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Genuine Parts Company (GPC)
NYSE:GPC
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.56Last Year’s EPS
$2.26Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -18.48%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter with financial performance below expectations due to weak market conditions and increased costs. However, strategic acquisitions, operational improvements, and ongoing restructuring efforts provide a positive outlook for future growth. The sentiment is balanced with both significant challenges and promising initiatives.Company Guidance
During the third quarter 2024 earnings call for Genuine Parts Company (GPC), the executives provided updated guidance reflecting current market challenges. Total sales for the quarter were approximately $6 billion, marking a 2.5% year-over-year increase. However, the company faced significant headwinds, including soft market conditions, particularly in Europe and the global industrial business, which led to a $140 million shortfall in expected sales. Adjusted diluted earnings per share dropped to $1.88 from $2.49 in the prior year. The company adjusted its 2024 outlook, now expecting total sales growth between 1% and 2% and adjusted diluted earnings per share between $8.00 and $8.20. Despite these challenges, GPC remains committed to long-term investments in technology, supply chain, and strategic acquisitions, supported by strong cash flows, with expected free cash flow ranging from $800 million to $1 billion.Solid Global Automotive Sales
Global Automotive sales increased by approximately 5% in the third quarter, with notable growth in regions such as Europe and Asia Pacific.
Successful Strategic Acquisitions
Completed strategic acquisitions of independent owners, including the Walker Automotive Supply, adding 70 NAPA stores to the network.
Operational Improvements
Investments in inventory and technology have led to improved service levels, customer satisfaction, and reduced voluntary turnover by over 30% year-over-year.
Restructuring Program on Track
The global restructuring initiative is progressing as planned, with expected annualized benefits of $45 million to $90 million.
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GPC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $141.97 | $112.20 | -20.97% |
| Jul 23, 2024 | $136.26 | $135.12 | -0.84% |
| Apr 18, 2024 | $140.89 | $156.70 | +11.22% |
| Feb 15, 2024 | $139.93 | $139.61 | -0.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Genuine Parts Company (GPC) report earnings?
Genuine Parts Company (GPC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Genuine Parts Company (GPC) earnings time?
Genuine Parts Company (GPC) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPC EPS forecast?
GPC EPS forecast for the fiscal quarter 2024 (Q4) is $1.56.
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