GPC Raises Motion's 2022 Forecast after Big 3Q - Modern Distribution Management

Log In

GPC Raises Motion’s 2022 Forecast after Big 3Q

Sales growth at Motion Industries narrowly outpaced that of 2Q, with organic sales driving the majority of it, alongside a continued boost from Kaman Distribution Group.
Motion 1Q 2022 earnings

Genuine Parts Company reported its 2022 third-quarter financial results Oct. 20 for the three months ended Sept. 30, showing its industrial parts subsidiary, Motion Industries, continued to see major year-over-year sales gains driven by both organic business and the landmark early 2022 acquisition of Kaman Distribution Group.

GPC reported Motion 3Q sales of $2.2 billion, outpacing the $2.1 billion in 2Q and up 35.3% year-over-year — a slight acceleration from the 34.5% growth seen in 2Q. Of that 35.3% gain, 19.6% came from comparable sales, while the KDG addition contributed a 16.6% addition.

Motion’s segment profit of $243 million soared 46.3% year-over-year with margin of 11.1% that was up 80 basis points.

GPC said Motion saw double-digit 3Q sales growth across virtually all product categories and major industries served. It was the sixth consecutive quarter of double-digit comparable sales growth year-over-year, and the ninth consecutive quarter of margin expansion.

Meanwhile, GPC’s automotive subsidiary, NAPA Auto Parts, saw 3Q sales of $3.5 billion that grew 8.9% year-over-year, driven by a 9.2% increase in comparable sales and 5.3% contribution from acquisitions, while foreign currency and other headwinds had a 5.6% unfavorable impact. Segment profit of $309 million increased 10.0% year-over-year, with profit margin of 8.9% that was up 10 bps.

All together, GPC’s 3Q sales of $5.7 billion increased 17.8% year-over-year, reflecting a 12.7% increase in comparable sales and a 9.1$ benefit from acquisitions, while headwinds had a -4.0% impact. Net profit of $312 million topped the $229 million of a year earlier.

Looking ahead, GPC is forecasting full-year 2022 sales growth of 15% to 16%, up from the 12% to 14% issued in its 2Q report on July 27. The company expects Industrial sales growth of 31% to 32%, up considerably from the 26% to 28% issued after 2Q, while Automotive sales growth is expected to increase 7% to 8%, up from the 6% to 8% issued after 2Q.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.