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Dec 31, 2021
Genuine Parts Q4 2021 Earnings Report
Reported a strong fourth quarter and full year 2021, driven by sales growth and margin improvement.
Key Takeaways
Genuine Parts Company reported a 13.0% increase in sales to $4.8 billion for the fourth quarter of 2021. Diluted EPS from continuing operations was $1.79, with adjusted diluted EPS also at $1.79, up 17.8%. The company highlighted its 17th consecutive quarter of year-over-year gross margin improvement and announced the acquisition of Kaman Distribution Group.
Sales increased by 13.0% to $4.8 billion.
Diluted EPS from continuing operations was $1.79.
Adjusted diluted EPS from continuing operations increased by 17.8% to $1.79.
Announced the acquisition 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 considered its past performance, business trends, current growth plans, strategic initiatives, global economic outlook and the continued uncertainty of COVID-19 and its potential impact on our results, in establishing its full-year 2022 guidance.
Positive Outlook
- Total sales growth of 9% to 11%
- Automotive sales growth of 4% to 6%
- Industrial sales growth of 20% to 22%
- Diluted earnings per share of $7.45 to $7.60
- Adjusted diluted earnings per share of $7.45 to $7.60
Challenges Ahead
- Approximate 2% headwind from foreign currency translation.
- Continued uncertainty of COVID-19 and its potential impact on our results
- Effective tax rate Approx. 25%
- Net cash provided by operating activities $1.5 billion to $1.7 billion
- Free cash flow $1.2 billion to $1.4 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income