The company said sales for Q1 2024 (ended March 31) were $5.8 billion, up 0.3%, while net income was $249 million ($1.78 per diluted share), lower than $304 million ($2.14) in the same period last year.

1. 01

   The company said sales for Q1 2024 (ended March 31) were $5.8 billion, up 0.3%, while net income was $249 million ($1.78 per diluted share), lower than $304 million ($2.14) in the same period last year.

2. 02

   GPC said adjusted net income, which excludes net after-tax non-recurring costs of $62 million related to its global restructuring ($0.44 per diluted share), was $311 million, and adjusted diluted EPS was $2.22, up 3.7% from $2.14 a year earlier.

3. 03

   The company said Automotive sales for Q1 2024 rose 1.9% to $3.6 billion, with a segment profit margin of 7.6%, while Industrial sales fell 2.2% to $2.2 billion and its segment profit margin was 12.3%.

4. 04

   The company said cash flow from operations for the first 3 months of 2024 was $318 million, and free cash flow was $203 million. It also updated its full-year adjusted diluted EPS outlook to $9.80 to $9.95 from the previous $9.70 to $9.90.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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