Genuine Parts Company, which holds significant aftermarket auto parts involvement primarily through the NAPA Auto Parts network, plans to release First Quarter Earnings on April 21, 2022.

Management will also conduct a conference call on this date at 11:00 a.m. ET.

Aftermarket watchers will be looking to see signs of a continuation of ongoing positive trends from fourth quarter and full year results for the company.

Fourth quarter sales for 2021 for the Automotive Group were $3.2 billion USD, up 13.1% from 2020 and representing 66% of total company revenues.

The improvement was due to a 10.6% global increase in comparable sales and a 2.8% benefit from acquisitions, net of a slightly unfavorable impact of foreign currency and other. Segment profit of $265.8 million was up 10.7% and the profit margin was 8.3% compared to 8.5% in the same period of 2020.

For the full year ended December 31, 2021, net Automotive Group sales were $12.5 billion USD, up from 10.8 billion USD.

Overall for the company, sales in 2021 were $18.9 billion USD, a 14.1% increase from $16.5 billion  USD for the same period in 2020. Net income from continuing operations for the twelve months was $898.8 million USD , or $6.23 per diluted share. The company’s adjusted net income from continuing operations was $997.0 million USD , or $6.91 per diluted share, an increase of 31.1% compared to $5.27 per diluted share last year

Guidance for the company put 2022 Automotive Segment growth at 4-6% for the full year, 9% to 11% for the company due to anticipated Industrial Parts Group growth of 20% to 22%.

Earnings call details

The public may access the First Quarter 2022 webcast and supplemental earnings deck on the Company’s investor relations website.

The call is also available by dialing 888-317-6003.

The conference ID is 2523809.

A replay of the call will be available on the company’s website or toll-free at 877-344-7529, ID 2602302, two hours after the completion of the conference call.

About Genuine Parts Company

Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company’s Automotive Parts Group distributes replacement auto parts in the U.S., Canada, Mexico, Australasia, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands and Belgium. The company’s Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, the company serves its global customers from an extensive network of more than 10,000 locations in 15 countries an has approximately 52,000 employees.

Further information is available at www.genpt.com.