Genuine Parts (GPC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose from the prior quarter and from the same period a year ago. The company reported higher revenues in the latest period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose from the prior quarter and from the same period a year ago. The company reported higher revenues in the latest period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.8B
Revenue reported for this quarter.
Quarter-over-quarter
+4.4%
Change from the immediately preceding quarter.
Year-over-year
+8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.6B | +17.1% |
| Sep 30, 2022 | $5.7B | +17.8% |
| Dec 31, 2022 | $5.5B | +15.0% |
| Mar 31, 2023 | $5.8B | +8.9% |
Revenue performance
The filing context notes a strong liquidity position and an amendment to a credit facility to replace the benchmark rate from the London Interbank Offered Rate to the Secured Overnight Financing Rate.
Quarterly comparison
Revenue growth was observed against the preceding quarter and versus the year-ago period. The company's trailing revenue also reflected an upward trend.
What to watch
The transition from the London Interbank Offered Rate to the Secured Overnight Financing Rate for borrowings may affect future interest costs.