---
schema_version: "secwatch.filing_event.v1"
accession: "0000040987-24-000020"
form_type: "8-K"
ticker: "GPC"
cik: "0000040987"
company_name: "GENUINE PARTS CO"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:38:39.579215+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000040987-24-000020
- form_type: 8-K
- ticker: GPC
- cik: 0000040987
- company_name: GENUINE PARTS CO
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/0000040987-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/gpc-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000040987-24-000020
- JSON: https://secwatch.observer/filing/0000040987-24-000020.json
- Plain text: https://secwatch.observer/filing/0000040987-24-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/0000040987-24-000020-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/40987/000004098724000020/0000040987-24-000020-index.htm

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