Genuine Parts (GPC) Revenue — Quarter Ended Mar 31, 2024
The company reported higher revenue compared to the immediately preceding quarter, continuing a pattern of sequential improvement. Year-over-year growth remained minimal, with the figure essentially flat against the same quarter last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
The company reported higher revenue compared to the immediately preceding quarter, continuing a pattern of sequential improvement. Year-over-year growth remained minimal, with the figure essentially flat against the same quarter last year.
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
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+0.3%
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 |
|---|---|---|
| Jun 30, 2023 | $5.9B | +5.6% |
| Sep 30, 2023 | $5.8B | +2.6% |
| Dec 31, 2023 | $5.6B | +1.1% |
| Mar 31, 2024 | $5.8B | +0.3% |
Revenue performance
Revenue increased from the prior quarter, reflecting positive momentum in the period. The filing context does not specify the drivers behind the sequential gain.
Quarterly comparison
Relative to the same quarter a year earlier, revenue growth was very modest. The sequential increase, however, reversed the decline seen in the trailing fourth quarter.
What to watch
Monitor whether year-over-year revenue growth can accelerate beyond the tepid pace observed this quarter.