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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
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 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
- uncertainties in the global economy
Revenue & Expenses
Visualization of income flow from segment revenue to net income