Genuine Parts Q2 record sales $5.9B, up 5.6%; raises FY EPS guidance to $9.15-$9.30

GENUINE PARTS CO

2023-Q2 EPS reported $4.58 revenue$11,680,124,000

Q2 GAAP diluted EPS $2.44, down 6.9% YoY from $2.62; adjusted EPS up 10.9% vs prior-year adjusted $2.20.
Record sales $5.9B (+5.6% YoY) on 4.9% comparable growth and 1.8% from acquisitions.
Automotive sales $3.7B (+5.4%), margin 9.0% (-30bps); Industrial sales $2.3B (+5.9%), margin 12.5% (+190bps).
Raises FY2023 diluted EPS outlook to $9.15-$9.30 from $8.95-$9.10; reaffirms revenue growth 4%-6%.
Six-month free cash flow $252M; returned $260M in dividends and $135M in buybacks; total liquidity $2.0B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENUINE PARTS CO reported second quarter ended June 30, 2023 results: revenue $5.9 billion, net income $344 million, EPS $2.44. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $5.9 billion
Net income: $344 million
EPS: $2.44
Guidance: raised
Result: reported results

Exact text from the filing

--- www.genpt.com News Release July 20, 2023 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Second Quarter 2023 Results And Raises Full Year Outlook • Record Sales of $5.9 billion, Up 5.6% • Diluted EPS of $2.44, Down 6.9%, or Up 10.9% from Adjusted Diluted EPS in 2022 • Updates 2023 Outlook: ◦ Reaffirms Revenue Growth of 4% to 6% ◦ Increases Diluted EPS

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Source: SEC EDGAR

accession 0000040987-23-000055

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