Genuine Parts Q2 2022 Earnings Report
Key Takeaways
Genuine Parts Company reported record sales of $5.6 billion, a 17.1% increase, and diluted EPS of $2.62, up 92.6%. Adjusted diluted EPS was $2.20, a 26.4% increase. The company also raised its 2022 outlook for revenue growth and diluted and adjusted diluted EPS.
Record sales of $5.6 billion, up 17.1%.
Diluted EPS of $2.62, up 92.6%.
Adjusted Diluted EPS of $2.20, up 26.4%.
Significant progress on integration of Kaman Distribution Group.
Genuine Parts
Genuine Parts
Genuine Parts Revenue by Segment
Forward Guidance
The Company is updating full-year 2022 guidance previously provided in its earnings release on April 21, 2022. Total sales growth 12% to 14%, Automotive sales growth 6% to 8%, Industrial sales growth 26% to 28%, Diluted earnings per share $8.08 to $8.23, Adjusted diluted earnings per share $7.80 to $7.95, Net cash provided by operating activities $1.5 billion to $1.7 billion, Free cash flow $1.2 billion to $1.4 billion.
Positive Outlook
- Total sales growth updated to 12% to 14%.
- Automotive sales growth updated to 6% to 8%.
- Industrial sales growth updated to 26% to 28%.
- Diluted earnings per share updated to $8.08 to $8.23.
- Adjusted diluted earnings per share updated to $7.80 to $7.95.
Challenges Ahead
- Global economic outlook.
- Geopolitical conflicts.
- Potential impact on results.
- Dynamic and uncertain external landscape.
- Uncertainties related to business trends and financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income