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GPC Reports Q1 2020 Results; COVID-19 Business Update
Company reports sales of $4.6 billion, down 3.7%; excluding divestitures, up 1.1%.
Company reports sales of $4.6 billion, down 3.7%; excluding divestitures, up 1.1%.
Sales in the first quarter of 2020 were $4.8 billion.
The company also provided an update on the impact of the coronavirus pandemic on its business.
First quarter 2020 reported net income was $243 million, or $1.02 per diluted share.
Fourth quarter sales went up 2.2% to $4.7 billion.
The company initiated full-year EPS guidance in a range of $7.65 to $8.05 per share.
The company reported U.S. GAAP revenue of $14.4 billion, a decrease of 1%.
Fourth quarter 2019 reported net income from continuing operations was $295 million, or $1.23 per diluted share.
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