Genuine Parts: Q4 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — Genuine Parts Co. (GPC) on Thursday reported fourth-quarter earnings of $252 million.

On a per-share basis, the Atlanta-based company said it had profit of $1.77. Earnings, adjusted for non-recurring costs, were $2.05 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.

The auto and industrial parts distributor posted revenue of $5.52 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $5.35 billion.

For the year, the company reported profit of $1.18 billion, or $8.31 per share. Revenue was reported as $22.1 billion.

Genuine Parts expects full-year earnings in the range of $8.80 to $8.95 per share.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GPC at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up