Genuine Parts Company · NYSE:GPC
Genuine Parts — Q1 2025 Earnings Presentation
21 slides from Genuine Parts's earnings presentation, Apr 22, 2025
Slide 1: First Quarter 2025 Earnings Presentation
First Quarter 2025 Earnings Presentation April 22, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement FORWARD-LOOKING STATEMENTS: Some statements in this presentation, as well as in other materials we file with the Securities and Exchange Commission (SEC), release to the public, or make available on our website, constitute forward-looking statements that are subject to the safe
Slide 3: GPC Snapshot (as of 3/31/2025)
GPC Snapshot (as of 3/31/2025) Global Footprint Key Statistics TTM Revenue by Region Founded 1928 Headquarters Atlanta, GA Countries Served 17 Locations ~10,810 • Distribution Centers ~195 • Branches/Service Centers ~750 16% Europe • Retail (Owned/Independent) ~9,865 74% Employees 63,000+ North Amer
Slide 4: Key Messages
Key Messages First quarter performance in-line with our expectations and reaffirmed 2025 outlook Remain focused on what we can control: providing excellent customer service and executing on our strategic initiatives while continuing to navigate a dynamic external environment Committed to opera
Slide 5: Q1'25 Performance: GPC Executive Summary
Q1’25 Performance: GPC Executive Summary Global Sales1 Gross Margin Adj EBITDA2 Adj EBITDA Margin2 Adj Diluted EPS2 $5.9B 37.1% $473M 8.1% $1.75 Increased 1.4% Improved 120 bps Decreased 8.4% Decreased 80 bps Decreased 21.2% Impacted by one less day At March 31 Cash From Operations Working Capital3
Slide 6: Q1'25 Performance: Industrial
Q1’25 Performance: Industrial Global Sales1 Global Comps1,2 Segment EBITDA3 Segment EBITDA Margin3 $2.2B -0.7% $279M 12.7% Decreased 0.4% Impacted by one less day In-line with PY Improved 10 bps Impacted by one less day Accomplishments: Corporate account customer base, which represents Market Tota
Slide 7: Q1'25 Performance: Automotive
Q1’25 Performance: Automotive Global Sales1 Global Comps1,2 Segment EBITDA3 Segment EBITDA Margin3 $3.7B -0.8% $286M 7.8% Increased 2.5% Impacted by one less day Decreased 10.7% Decreased 110 bps Impacted by one less day Market Total Sales4 Comp Sales2,4 Accomplishments: Celebrated NAPA’s 100-year
Slide 8: Strategic Investment Priorities
Strategic Investment Priorities Talent & Sales Supply Emerging Culture Effectiveness Chain Technology Develop high-potential Utilize data and analytics to Modernize operations to Lead in emerging talent and infuse capabilities understand our customer increase productivity and technologies and levera
Slide 9: GPC Capital Allocation: Q1'25 and FY'25 Outlook
GPC Capital Allocation: Q1’25 and FY’25 Outlook YTD 2025 Capital Deployment Key Priorities Strategic Investments $120M YTD Capital Expenditures • Estimated $400M – $450M FY’2025 Capital Expenditures 36% M&A 41% ~$330M $74M YTD Capital Deployed • Estimated $300M – $350M FY’25 M&A Capital Outlay S
Slide 10: GPC 2025 Outlook Reaffirmed: Executive Summary
GPC 2025 Outlook Reaffirmed: Executive Summary1 All 2025 Outlook Metrics Reaffirmed From February 18, 2025 Total Sales Growth 2% to 4% • Automotive 2% to 4% • Industrial 2% to 4% Diluted EPS $6.95 to $7.45 Adj Diluted EPS2 $7.75 to $8.25 Adj EPS Growth2 (5%) to 1% Cash from Operations $1.2B to $1.4B
Slide 11: GPC 2025 Outlook: Adjusted EPS Guidance Bridge
