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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
Genuine Parts
Genuine Parts
Genuine Parts Revenue by Segment
Revenue by Segment
Automotive Parts Revenue
CapyFin.comIndustrial Parts Revenue
CapyFin.com 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