GENUINE PARTS CO

For the period ended Jun 30, 2024. Filed Jul 23, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 23, 2024

GPC$124.71-0.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands, except per share data)	2024	2023	2024	2023
Net sales	$5,962,567	$5,915,006	$11,746,198	$11,680,124
Cost of goods sold	3,782,264	3,780,263	7,491,240	7,531,980
Gross profit	2,180,303	2,134,743	4,254,958	4,148,144
Operating expenses:
Selling, administrative and other expenses	1,647,456	1,581,653	3,222,383	3,092,897
Depreciation and amortization	99,202	90,873	189,812	178,088
Provision for doubtful accounts	5,678	8,322	11,889	13,961
Restructuring and other costs	29,760	—	112,802	—
Total operating expenses	1,782,096	1,680,848	3,536,886	3,284,946
Non-operating (income) expense:
Interest expense, net	21,921	16,455	39,611	33,319
Other	(9,915)	(16,649)	(32,921)	(28,616)
Total non-operating (income) expense	12,006	(194)	6,690	4,703
Income before income taxes	386,201	454,089	711,382	858,495
Income taxes	90,657	109,595	166,944	210,044
Net income	$295,544	$344,494	$544,438	$648,451
Dividends declared per common share	$1.00	$0.95	$2.00	$1.90
Basic earnings per share	$2.12	$2.45	$3.91	$4.61
Diluted earnings per share	$2.11	$2.44	$3.89	$4.58

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