GPC 2025 Outlook: Adjusted EPS Guidance Bridge ($ per share) 52 Outlook Assumptions ,. $8.25 $8.16 83 • Does not include any impact from tariffs in 2025 given lack of clarity on path 00 $7.75 • forward Reaffirmed full year outlook; 0 fluid external backdrop makes visibility into the rest of the year
Slide 12: GPC 2025 Outlook: U.S. Business Days
GPC 2025 Outlook: U.S. Business Days U.S. Business Days* Q1 Q2 Q3 Q4 FY 2025 63 64 64 63 254 2024 64 64 64 63 255 Difference -1 0 0 0 -1 *Our calculation of comparable sales is computed using total business days for the period, not calendar days. We believe a business day approach is a better repres
Slide 13: Appendix
Appendix 13
Slide 14: Consolidated Net Sales and Diluted EPS Bridge
Consolidated Net Sales and Diluted EPS Bridge Appendix A Net Sales ($M) Adj Diluted Earnings Per Share1 $174 $5,866 $5,784 ($45) $0.44 $2.22 ($47) $1.78 $1.75 ($0.47) $1.40 ($0.35) Q1'24 Core Sales Acquisitions FX & Other Q1'25 Q1'24 Adjustments Q1'24 Core Q1'25 Adjustments Q1'25 GAAP EPS Adj EPS Op
Slide 15: Other Information
Other Information Appendix B Comparable Sales: Comparable sales or “comp sales” is a key metric that refers to period-over-period comparisons of our net sales excluding the impact of acquisitions, foreign currency and other. Our calculation of comparable sales is computed using total business days f
Slide 16: Segment Data
Segment Data Appendix C Reconciliation of EBITDA to Net Income 2025 2025 2024 (in thousands) TTM Q1 Q1 Q2 Q3 Q4 Net sales: Automotive $ 14,860,001 $ 3,664,888 $ 3,574,020 $ 3,726,991 $ 3,799,789 $ 3,668,333 Industrial 8,709,006 2,201,181 2,209,611 2,235,576 2,170,409 2,101,840 Segment EBITDA: Automo
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Appendix C Reconciliation of Net Income to Adj EBITDA 2025 2025 2024 (in thousands) TTM Q1 Q1 Q2 Q3 Q4 GAAP net income $ 849,574 $ 194,392 $ 248,894 $ 295,544 $ 226,582 $ 133,056 Depreciation and amortization 432,803 115,435 90,610 99,202 106,036 112,130
Slide 18: Reconciliation of Non-GAAP Financial Measures (Cont.)
Reconciliation of Non-GAAP Financial Measures (Cont.) Appendix C Reconciliation of Net Income to Adj Net Income 2025 2025 2024 (in thousands) TTM Q1 Q1 Q2 Q3 Q4 GAAP net income $ 849,574 $ 194,392 $ 248,894 $ 295,544 $ 226,582 $ 133,056 Adjustments: Restructuring and other costs (1) 192,735 54,770 8
Slide 19: Reconciliation of Non-GAAP Financial Measures (Cont.)
Reconciliation of Non-GAAP Financial Measures (Cont.) Appendix C Reconciliation of Operating and Non-Operating Expenses to Adj Operating and Non-Operating Expenses Three Months Ended March 31, QTD Change (in thousands) 2025 2024 $ Change % Change GAAP operating and non-operating expenses $ 1,922,047
Slide 20: Reconciliation of Non-GAAP Financial Measures (Cont.)
Reconciliation of Non-GAAP Financial Measures (Cont.) Appendix C Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (in thousands) Three Months Ended March 31, 2025 TTM Ended March 31, 2025 Net cash (used in) provided by operating activities $ (40,827) $ 892,118 Purchases
Slide 21: Explanation of Adjustments
Explanation of Adjustments Appendix C (1) Restructuring and other costs: Amount reflects costs related to our global restructuring initiative which includes a voluntary retirement offer in the U.S. in 2024 and rationalization and optimization of certain distribution centers, stores and other facilit
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