Genuine Parts Q3 diluted EPS $2.49, up 13.2% YoY; updates FY EPS guidance to $9.20-$9.30

GENUINE PARTS CO

2023-Q3 EPS reported $7.08 revenue$17,504,726,000

Sales of $5.8B (+2.6% YoY); Automotive segment $3.6B (+3.9%), Industrial $2.2B (+0.6%).
Net income $351M (+12.4% YoY); diluted EPS $2.49 (+13.2% GAAP, +11.7% adjusted).
Industrial segment profit margin expanded 180 bps to 12.9%; U.S. Automotive below expectations.
Updates 2023 diluted EPS guidance to $9.20-$9.30 (prev. $9.15-$9.30); reaffirms revenue growth 4%-6%.
Generated $1.1B cash from ops in 9 months; free cash flow $733M; total liquidity $2.2B.

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 0.95

GENUINE PARTS CO reported the third quarter ended September 30, 2023 results: revenue $5.8 billion, net income $351 million, EPS $2.49. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $5.8 billion
Net income: $351 million
EPS: $2.49
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- www.genpt.com News Release October 19, 2023 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Third Quarter 2023 Results and Updates Full-Year Outlook • Sales of $5.8 billion, Up 2.6% • Diluted EPS of $2.49, Up 13.2%, or Up 11.7% from Adjusted Diluted EPS in 2022 • Updates 2023 Outlook: ◦ Reaffirms Revenue Growth of 4% to 6% ◦ Updates Diluted EPS to

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Source: SEC EDGAR

accession 0000040987-23-000084

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