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Mar 31, 2024
Genuine Parts Q1 2024 Earnings Report
Genuine Parts Company reported first quarter results and updated full-year outlook.
Key Takeaways
Genuine Parts Company reported a slight increase in sales and an increase in adjusted diluted EPS. Sales were $5.8 billion, up 0.3%, and adjusted diluted EPS was $2.22, up 3.7%. The company reaffirmed its revenue growth outlook for 2024 and updated its adjusted diluted EPS outlook.
Sales of $5.8 billion, up 0.3%.
Diluted EPS of $1.78, down 16.8%.
Adjusted Diluted EPS of $2.22, up 3.7%.
Reaffirms Revenue Growth of 3% to 5%.
Revenue by Segment
Forward Guidance
The company is updating full-year 2024 guidance previously provided in its earnings release on February 15, 2024. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its guidance.
Positive Outlook
- Total sales growth of 3% to 5%
- Automotive sales growth of 2% to 4%
- Industrial sales growth of 3% to 5%
- Diluted earnings per share of $9.05 to $9.20
- Adjusted diluted earnings per share of $9.80 to $9.95
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
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