Genuine Parts Q1 adjusted EPS up 3.7% to $2.22; raises full-year adjusted EPS guidance

GENUINE PARTS CO

2024-Q1 EPS reported $1.78 revenue$5,783,631,000

Revenue flat at $5.8B, up 0.3% YoY; Automotive sales +1.9%, Industrial sales -2.2%.
GAAP diluted EPS $1.78, down 16.8%; adjusted diluted EPS $2.22, up 3.7%.
Adjusted EPS guidance raised to $9.80-$9.95 from $9.70-$9.90; revenue growth reaffirmed at 3-5%.
Free cash flow $203M in Q1; $133M in dividends paid, $38M in share repurchases.
Industrial segment margin expanded 70 bps to 12.3%; Automotive margin up 10 bps to 7.6%.

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 first quarter ended March 31, 2024 results: revenue $5.8 billion, net income $249 million, EPS $1.78 per diluted earnings per share. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $5.8 billion
Net income: $249 million
EPS: $1.78 per diluted earnings per share
Guidance: raised
Result: reported results

Exact text from the filing

(EX-99.1) --- www.genpt.com News Release April 18, 2024 FOR IMMEDIATE RELEASE Genuine Parts Company Reports First Quarter 2024 Results and Updates Full-Year Outlook • Sales of $5.8 billion, Up 0.3% • Diluted EPS of $1.78, Down 16.8% • Adjusted Diluted EPS of $2.22, Up 3.7% • Updates 2024 Outlook: ◦ Reaffirms Revenue Growth of 3% to 5% ◦ Updates Adjusted Diluted EPS

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Source: SEC EDGAR

accession 0000040987-24-000066

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