Turning to our cash flows. For the first six months of 2024, we generated $612 million in cash from operations, up 34% year-over-year, and $353 million in free cash flow, which was up 40% from the prior year. Our strong cash flow in the first half of 2024 reflects a long-standing hallmark of GPC, which is delivering robust cash flows through low growth cycles. We closed the second quarter with $2 billion in available liquidity, and our debt to adjusted EBITDA ratio was 1.8 times, which compares to our targe ...

Genuine Parts (GPC) came out with quarterly earnings of $2.44 per share, missing the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $2.44 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on t ...

www.genpt.com News Release July 23, 2024 FOR IMMEDIATE RELEASE Genuine Parts Company Reports Second Quarter 2024 Results and Revises Full-Year Outlook • Sales of $6.0 billion, Up 0.8% • Diluted EPS of $2.11, Down 13.5% • Adjusted Diluted EPS of $2.44, In-line with Prior Year • Revises 2024 Outlook: ◦ Revenue Growth of 1% to 3% from 3% to 5% ◦ Adjusted Diluted EPS of $9.30 to $9.50 from $9.80 to $9.95 ATLANTA -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial repl ...

Q2'24 Earnings Presentation July 23, 2024 GPC Snapshot (as of 6/30/2024) | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|-------------|-------|-------|-------|----------------------------------------|-------|-------------| | | | | | | | | | | Key Statistics | | | | | Global Footprint TTM Revenue by Region | | | | Founded | 1928 | | | | | | | | Headquarters | Atlanta, GA | | | | | | | | Countries Served | 17 | | | | | | | | Locations | ~10,780 | | | | | | | | • Distributi ...

The company is revising full-year 2024 guidance previously provided in its earnings release on April 18, 2024. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its guidance, which is outlined in the table below. Automotive Parts Group ("Automotive") Industrial sales were $2.2 billion, down 1.1% from the same period in 2023, with a 0.7% benefit f ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 23. On the other hand, if they miss, the stock may move lower. Estimate Revisions Trend The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings releas ...

chaofann Stocks can go through periods of underperformance for one reason or another, and a common refrain among investors may be to ask "what does the market know that I don't?" Having been in the investment game for quite some time, I would say that more often than not, so long as you do your due diligence, the market doesn't know any more than you do. Sometimes, an individual company or sector may simply be out of favor with big institutional firms, which often adopt a herd mentality and can "window dres ...

ATLANTA, July 2, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global distributor of automotive and industrial replacement parts, plans to release second quarter financial results on July 23, 2024. 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 1-800-836-8184. A replay of the call will be available on the ...

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Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a divide ...