Genuine Parts (GPC) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased relative to the same period one year earlier. The sequential decline reflects a moderation from the prior quarter's level.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter but increased relative to the same period one year earlier. The sequential decline reflects a moderation from the prior quarter's level.
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
-1.5%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$23B
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 |
|---|---|---|
| Dec 31, 2022 | $5.5B | +15.0% |
| Mar 31, 2023 | $5.8B | +8.9% |
| Jun 30, 2023 | $5.9B | +5.6% |
| Sep 30, 2023 | $5.8B | +2.6% |
Revenue performance
The reported revenue moved lower from the previous quarter, marking a slight contraction. However, on a year-over-year basis, revenue continued to show growth.
Quarterly comparison
Compared to the prior quarter, revenue declined, while year-over-year comparisons remained positive. The trailing twelve-month revenue indicates sustained overall performance.
What to watch
The sequential revenue decline should be monitored for potential further softening in demand.