Loading...
•
Mar 31, 2022
Genuine Parts Q1 2022 Earnings Report
Reported record sales and double-digit earnings growth, navigating supply chain challenges and inflationary pressures.
Key Takeaways
Genuine Parts Company reported record sales of $5.3 billion, up 18.6%, with diluted EPS of $1.72, up 14.7%, and adjusted diluted EPS of $1.86, up 24.0%. The company is raising its 2022 outlook for revenue growth and diluted and adjusted diluted EPS.
Record Sales of $5.3 Billion, Up 18.6%
Diluted EPS of $1.72, Up 14.7%
Adjusted Diluted EPS of $1.86, Up 24.0%
Raising 2022 Outlook for Revenue Growth and Diluted and Adjusted Diluted EPS
Revenue by Segment
Forward Guidance
The company is updating full-year 2022 guidance previously provided in its earnings release on February 17, 2022 and has accounted for an approximate 2% headwind from foreign currency translation. The Company will continue to update full-year guidance during 2022, as appropriate.
Positive Outlook
- Total sales growth 10% to 12%
- Automotive sales growth 5% to 7%
- Industrial sales growth 21% to 23%
- Diluted earnings per share $7.56 to $7.71
- Adjusted diluted earnings per share $7.70 to $7.85
Challenges Ahead
- Effective tax rate Approximately 25%
- Net cash provided by operating activities $1.5 billion to $1.7 billion
- Free cash flow $1.2 billion to $1.4 billion
- approximate 2% headwind from foreign currency translation
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...