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Sep 30, 2024

Genuine Parts Q3 2024 Earnings Report

Genuine Parts Company's third quarter results were impacted by market conditions in Europe and the Industrial business.

Key Takeaways

Genuine Parts Company reported sales of $6.0 billion, a 2.5% increase compared to the same period last year. Diluted EPS was $1.62, and adjusted diluted EPS was $1.88. The company revised its full-year outlook, expecting revenue growth of 1% to 2% and adjusted diluted EPS of $8.00 to $8.20.

Sales increased by 2.5% to $6.0 billion.

Diluted EPS was reported at $1.62.

Adjusted diluted EPS was $1.88.

Full-year outlook revised with revenue growth expected between 1% and 2%.

Total Revenue
$5.97B
Previous year: $5.82B
+2.5%
EPS
$1.88
Previous year: $2.49
-24.5%
Gross Profit
$2.2B
Previous year: $2.11B
+4.2%
Cash and Equivalents
$1.08B
Previous year: $655M
+64.7%
Free Cash Flow
$711M
Previous year: $733M
-3.0%
Total Assets
$20.3B
Previous year: $17B
+19.0%

Genuine Parts

Genuine Parts

Genuine Parts Revenue by Segment

Forward Guidance

The company is revising full-year 2024 guidance previously provided in its earnings release on July 23, 2024. Total sales growth is expected to be 1% to 2%. Adjusted diluted earnings per share is expected to be $8.00 to $8.20.

Revenue & Expenses

Visualization of income flow from segment revenue to net income