正品零件公司(Genuine Parts Co, GPC)(NYSE:GPC)的股票週二在盤前交易中走高。
該公司報告第四季度收入同比增長3.3%至57.7億美元,超過分析師預期的57.1億美元。
增長主要受益於3.2%的收購效應、0.6%的外匯及其他有利影響,部分被0.5%的可比銷售額下降所抵消。
汽車零部件集團銷售額同比增長6.1%。該部門的息稅折舊攤銷前利潤(EBITDA)爲2.85億美元,下降6.2%,EBITDA利潤率爲7.8%,比去年同期下降了100個基點。
工業零部件集團銷售額下降了1.2%。該部門的EBITDA爲2.71億美元,下降了4.3%,EBITDA利潤率爲12.9%,同比下降了40個基點。
調整後的每股收益(EPS)爲1.61美元,超過預期的1.55美元。
毛利潤同比增長1.8%至21億美元。銷售、管理及其他費用爲16.9億美元,同比增長11.5%。
截至12月31日,現金及等價物總額爲4.799億美元。全年運營活動產生的淨現金總額爲12.5億美元。
董事會批准將2025年定期季度現金股息提高3%,從每股1.00美元提高至1.03美元,將於2025年4月2日支付給截至2025年3月7日的股東。
由於擴大的重組計劃,公司將在2025年承擔約1.5億至1.8億美元的費用,這將繼續作爲一次性費用報告。
“儘管宏觀經濟條件和終端市場需求疲軟使得今年充滿挑戰,但我們仍專注於控制我們能控制的事情——推進我們的戰略計劃以加強業務並有效管理我們的運營。”總裁兼首席執行官威爾·斯滕格爾表示。
展望:正品零件公司預計2025財年收入增長2%到4%。公司預計2025財年調整後每股收益爲7.75美元至8.25美元,而市場普遍預期爲8.29美元。
公司預計2025財年自由現金流爲8億至10億美元,運營現金流爲12億至14億美元。
價格變動:截至週二最後一次檢查,GPC股票盤前交易上漲0.48%,至125.50美元。
Genuine Parts Co (NYSE:GPC) shares are trading higher in premarket on Tuesday.
The company reported fourth-quarter revenue growth of 3.3% year-on-year to $5.77 billion, beating the analyst consensus estimate of $5.71 billion.
The increase was driven by a 3.2% benefit from acquisitions, a net 0.6% favorable impact of foreign currency and other, partially offset by a 0.5% decrease in comparable sales.
Automotive Parts Group sales grew 6.1% Y/Y. Segment EBITDA of $285 million decreased 6.2%, with segment EBITDA margin of 7.8%, down 100 basis points from the same period of the prior year.
Sales for the Industrial Parts Group declined 1.2%. Segment EBITDA of $271 million decreased 4.3% with segment EBITDA margin of 12.9%, down 40 basis points year over year.
Adjusted EPS of $1.61 beat the consensus estimate of $1.55.
Gross profit increased 1.8% Y/Y to $2.1 billion. Selling, administrative and other expenses were $1.69 billion, an 11.5% rise Y/Y.
Cash and equivalents totaled $479.9 million as of December 31. Net cash generated from operating activities for the twelve months totaled $1.25 billion.
The company’s Board of Directors approved a 3% increase in its regular quarterly cash dividend for 2025 from $1.00 to $1.03 per share, which is payable April 2, 2025, to shareholders of record March 7, 2025.
Due to expanded restructuring program, the company will incur about $150 million to $180 million in 2025, which will continue to be reported as a non-recurring expense.
“While the year presented challenges due to macroeconomic conditions and softer end-market demand, we remained focused on controlling what we could—advancing our strategic initiatives to strengthen the business and effectively managing our operations,” said President and CEO Will Stengel.
Outlook: Genuine Parts sees FY25 revenue growth of 2% – 4%. The company expects FY25 adjusted EPS of $7.75 – $8.25 versus the consensus of $8.29.
The company sees FY25 free cash flow of $800 million – $1.0 billion and an operating cash flow of $1.2 billion – $1.4 billion.
Price Action: GPC shares are trading higher by 0.48% at $125.50 in premarket at the last check Tuesday.
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