales up 9.1% to $4.5 billion and diluted EPS from continuing operations up 79% to $1.50. The company also raised its 2021 outlook for revenue growth and diluted EPS.
Sales increased by 9.1% to $4.5 billion.
Diluted EPS from continuing operations rose by 79% to $1.50.
Automotive business posted strongest growth, with positive sales comps in each region.
Industrial business continued its recovery with improving sales trends.
Genuine Parts
Genuine Parts
Genuine Parts Revenue by Segment
Revenue by Segment
Automotive Parts Revenue
CapyFin.comIndustrial Parts Revenue
CapyFin.com Forward Guidance
The Company is updating its full-year 2021 guidance. Total sales growth is expected to be 5% to 7%. Automotive sales growth is expected to be 5% to 7%. Industrial sales growth is expected to be 4% to 6%. Diluted earnings per share is expected to be $5.85 to $6.05.
Positive Outlook
- Total sales growth is expected to be 5% to 7%.
- Automotive sales growth is expected to be 5% to 7%.
- Industrial sales growth is expected to be 4% to 6%.
- Diluted earnings per share is expected to be $5.85 to $6.05.
- Net cash provided by operating activities is expected to be $1.0 billion to $1.2 billion
Challenges Ahead
- Global economic outlook
- The continued uncertainty of COVID-19
- Potential impact on our results
- Effective tax rate 24.5% to 25.5%
- Free cash flow $700 million to $900 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income