Loading...
•
Jun 30, 2022
Genuine Parts Q2 2022 Earnings Report
Genuine Parts Company achieved record sales and earnings growth, driven by the resilience of its Automotive and Industrial businesses and the strategic mix of its operations.
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.
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.
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...