Genuine Parts Company Stock News

Genuine Parts' (GPC) Q4 earnings gain from robust sales growth, ongoing gross-margin improvement initiatives and expenses control actions in response to inflationary cost pressure.

Genuine Parts (GPC) delivered earnings and revenue surprises of 11.18% and 2.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Genuine Parts Company shares rose 1% in premarket trade Thursday, after the car parts maker beat fourth-quarter earnings estimates and offered guidance that was above consensus. Atlanta-based Genuine Parts posted net income of $256.0 million, or $1.79 a share, for the quarter, up from $171.6 million, or $1.18 a share, in the year-earlier period. Adjusted per-share earnings were also $1.79, ahead of the $1.59 FactSet consensus. Sales rose 13% to $4.8 billion from $4.3 billion a year ago, also ahead of the $4.7 billion FactSet consensus. "Strong sales growth combined with ongoing initiatives to improve gross margin and control expenses in an inflationary environment drove an 18% increase in adjusted earnings per share, which along with our continued focus on working capital improvement, helped us to deliver strong cash flow," Chief Executive Paul Donahue said in a statement. The company is now expecting 2022 adjusted EPS of $7.45 to $7.60, above the FactSet consensus of $7.31. It expects sales to grow 9% to 11%, compared with a FactSet consensus that implies growth of about 5%.

Genuine Parts press release (GPC): Q4 Non-GAAP EPS of $1.79 beats by $0.20.Revenue of $4.8B (+12.9% Y/Y) beats by $140M.For FY2022, the company expects Revenue Ggowth of 9% to 11% vs

Genuine Parts Earnings, Revenue Beat in Q4

ATLANTA, Feb. 17, 2022 /PRNewswire/ -- Fourth Quarter 2021 Highlights Sales of $4.8 billion, Up 13.0% Diluted EPS from Continuing Operations $1.79 Adjusted Diluted EPS from Continuing Operations $1.79, Up 17.8% 17th Consecutive Quarter of Year-Over-Year Gross Margin Improvement Announced…

Genuine Parts Company (GPC) CEO Paul Donahue on Q4 2021 Results - Earnings Call Transcript

Genuine Parts' (GPC) Q4 earnings gain from robust sales growth, ongoing gross-margin improvement initiatives and expenses control actions in response to inflationary cost pressure.

Genuine Parts (GPC) delivered earnings and revenue surprises of 11.18% and 2.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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Genuine Parts Company shares GPC, +0.74% rose 1% in premarket trade Thursday, after the car parts maker beat fourth-quarter earnings estimates and offered guidance that was above consensus. Atlanta-ba

Genuine Parts (NYSE:GPC) is scheduled to announce Q4 earnings results on Thursday, February 17th, before market open.The consensus EPS Estimate is $1.59 (+4.6% Y/Y) and the…

The Zacks Consensus Estimate for Genuine Parts' (GPC) Q4 earnings and revenues is pegged at $1.61 and $4.67 billion, respectively.

The Zacks Consensus Estimate for LKQ's Q4 earnings and revenues is pegged at 77 cents per share and $3.07 billion, respectively.