Genuine Parts (GPC) Revenue — Quarter Ended Dec 31, 2023
Genuine Parts Company reported a sequential decline in revenue for the fourth quarter, contrasting with an increase compared to the same period last year. The full fiscal year revenue remained substantial.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Genuine Parts Company reported a sequential decline in revenue for the fourth quarter, contrasting with an increase compared to the same period last year. The full fiscal year revenue remained substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.1%
Change from the immediately preceding quarter.
Year-over-year
+1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.1B
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 |
|---|---|---|
| Mar 31, 2023 | $5.8B | +8.9% |
| Jun 30, 2023 | $5.9B | +5.6% |
| Sep 30, 2023 | $5.8B | +2.6% |
| Dec 31, 2023 | $5.6B | +1.1% |
Revenue performance
Revenue fell from the prior quarter, while it rose relative to the year-ago quarter. The trailing twelve-month revenue reached a significant level.
Quarterly comparison
The current quarter's revenue decreased compared to the immediately preceding quarter, but improved versus the same quarter one year earlier.
What to watch
Monitor whether the sequential revenue decline signals a trend or is an isolated quarter-end effect.