Real Components Firm GPC reported fourth-quarter 2024 adjusted earnings of $1.61 per share, which beat the Zacks Consensus Estimate of $1.54. The underside line declined from year-ago earnings of $2.26 per share.
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The corporate reported web gross sales of $5.8 billion, which surpassed the Zacks Consensus Estimate of $5.69 billion and inched up 3.3% 12 months over 12 months. This enhance was attributable to a 3.2% increase from acquisitions and a 0.6% affect from favorable overseas forex transactions.
Real Components Firm Worth, Consensus and EPS Shock
Genuine Parts Company price-consensus-eps-surprise-chart | Real Components Firm Quote
Segmental Efficiency
The Automotive phase’s web gross sales totaled $3.7 billion within the reported quarter, up 6.1% 12 months over 12 months on acquisition advantages and favorable affect of overseas forex. The highest line surpassed our estimate of $3.6 billion. The phase’s comparable gross sales rose 0.2% 12 months over 12 months. Working revenue decreased 6.2% to $285 million however topped our forecast of $248.9 million. Section revenue margin got here in at 7.8%, down 100 foundation factors from the year-ago interval.
The Industrial Components phase’s web gross sales declined 1.2% 12 months over 12 months to $2.1 billion owing to a decline in comps and unfavorable foreign exchange translations. The highest line additionally lagged our estimate of $2.11 billion. The phase’s comparable gross sales decreased 1.7% within the reported quarter. Working revenue decreased 4.3% from the prior-year quarter to $271 million however surpassed our projection of $220.4 million. The revenue margin of 12.9% contracted 40 foundation factors 12 months over 12 months within the fourth quarter of 2024.
Monetary Efficiency
Real Components had money and money equivalents value $480 million as of Dec. 31, 2024, down from $1.1 billion as of Dec. 31, 2023. Lengthy-term debt elevated to $3.74 billion from $3.55 billion as of Dec. 31, 2023. The corporate exited the fourth quarter with $2 billion in complete liquidity, comprising $1.5 billion on the revolving credit score facility and the rest as money/money equivalents. The corporate generated free money move (FCF) of $684 million in 2024.
The corporate hiked its quarterly money dividend by 3% to $1.03 per share to be paid on April 2, 2025, to shareholders of document as of March 7, 2025.
Real Components Gives 2025 Steering
For 2025, Real Components expects year-over-year income progress of 2-4% for each automotive and industrial segments. General gross sales progress is projected within the vary of 2-4% in contrast with progress of 1.6% in 2024. The corporate envisions adjusted earnings per share of $7.75 to $8.25 in contrast with $8.16 in 2024. Working money move is anticipated within the band of $1.2-$1.4 billion. FCF is projected between $800 million and $1 billion.
GPC’s Zacks Rank & Key Picks
Real Components carries a Zacks Rank #3 (Maintain) at current.
Some better-ranked shares within the auto area are Geely Car Holdings Restricted GELYY, Dana Integrated DAN and Garrett Movement Inc. GTX. Whereas GELYY & DAN sport a Zacks Rank #1 (Sturdy Purchase) every, GTX carries a Zacks Rank #2 (Purchase) at current. You possibly can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GELYY’s fiscal 2025 gross sales and earnings signifies year-over-year progress of 66.62% and 149.31%, respectively. EPS estimates for fiscal 2025 and 2026 have improved by 15 cents and 38 cents, respectively, up to now 60 days.
The Zacks Consensus Estimate for DAN’s 2025 earnings implies year-over-year progress of 79.17%. EPS estimates for 2025 have improved by 20 cents up to now 30 days.
The Zacks Consensus Estimate for GTX’s 2025 gross sales and earnings signifies year-over-year progress of two.16% and 17.92%, respectively. EPS estimates for 2025 have improved by a penny up to now 30 days.
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Genuine Parts Company (GPC) : Free Stock Analysis Report
Dana Incorporated (DAN) : Free Stock Analysis Report
Geely Automobile Holdings Ltd. (GELYY) : Free Stock Analysis Report
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