secwatch.observer — SEC 8-K summary
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Issuer:     GENUINE PARTS CO (GPC)
CIK:        0000040987
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000040987-24-000175
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genuine Parts Q2 EPS $2.11, revenue up 0.8%; cuts full-year guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40987/000004098724000175/0000040987-24-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40987/000004098724000175/gpc-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000040987-24-000175

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer