Real Components Co GPC shares are buying and selling increased in premarket on Tuesday.
The corporate reported fourth-quarter income progress of three.3% year-on-year to $5.77 billion, beating the analyst consensus estimate of $5.71 billion.
The rise was pushed by a 3.2% profit from acquisitions, a web 0.6% favorable affect of overseas forex and different, partially offset by a 0.5% lower in comparable gross sales.
Automotive Components Group gross sales grew 6.1% Y/Y. Section EBITDA of $285 million decreased 6.2%, with section EBITDA margin of seven.8%, down 100 foundation factors from the identical interval of the prior yr.
Gross sales for the Industrial Components Group declined 1.2%. Section EBITDA of $271 million decreased 4.3% with section EBITDA margin of 12.9%, down 40 foundation factors yr over yr.
Adjusted EPS of $1.61 beat the consensus estimate of $1.55.
Gross revenue elevated 1.8% Y/Y to $2.1 billion. Promoting, administrative and different bills have been $1.69 billion, an 11.5% rise Y/Y.
Money and equivalents totaled $479.9 million as of December 31. Internet money generated from working actions for the twelve months totaled $1.25 billion.
The corporate’s Board of Administrators authorized a 3% improve in its common quarterly money dividend for 2025 from $1.00 to $1.03 per share, which is payable April 2, 2025, to shareholders of report March 7, 2025.
Attributable to expanded restructuring program, the corporate will incur about $150 million to $180 million in 2025, which is able to proceed to be reported as a non-recurring expense.
“Whereas the yr offered challenges attributable to macroeconomic circumstances and softer end-market demand, we remained centered on controlling what we may—advancing our strategic initiatives to strengthen the enterprise and successfully managing our operations,” mentioned President and CEO Will Stengel.
Outlook: Real Components sees FY25 income progress of two% – 4%. The corporate expects FY25 adjusted EPS of $7.75 – $8.25 versus the consensus of $8.29.
The corporate sees FY25 free money movement of $800 million – $1.0 billion and an working money movement of $1.2 billion – $1.4 billion.
Value Motion: GPC shares are buying and selling increased by 0.48% at $125.50 in premarket on the final verify Tuesday.
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