2023-03-23 07:13:08 ET
- Genuine Parts Company ( NYSE: GPC ) has reaffirmed its full-year 2023 outlook ahead of its investor day event scheduled today in Atlanta, Georgia.
- The automotive parts firm still sees total sales growth of 4% to 6%, with adjusted diluted earnings per share of $8.80-8.95 vs. $8.92 consensus . It expects to generate $800M to $1B of free cash flow in the year.
- It also outlined long-term financial targets, projecting total sales of $26.5B-$27B (vs. $24.97B consensus) and diluted EPS of $11.00 to $11.50 for the year ending 2025. For the three-year period (1/1/2023 – 12/31/2025), compounded annual sales growth is expected between 6% and 7%.
For further details see:
Genuine Parts outlines long-term financial targets