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Sep 30, 2022
Genuine Parts Q3 2022 Earnings Report
Genuine Parts Company reported record sales and double-digit earnings growth, driven by effective strategies and the resilience of its Automotive and Industrial businesses.
Key Takeaways
Genuine Parts Company reported record sales of $5.7 billion, a 17.8% increase, with diluted EPS of $2.20, up 38.4%, and adjusted diluted EPS of $2.23, up 18.6%. The company is raising its 2022 outlook for revenue growth and diluted and adjusted diluted EPS.
Record Sales of $5.7 billion, Up 17.8%
Diluted EPS of $2.20, Up 38.4%
Adjusted Diluted EPS of $2.23, Up 18.6%
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 July 27, 2022.
Positive Outlook
- Total sales growth 15% to 16%
- Automotive sales growth 7% to 8%
- Industrial sales growth 31% to 32%
- Diluted earnings per share $8.29 to $8.39
- Adjusted diluted earnings per share $8.05 to $8.15
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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