Genuine Parts Q4 sales $5.5B (+15%), adj. EPS $2.05 (+14.5%); FY22 record sales $22.1B; guides FY23 EPS $8.80-$8.95

GENUINE PARTS CO

2022-FY EPS reported $8.31 revenue$22,095,973,000

Q4 sales $5.5B (+15%), adj. diluted EPS $2.05 (+14.5%); FY22 record sales $22.1B (+17.1%), adj. diluted EPS $8.34 (+20.7%).
Automotive Q4 sales $3.4B (+7.6%), margin 8.6% (+30bps); Industrial sales $2.1B (+29.6%), margin 11.0% (+150bps).
FY23 guidance: sales growth 4-6%, adj. diluted EPS $8.80-$8.95, cash from ops $1.2-1.4B, FCF $0.8-1.0B.
Cash from operations $1.5B (+16.6%); free cash flow $1.1B (+13.6%) in FY22.
Returned $719M to shareholders via dividends ($496M) and share repurchases ($223M) in FY22.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENUINE PARTS CO reported the year ended December 31, 2023 results: EPS $8.80 to $8.95. Guidance initiated.

Period: the year ended December 31, 2023
EPS: $8.80 to $8.95
Guidance: initiated
Result: guidance update

Exact text from the filing

Free Cash Flow of $1.1 billion, Up 13.6% • Returned $719 million to Shareholders via Cash Dividends and Share Repurchases 2023 Outlook • Revenue Growth of 4% to 6% • Diluted EPS of $8.80 to $8.95 ATLANTA - Genuine Parts Company (NYSE: GPC) announced today its results for the fourth quarter and twelve months ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENUINE PARTS CO reported the full year ended December 31, 2022 results: revenue $22.1 billion, net income $1.2 billion, EPS $8.31 per diluted share.

Period: the full year ended December 31, 2022
Revenue: $22.1 billion
Net income: $1.2 billion
EPS: $8.31 per diluted share
Result: reported results

Exact text from the filing

Sales in 2022 were $22.1 billion, a 17.1% increase from $18.9 billion in 2021. Net income for the twelve months was $1.2 billion, or $8.31 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENUINE PARTS CO reported the fourth quarter ended December 31, 2022 results: revenue $5.5 billion, net income $252 million, EPS $1.77 per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $5.5 billion
Net income: $252 million
EPS: $1.77 per diluted share
Result: reported results

Exact text from the filing

Sales were $5.5 billion, a 15.0% increase compared to $4.8 billion in the same period of the prior year. The improvement is attributable to an 11.1% increase in comparable sales and an 8.0% benefit from acquisitions, partially offset by a 4.1% unfavorable impact of foreign currency and other. Net income was $252 million, or a diluted EPS of $1.77.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

GENUINE PARTS CO filing history →

Source: SEC EDGAR

accession 0000040987-23-000005

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