earnings
confidence high
sentiment positive
materiality 0.80
Genuine Parts Q1 sales $5.3B record, adj. EPS $1.86 (+24%); raises FY22 guidance
GENUINE PARTS CO
2022-Q1 EPS reported
$1.72
revenue$5,294,635,000
- Sales $5.3B (+18.6%), record; diluted EPS $1.72 (+14.7%); adjusted diluted EPS $1.86 (+24%).
- Automotive sales $3.3B (+10.9%), margin 8.1% (+10 bps). Industrial sales $2.0B (+33.6%), margin 9.3% (+100 bps).
- FY22 guidance raised: sales growth 10-12% (prev 9-11%), adj. EPS $7.70-$7.85 (prev $7.45-$7.60).
- Q1 operating cash flow $398.8M (up 32.5%); free cash flow $320.8M. Kaman integration ahead of plan.
- Ended Q1 with $2.0B total liquidity ($1.4B revolver availability + $0.6B cash).