earnings
confidence high
sentiment negative
materiality 0.78
Genuine Parts Q2 EPS $2.11, revenue up 0.8%; cuts full-year guidance
GENUINE PARTS CO
2024-Q2 EPS reported
$3.89
revenue$11,746,198,000
- Diluted EPS $2.11, down 13.5% YoY; adjusted EPS $2.44, flat YoY.
- Revenue $6.0B, up 0.8% (2.2% from acquisitions, -0.9% comparable sales).
- Automotive sales $3.7B (+2.0%); Industrial sales $2.2B (-1.1%).
- FY2024 outlook cut: revenue growth 1%-3% (prev. 3%-5%); adjusted EPS $9.30-$9.50 (prev. $9.80-$9.95).
- Free cash flow $353M in H1; maintains $1.3-$1.5B operating cash flow outlook.