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GPC ● FOR IMMEDIATE RELEASE GENUINE PARTS COMPANY GENUINE PARTS COMPANY REPORTS SECOND QUARTER 2021 RESULTS NEWS RELEASE Sales of $ 4.8 billion , Up 25.1 % Diluted EPS from Continuing Operations $ 1.36 Adjusted Diluted EPS from Continuing Operations $ 1.74 , Up 32 % and a New Record Returned Capital to Shareholders via Dividends and Share Repurchases Strengthened Balance Sheet and Strong Cash Flow Adjusts 2021 Outlook for Revenue Growth , Diluted EPS and Adjusted Diluted EPS -- ATLANTA , July 22 , 2021 Genuine Parts Company ( NYSE : GPC ) announced today its results for the second quarter and six months ended June 30 , 2021 . Second Quarter 2021 Results " We are pleased to report a strong financial performance driven by the consistent execution of our strategic priorities and the ongoing recovery in the global markets . The second quarter was highlighted by strong sales trends , gross margin gains and improved operational efficiencies that drove margin expansion and record quarterly earnings . In addition , we effectively deployed capital for growth and productivity investments , bolt on acquisitions , the dividend and share repurchases , " said Paul Donahue , Chairman and Chief Executive Officer of Genuine Parts Company . Sales were $ 4.8 billion , a 25.1 % increase compared to $ 3.8 billion in the same period of the prior year . The improvement is attributable to a 19.5 % increase in comparable sales , a 4.1 % net favorable impact of foreign currency and other and a 1.5 % benefit from acquisitions . Net income from continuing operations was $ 196.5 million , or a diluted earnings per share of $ 1.36 . This compares to a net loss from continuing operations of $ 363.5 million , or $ 2.52 per diluted share in the prior year period . The Company's adjusted net income from continuing operations was $ 252.6 million , an increase of 33 % as compared to $ 190.5 million a year ago . On a per share diluted basis , adjusted net income from continuing operations was $ 1.74 , an increase of 32 % compared to $ 1.32 per diluted share last year¹ " Our 25 % total sales growth reflects the benefits of a strengthening global economy and positive sales environment in both our Automotive and Industrial businesses , " Mr. Donahue said . " Automotive posted our strongest growth , with record sales and double - digit sales comps in each region of our operations . Industrial sales were also strong , highlighted by an accelerated recovery and its fourth consecutive quarter of improving sales trends . Our team also executed well and produced our 15th consecutive quarter of gross margin 1 Adjusted net income from continuing operations , adjusted diluted net income from continuing operations per common share and free cash flow referred in this press release are non - GAAP financial measures . Please refer to the supplemental information presented below for reconciliations of the non - GAAP financial measures used in this release to the most comparable GAAP financial measure and related disclosures . ( Cont . )