secwatch.observer — SEC 8-K summary
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Issuer:     GENUINE PARTS CO (GPC)
CIK:        0000040987
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000040987-24-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40987/000004098724000066/0000040987-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40987/000004098724000066/gpc-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000040987-24-000066

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