Financial Data and Key Metrics Changes - Total GPC sales for 2024 were $23.5 billion, an increase of approximately $400 million or 1.7% compared to 2023, with a benefit of 260 basis points from strategic acquisitions [13] - Adjusted gross margin increased by 70 basis points, driven by acquisitions and strategic pricing initiatives [13] - Operating cash flow was $1.3 billion, with over $700 million returned to shareholders through dividends and share repurchases [14] - Fourth quarter total GPC sales increased by 3.3%, including a benefit from acquisitions of 320 basis points [58] Business Segment Data and Key Metrics Changes - Global Industrial segment sales were $8.7 billion, a decrease of 1.4% compared to last year, with comparable sales down 2% [15] - Global Automotive segment sales were $14.8 billion, an increase of approximately 4% compared to last year, with a benefit of 370 basis points from acquisitions [27] - Global Industrial segment EBITDA was $1.1 billion, which was 12.6% of sales, a decrease of 20 basis points versus the prior year [17] - Global Automotive segment EBITDA was $1.3 billion, which was 8.7% of sales, a decrease of 70 basis points versus 2023 [29] Market Data and Key Metrics Changes - In the U.S., total automotive sales were up approximately 3% in 2024, with roughly flat comparable sales growth [29] - European sales increased 6% in local currency, with flat comparable sales growth [38] - Asia Pacific sales increased 6% in local currency, with comparable sales growth up approximately 4% [40] - Canadian sales increased approximately 1% in local currency, with comparable sales down approximately 2% [42] Company Strategy and Development Direction - The company is focused on strategic investments in technology, talent, sales, and supply chain to enhance customer experience and drive profitable growth [11] - Over 100 acquisitions were made in 2024 to enhance capabilities and geographic coverage [12] - The company aims to balance long-term strategic investments with urgent cost actions in response to current market conditions [51] - M&A will continue to play an important role in growth, particularly in automotive and industrial segments [45] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about gradual improvement in market conditions for both industrial and automotive segments in 2025 [50] - The company anticipates soft market conditions to persist into the first half of 2025, with expectations for improvement in the second half [50] - Management highlighted the importance of operational excellence and customer service in navigating challenging market conditions [53] Other Important Information - The company executed a global restructuring that led to $45 million in cost savings in 2024, with additional savings expected in 2025 [14][52] - The Board approved a 3% increase in dividends, marking the 69th consecutive year of dividend increases [14] - The company is targeting an additional $100 million to $125 million in savings for 2025 [52] Q&A Session Summary Question: Reconciliation of operational improvements and underperformance - Management acknowledged the operational improvements but noted that the company is not satisfied and is focused on continuing progress [90][94] Question: Guidance on sales progression and impact of weather - Management indicated that weak conditions are expected to persist in the first half of 2025, with expectations for improvement in the second half [102][103] Question: Impact of tariffs on business - Management described the situation as fluid, with a diversified global supply chain in place to manage tariff exposure effectively [112][113] Question: Sales growth expectations - Management confirmed that sales growth is expected to be in the range of 2% to 4% for 2025, with a focus on sequential improvement throughout the year [80][119]

Genuine Parts Company (GPC) reported fourth-quarter 2024 adjusted earnings of $1.61 per share, which beat the Zacks Consensus Estimate of $1.54. The bottom line declined from year-ago earnings of $2.26 per share. See the Zacks Earnings Calendar to stay ahead of market-making news.The company reported net sales of $5.8 billion, which surpassed the Zacks Consensus Estimate of $5.69 billion and inched up 3.3% year over year. This increase was due to a 3.2% boost from acquisitions and a 0.6% impact from favorab ...

Genuine Parts (GPC) reported $5.77 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 3.3%. EPS of $1.61 for the same period compares to $2.26 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.69 billion, representing a surprise of +1.34%. The company delivered an EPS surprise of +4.55%, with the consensus EPS estimate being $1.54.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Genuine Parts (GPC) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $2.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this auto and industrial parts distributor would post earnings of $2.44 per share when it actually produced earnings of $1.88, delivering a surprise of -22.95%.Over the last ...

www.genpt.com News Release February 18, 2025 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Fourth Quarter and Full-Year 2024 Results Declares Dividend Increase for 69th Consecutive Year Provides 2025 Outlook Fourth Quarter 2024 Highlights Full-Year 2024 Highlights 2025 Outlook ATLANTA - Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its results for the fourth quarter and twelve months ended ...

Declares Dividend Increase for 69th Consecutive YearProvides 2025 OutlookFourth Quarter 2024 Highlights Sales of $5.8 billion Diluted EPS of $0.96 Adjusted Diluted EPS of $1.61Full-Year 2024 Highlights Sales of $23.5 billion Diluted EPS of $6.47 Adjusted Diluted EPS of $8.16 Cash from Operations of $1.3 billion; Free Cash Flow of $684 million Returned $705 million to Shareholders via Cash Dividends and Share Repurchases2025 Outlook Revenue Growth of 2% to 4% Adjusted Diluted EPS of $7.75 to $8.25 Dividend I ...

In its upcoming report, Genuine Parts (GPC) is predicted by Wall Street analysts to post quarterly earnings of $1.54 per share, reflecting a decline of 31.9% compared to the same period last year. Revenues are forecasted to be $5.69 billion, representing a year-over-year increase of 1.9%.The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates duri ...

The market expects Genuine Parts (GPC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 18, 2025, might help the stock move higher if these key numbers ...

ATLANTA, Jan. 28, 2025 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, plans to release fourth quarter and full-year financial results on February 18, 2025. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the company's investor relations website. The call is also available by dialing 1-800-836-81 ...

GPC ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Genuine Parts Company ...