---
schema_version: "secwatch.filing_event.v1"
accession: "0000040987-23-000013"
form_type: "8-K"
ticker: "GPC"
cik: "0000040987"
company_name: "GENUINE PARTS CO"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:55:32.443836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genuine Parts Q1 sales $5.8B, EPS $2.14 (+24.4%); raises FY EPS guidance to $8.95-$9.10

## Summary
- Record Q1 sales of $5.8B (+8.9%), diluted EPS $2.14 (+24.4% GAAP, +15.1% adjusted).
- Industrial sales $2.3B (+11.9%), segment profit $262M (+39.1%), margin 11.6% (+230bps).
- Automotive sales $3.5B (+7.0%) but segment profit flat at $264M, margin down 60bps to 7.5%.
- Full-year 2023 diluted EPS guidance raised to $8.95-$9.10 from $8.80-$8.95; operating cash flow guidance raised.
- Q1 operating cash flow $198M; free cash flow $109M; dividends $126M, stock repurchases $68M.

## SEC filing metadata
- accession: 0000040987-23-000013
- form_type: 8-K
- ticker: GPC
- cik: 0000040987
- company_name: GENUINE PARTS CO
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40987/000004098723000013/0000040987-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40987/000004098723000013/gpc-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040987-23-000013
- JSON: https://secwatch.observer/filing/0000040987-23-000013.json
- Plain text: https://secwatch.observer/filing/0000040987-23-000013.txt

## Key facts
- Earnings Releases
  GENUINE PARTS CO reported the first quarter ended March 31, 2023 results: revenue $5.8 billion, net income $304 million, EPS $2.14. Guidance raised.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $5.8 billion
  - Net income: $304 million
  - EPS: $2.14
  - Guidance: raised
  - Result: reported results
  source text: Genuine Parts Company Reports First Quarter 2023 Results And Raises Full Year Outlook • Record Sales of $5.8 Billion, Up 8.9% • Diluted EPS of $2.14, Up 24.4%, or Up 15.1% from Adjusted Diluted EPS in 2022 • Updates 2023 Outlook: ◦ Reaffirms Revenue Growth of 4% to 6% ◦ Increases Diluted EPS to $8.95 to $9.10, Up from $8.80 to $8.95 ◦ Increases Cash From Operations to $1.3 Billion to $1.4 Billion, Up from $1.2 Billion to $1.4 Billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/40987/000004098723000013/0000040987-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.