Genuine Parts pany(US:GPC)2022-02-17 16:26Financial Performance - GPC reported total sales of $4.8 billion in Q4 2021, a 13% increase from 2020 and a 12% increase from 2019[9] - Adjusted gross profit increased by 13.8% with a 30 bps margin increase[21] - GAAP and Adjusted Net Income reached $256 million, with GAAP and Adjusted Diluted EPS at $1.79, an 18% increase[9] - Segment profit margin was 8.7%, a decrease of 10 bps year-over-year but an increase of 100 bps on a 2-year stack[9] - The company's total debt to TTM Adjusted EBITDA improved to 1.4x compared to 1.9x on December 31, 2020[9] Segment Performance - Automotive sales increased by 13.1% to $3.19 billion, with a segment profit of $266 million and a margin of 8.3%[22] - Industrial sales increased by 12.8% to $1.613 billion, with a segment profit of $154 million and a margin of 9.5%[22] Capital Allocation and Outlook - Capital deployment in 2021 included 34% for dividends ($466 million), 25% for share repurchases ($334 million), 21% for M&A ($284 million), and 20% for reinvestment ($266 million)[27] - The company anticipates total sales growth of 9% to 11% in FY'22, with automotive at 4% to 6% and industrial at 20% to 22%[29] - Diluted EPS is projected to be $7.45 to $7.60, with adjusted EPS growth of 8% to 10%[29] - Cash from operations is expected to be $1.5 billion to $1.7 billion, with free cash flow of $1.2 billion to $1.4 billion[29]