Genuine Parts Q4 diluted EPS $2.26 (+27.7% YoY); 5% dividend increase; announces global restructuring

GENUINE PARTS CO

2023-FY EPS reported $9.33 revenue$23,090,610,000

Q4 sales $5.6B (+1.1%); full-year sales $23.1B (+4.5%); full-year adj. diluted EPS $9.33 (+11.9%).
Board raises quarterly dividend 5% to $1.00/share ($4.00 annual); 68th consecutive yearly increase.
Global restructuring incurring $100M-$200M in 2024; expects $20M-$40M savings in 2024.
2024 guidance: sales growth 3%-5%; adj. diluted EPS $9.70-$9.90; free cash flow $800M-$1B.
Industrial segment profit margin improved 190bps to 12.9%; Automotive margin fell 110bps to 7.5%.

item 2.02 item 9.01 item 8.01

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 full year ended December 31, 2023 results: revenue $23.1 billion, net income $1.3 billion, EPS $9.33. Guidance initiated.

Period: the full year ended December 31, 2023
Revenue: $23.1 billion
Net income: $1.3 billion
EPS: $9.33
Guidance: initiated
Result: reported results

Exact text from the filing

Quarter 2023 Highlights • Sales of $5.6 billion, Up 1.1% • Diluted EPS of $2.26, Up 27.7%, or Up 10.2% from Adjusted Diluted EPS in 2022 Full-Year 2023 Highlights • Sales of $23.1 billion, Up 4.5% • Diluted EPS of $9.33, Up 12.3%, or Up 11.9% from Adjusted Diluted EPS in 2022 • Cash from Operations of $1.4 billion; Free Cash Flow of $923 million • Returned $788

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENUINE PARTS CO reported the fourth quarter ended December 31, 2023 results: revenue $5.6 billion, net income $317 million, EPS $2.26.

Period: the fourth quarter ended December 31, 2023
Revenue: $5.6 billion
Net income: $317 million
EPS: $2.26
Result: reported results

Exact text from the filing

Company Reports Fourth Quarter and Full-Year 2023 Results Declares Dividend Increase for 68th Consecutive Year Provides 2024 Outlook Fourth Quarter 2023 Highlights • Sales of $5.6 billion, Up 1.1% • Diluted EPS of $2.26, Up 27.7%, or Up 10.2% from Adjusted Diluted EPS in 2022 Full-Year 2023 Highlights • Sales of $23.1 billion, Up 4.5% • Diluted EPS of $9.33, Up

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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

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