Categories Earnings, Industrials
Earnings Summary: Genuine Parts reports higher Q1 sales and adj. earnings
Genuine Parts Company (NYSE: GPC), a leading automotive replacement parts distributor, Thursday reported financial results for the first quarter of 2024.
- First-quarter sales came in at $5.8 billion, slightly higher than the $ 5.76 billion sales reported a year earlier
- Global Automotive sales were $3.6 billion in Q1, up 1.9% from the same period in 2023
- Net income decreased to $249 million in the first quarter from $304 million in the same period of the prior year
- Earnings, on a per-share basis, dropped 17% annually to $1.78 in the March quarter
- At $2.22 per share, adjusted profit was up 3.7% year-over-year during the three months
- The company reaffirmed its full-year 2024 revenue growth guidance in the range of 3% to 5%
- It also revised full-year adjusted earnings per share forecast to $9.80-$9.95 from the earlier guidance of $9.70-$9.90
- The company generated cash flow from operations of $318 million for the first three months of 2024
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
