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Dec 31, 2019
Genuine Parts Q4 2019 Earnings Report
Genuine Parts Company reported an increase in fourth quarter sales, driven by growth in the Automotive Group, but diluted EPS decreased due to restructuring and other charges.
Key Takeaways
Genuine Parts Company reported fourth quarter sales of $4.7 billion, a 2.2% increase compared to the same period in 2018. Diluted earnings per share were $0.06, while adjusted diluted earnings per share were $1.35. The company is establishing its full year 2020 sales guidance at Flat to up 1.0%, or up an adjusted 3.0% to 4.0% excluding the impact of the EIS and SPR Canada divestitures.
Fourth quarter sales increased by 2.2% to $4.7 billion.
Diluted EPS was $0.06, while adjusted diluted EPS was $1.35.
Automotive Group sales increased by 8.7%, while Industrial Group sales decreased by 5.9%.
The company is targeting $100 million cost savings run-rate by the end of 2020.
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 establishing its full year 2020 sales guidance at Flat to up 1.0%, or up an adjusted 3.0% to 4.0% excluding the impact of the EIS and SPR Canada divestitures. The Company's guidance for diluted earnings per share is $5.80 to $5.90, an increase of 2% to 4%, or an adjusted 5% to 7% excluding the divestitures noted above.
Positive Outlook
- Total sales growth 3% to 4%
- Automotive sales growth 4% to 5%
- Industrial sales growth 2% to 3%
- Business Products sales growth -1% to -2%
- Diluted earnings per share $5.80 to $5.90
Revenue & Expenses
Visualization of income flow from segment revenue to net income