Genuine Parts Reaffirms 2023 Guidance; Provides Three-Year Outlook

(RTTNews) - Genuine Parts Company (GPC) said, for the year ending December 31, 2023, it continues to expect: adjusted earnings per share of $8.80 to $8.95; and total sales growth of 4% to 6%.

For the year ending December 31, 2025, the company expects: earnings per share in a range of $11.00 to $11.50; and total sales of $26.5 billion to $27.0 billion.

For the 3-year period ending December 31, 2025, the company anticipates: compounded annual EPS CAGR of 10.0% to 11.0%; and compounded annual sales growth of 6.0% to 7.0%.

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