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GPC October 21 , 2021 FOR IMMEDIATE RELEASE ● News Release Genuine Parts Company Reports Third Quarter 2021 Results Sales of $ 4.8 billion , Up 10.3 % Diluted EPS from Continuing Operations $ 1.59 Adjusted Diluted EPS from Continuing Operations $ 1.88 , Up 15 % and a New Record Returned Capital to Shareholders via Dividends and Share Repurchases Strengthened Balance Sheet and Strong Cash Flow Raises 2021 Outlook for Revenue Growth , Diluted EPS , Adjusted Diluted EPS and Free Cash Flow Third Quarter 2021 Results www.genpt.com ATLANTA - Genuine Parts Company ( NYSE : GPC ) announced today its results for the third quarter and nine months ended September 30 , 2021 . " We are pleased to report strong financial results in the third quarter , as the combination of our growth initiatives and the global market recovery drove positive sales trends , gross margin gains and improved operational efficiencies . Consistent execution of our strategic priorities also led to margin expansion and a second consecutive quarter of record earnings . The GPC team was largely able to manage through supply chain disruptions , allowing us to deliver quality customer service . In addition , we further improved our balance sheet and generated strong cash flow which allows for the ongoing deployment of 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 10.3 % increase compared to $ 4.4 billion in the same period of the prior year . The improvement is attributable to a 7.6 % increase in comparable sales , a 1.8 % benefit from acquisitions and a 0.9 % net favorable impact of foreign currency and other . disclosures . Net income from continuing operations was $ 228.6 million , or a diluted earnings per share of $ 1.59 . This compares to net income from continuing operations of $ 232.9 million , or $ 1.61 per diluted share in the prior year period . The Company's adjusted net income from continuing operations was $ 270.5 million , an increase of 14 % as compared to $ 236.8 million a year ago . On a per share diluted basis , adjusted net income from continuing operations was $ 1.88 , an increase of 15 % compared to $ 1.63 per diluted share last year¹ . 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 1