Genuine Parts pany(US:GPC)2024-02-15 17:37Financial Performance Highlights - GPC's Q4 2023 sales reached $56 billion, a 11% increase year-over-year[16] - The company's gross margin was 364%, improved by 70 bps[3] - EBITDA increased by 6% to $523 million[3] - Diluted EPS increased by 10% to $226[3] - Free cash flow for FY'23 was approximately $923 million[16,18] Segment Performance - Industrial segment profit increased by 19% to $275 million[17] - Automotive segment profit was $259 million, a decrease of 12%[36] - Total segment profit margin was 99%[10] - Industrial segment margin was 129%, improved by 190 bps[5] - Automotive segment margin was 75%, down 110 bps[36] 2023 Full Year Results - Global sales reached $231 billion, a 45% increase[8,32] - EBITDA was $22 billion, an 8% increase[32] - Adjusted diluted earnings per share was $933[50,106] 2024 Outlook - The company projects total sales growth of 3% to 5%[54] - Automotive sales are expected to grow by 2% to 4%[54] - Industrial sales are expected to grow by 3% to 5%[54] - Diluted EPS is projected to be between $895 and $915[54] - Adjusted diluted EPS is projected to be between $970 and $990[54] - Free cash flow is expected to be between $800 million and $1 billion[54]