Market Updates
Genuine Parts Lifts Earnings Outlook On Record Quarterly Sales
Scott Peters
21 Apr, 2022
New York City
Genuine Parts Company said first quarter 2022 revenues rose 19% to $5.3 billon, net income increased 15% to,$246 million, and diluted earnings per share advanced 15% to $1.72 from $1.50 a year ago.
The company lifted its annual diluted earnings per share outlook to a range of $7.56 to $7.71 from $7.45 to $7.60 and retained free cash flow outlook to between $1.2 billion and $1.4 billion.
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