NYSE$GPC
Genuine Parts Co · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Genuine Parts Company reported strong financial results driven by growth initiatives and global market recovery.
Genuine Parts Company reported strong financial results for the third quarter of 2021, with sales reaching $4.8 billion, a 10.3% increase year-over-year. The company's adjusted diluted EPS from continuing operations was $1.88, a 15% increase and a new record. The company also raised its 2021 outlook for revenue growth, diluted EPS, adjusted diluted EPS, and free cash flow.
- Sales increased by 10.3% to $4.8 billion.
- Diluted EPS from continuing operations was $1.59.
- Adjusted diluted EPS from continuing operations increased by 15% to $1.88, setting a new record.
- The company raised its 2021 outlook for revenue growth, diluted EPS, adjusted diluted EPS and free cash flow.
Headline financials
Revenue & EPS history
Genuine Parts · Revenue · Quarterly
$4.82B
Revenue by segment
Genuine Parts · $4.82B total across 2 segments · Q3 2021
- Total Automotive$3.2B+8.2%66.5%
- Industrial$1.61B+14.5%33.5%
Forward guidance
The Company is updating its full-year 2021 guidance previously provided in its earnings release on July 22, 2021.
Tailwinds
- Total sales growth 12% to 13%
- Automotive sales growth 14% to 15%
- Industrial sales growth 10% to 11%
- Diluted earnings per share $5.92 to $5.97
- Adjusted diluted earnings per share $6.60 to $6.65
Headwinds
- Effective tax rate Approx. 25%
- Net cash provided by operating activities $1.2 billion to $1.4 billion
- Free cash flow $950 million to $1.15 billion
- Considered its recent business trends and financial results
- Global economic outlook and the continued uncertainty of COVID-19 and its potential impact on our results
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-1.0%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-2.0%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+12.7%
Q1 2024
Best reaction
-18.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | -3.4% | -14.7% | |
| Q4 2025 | -14.5% | -19.8% | -32.7% | |
| Q3 2025 | +2.1% | -0.7% | -5.1% | |
| Q2 2025 | -0.2% | +0.5% | +2.3% | |
| Q1 2025 | +2.8% | +4.3% | +13.5% | |
| Q4 2024 | -2.6% | -2.6% | -3.3% | |
| Q3 2024 | -18.8% | -20.2% | -14.3% | |
| Q2 2024 | -1.9% | +2.6% | +2.2% | |
| Q1 2024 | +12.7% | +13.4% | +6.1% | |
| Q4 2023 | -0.8% | +0.2% | +6.7% | |
| Q3 2023 | -13.5% | -13.4% | -7.6% | |
| Q2 2023 | -7.0% | -6.1% | -7.9% | |
| Q1 2023 | +0.0% | -0.8% | -1.0% | |
| Q4 2022 | +2.8% | +1.7% | -9.8% | |
| Q3 2022 | +2.1% | +8.0% | +13.7% | |
| Q2 2022 | +4.8% | +7.1% | +9.6% | |
| Q1 2022 | -2.9% | -2.7% | -6.6% | |
| Q4 2021 | -2.4% | -4.9% | -0.7% | |
| Q3 2021 | +2.6% | +3.8% | +4.3% | |
| Q2 2021 | -0.1% | -0.2% | -4.1% | |
| Q1 2021 | +0.9% | +1.6% | +8.4% | |
| Q4 2020 | -0.8% | +2.6% | +15.1% | |
| Q3 2020 | -3.2% | -8.0% | -5.0% | |
| Q2 2020 | -1.6% | -0.5% | +3.5% | |
| Q1 2020 | -1.7% | +1.3% | +23.0% | |
| Q4 2019 | +2.9% | -1.1% | -42.8% | |
| Q3 2019 | +3.7% | +5.7% | +7.3% | |
| Q2 2019 | -6.9% | -5.1% | -12.2% | |
| Q1 2019 | -7.9% | -6.5% | -12.9% | |
| Q4 2018 | +1.4% | +3.0% | +1.4% | |
| Q3 2018 | +6.5% | +5.7% | +7.6% | |
| Q2 2018 | +3.6% | +3.4% | +4.5% | |
| Q1 2018 | -4.0% | -3.2% | +1.1% | |
| Q4 2017 | -6.5% | -5.3% | -11.9% | |
| Q3 2017 | -9.6% | -9.3% | -12.1% | |
| Q2 2017 | -0.3% | +0.4% | -1.6% | |
| Q1 2017 | +3.1% | +3.8% | +2.2% | |
| Q4 2016 | -4.6% | -4.4% | -7.2% | |
| Q3 2016 | -7.1% | -5.5% | -1.9% | |
| Q2 2016 | -1.9% | -2.0% | +1.4% | |
| Q1 2016 | -3.3% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | +2.9% | — | — | |
| Q2 2015 | -3.1% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | -1.5% | — | — | |
| Q3 2014 | +4.7% | — | — | |
| Q2 2014 | -1.5% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | -3.3% | — | — | |
| Q2 2013 | -2.1% | — | — | |
| Q1 2013 | -3.2% | — | — | |
| Q4 2012 | -3.4% | — | — | |
| Q3 2012 | -0.8% | — | — | |
| Q2 2012 | +1.6% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | +0.5% | — | — | |
| Q2 2011 | -2.8% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2009 | -4.9% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2007 | +1.3% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q3 2008 | +1.6% | — | — | |
| Q3 2009 | +1.6% | — | — | |
| Q2 2009 | +1.9% | — | — | |
| Q4 2008 | +1.9% | — | — | |
| Q2 2008 | +1.9% | — | — |
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