Genuine Parts Q3 2020 Earnings Report
Key Takeaways
Genuine Parts Company reported sales of $4.4 billion, a decrease of 3.4% compared to the same period last year. Diluted net income per share from continuing operations was $1.61, up 11%, and diluted adjusted EPS from continuing operations was $1.63, up 17%. The company strengthened its balance sheet, enhanced liquidity, and generated strong cash flows.
Sales down 3.4% to $4.4 billion; excluding divestitures, sales were up 0.8%.
Diluted net income per share from continuing operations increased by 11% to $1.61.
Diluted adjusted EPS from continuing operations rose by 17% to $1.63.
Segment profit increased by 100 basis points to 9.0%.
Genuine Parts
Genuine Parts
Genuine Parts Revenue by Segment
Forward Guidance
The Company did not provide annual guidance updates due to continued lack of visibility and macro-economic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income