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Jun 30, 2023
Genuine Parts Q2 2023 Earnings Report
Reported record sales and double-digit adjusted earnings growth.
Key Takeaways
Genuine Parts Company reported a solid quarter with record sales of $5.9 billion, a 5.6% increase year-over-year. Diluted EPS was $2.44, down 6.9%, but up 10.9% from adjusted diluted EPS in 2022. The company updated its 2023 outlook, reaffirming revenue growth of 4% to 6% and increasing diluted EPS to $9.15 to $9.30.
Record sales of $5.9 billion, up 5.6%.
Diluted EPS of $2.44, down 6.9%, or up 10.9% from adjusted diluted EPS in 2022.
Reaffirmed revenue growth of 4% to 6% for 2023.
Increased diluted EPS to $9.15 to $9.30 for 2023.
Revenue by Segment
Forward Guidance
The company is updating full-year 2023 guidance, reaffirming revenue growth of 4% to 6% and increasing diluted EPS to $9.15 to $9.30.
Positive Outlook
- Reaffirms Revenue Growth of 4% to 6%
- Increases Diluted EPS to $9.15 to $9.30
- Reaffirms Cash From Operations of $1.3 Billion to $1.4 Billion
- Strategic plans
- Will continue to invest to strengthen our business
Challenges Ahead
- Global economic outlook
- Geopolitical conflicts
- Changes in general economic conditions
- Inflation
- Uncertain credit markets and other macroeconomic conditions
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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