Since 2020, around 1 million prospective new car buyers have left the market and aren't expected to return any time soon, according to The Wall Street Journal.
Before 2020, Americans were buying roughly 17 million cars and trucks per year, but that number is expected to be 16 million or fewer this year; analysts don't foresee those totals reaching 17 million again until the end of the decade or later. Stubborn inflation, high interest rates, and fuel costs have joined forces to keep more buyers on the sidelines, a concern for automakers.
That said, that dynamic can also be a boon for certain companies as more people hold on to their vehicles longer and pay for repairs rather than opting for a new vehicle. One company in particular that can benefit from that dynamic is Genuine Parts (GPC +2.52%).
Image source: Getty Images.
The beneficiary of sluggish new car sales
Genuine Parts is a global provider of automotive accessories, replacement parts, and solutions. The name may not sound familiar to some, but what's more familiar is its NAPA Auto Parts brand, which includes just under 6,000 company-owned and independently owned NAPA stores in the United States.
Those stores offer everything from batteries to brakes to motor oil. Through its auto care centers, NAPA also provides brake services, oil changes, transmission repairs, and more. Essentially, it genuinely helps keep cars and trucks on the roads longer as new car purchases are being delayed.
GPC Genuine Parts$127.93+$3.15 (+2.52%)
NYSE · As of 3:56 PM ET 10/22/26
Earnings results and a spinoff
On Oct. 20, Genuine reported its 2026 third-quarter earnings results, which the market did not care for. Revenue was $6.5 billion, a 4.2% increase from the prior-year period, while net income was $224 million, a decline of 0.9%. The stock price dropped 6.6% on the day, but there's a reason this may have created an opportunity for more aggressive investors.
In addition to its automotive division, Genuine has an industrial division that provides replacement parts and original equipment components under the Motion brand. To focus each segment of the company on what it does best, however, Genuine will separate its automotive and industrial divisions; the spinoff is expected to be finalized in the first quarter of 2027.
Focusing solely on the automotive sector can enable the automotive group to maintain a stronger focus, make faster decisions, and redeploy earnings directly back into its business.
The long-term plan
A $2,500 investment today could turn into meaningfully more, but there's no near-term forecast to offer, as current one-year price targets are still based on the company as a whole. This would be an investment for those considering holding the shares for years, as it will take time for the automotive division to show what it can do on its own, and markets will need some time to digest how to value the company after its split.
That said, as Genuine can benefit from fewer new cars being sold and from a renewed strategic focus through the upcoming spinoff, the catalysts are in place to make an investment today more valuable in the years ahead. As a bonus, the spinoff could also benefit the industrial division, and shareholders will receive a stake in it when the auto and industrial segments separate.
Společnost Genuine Parts zaznamenala ve 3. čtvrtletí 2026 v důsledku konfliktu v Íránu dopad na EBITDA ve výši 16 mil. USD; ve 4. čtvrtletí očekává další náklady ve výši 15–25 mil. USD.
Key Takeaways GPC's adjusted EBITDA margin held at 8.4% as elevated expenses offset gross margin.The Iran conflict cut third-quarter EBITDA by $16M, while additional costs are expected in the next quarter.GPC's planned 2027 separation could add $350 million in annual corporate costs.
Genuine Parts (GPC - Free Report) continues to face operating challenges following its third-quarter 2026 earnings release, as elevated expenses and uneven automotive demand weigh on profitability. While the company’s Industrial segment remains a growth driver, margin pressures and geopolitical disruptions are limiting its ability to translate sales gains into stronger earnings. The planned separation of its Automotive and Industrial businesses could also introduce high costs and execution risks.
Shares of GPC are down 6.4% over the past year compared with the industry’s 11.6% fall.
Image Source: Zacks Investment Research
Let’s examine the key factors weighing on GPC stock.
GPC Faces Persistent Cost Inflation and Margin PressureGenuine Parts continues to face elevated health care, freight, rent and wage expenses across its markets. Although pricing actions and sourcing efficiencies have helped offset product cost inflation, operating expenses continue to limit profitability. In the third quarter of 2026, adjusted gross margin expanded 70 basis points (bps) to 38.1%, but adjusted EBITDA margin remained flat at 8.4%, indicating that higher expenses absorbed the gross margin improvement.
The pressure was more evident in the Automotive segment. North America Automotive EBITDA declined 2.9%, while its EBITDA margin contracted 40 bps to 7.6%. Despite restructuring savings, persistent supplier cost increases and elevated freight and fuel expenses could continue to constrain margin expansion through the end of 2026.
Genuine Parts Faces Geopolitical and Tariff Cost PressuresThe Iran conflict has increased operating expenses and weakened automotive demand across key markets. Management estimated the conflict reduced third-quarter 2026 EBITDA by $16 million, or 9 cents per share, while lowering EBITDA margin by approximately 20 bps.
The cost burden has continued to accumulate. Fuel and diesel prices increased approximately 30% and 50%, respectively, year over year, while incremental conflict-related operating expenses reached around $35 million in the first nine months of 2026. Management expects an additional $15-$25 million in related costs in the fourth quarter.
Continued geopolitical uncertainty could further increase energy, freight and supplier expenses while weighing on consumer spending.
GPC’s Automotive Demand Remains UnevenGPC’s Automotive business faces an uncertain demand environment as consumers remain sensitive to fuel prices and weakening confidence. North America Automotive comparable sales growth slowed to 1.7% in the third quarter of 2026 from 2.6% in the second quarter. U.S. comparable sales increased just 1.8%, while NAPA retail comparable sales declined approximately 3%.
International markets also recorded modest growth, with comparable sales increasing 1.3% in Canada, 1.1% in Europe and 0.7% in Australasia. However, these gains have not eliminated concerns about the underlying weakness in automotive retail demand.
The combination of slower sales momentum and mounting operating expenses could further pressure Automotive profitability. Continued weakness in retail sales could make it harder for GPC to achieve a meaningful recovery in its Automotive business.
Genuine Parts’ Separation Raises Cost RisksGenuine Parts remains on track to separate its Automotive and Industrial businesses in the first quarter of 2027. Although the move is intended to sharpen strategic focus and allow each business to pursue distinct growth strategies, the transition is expected to bring substantial additional costs.
Following the separation, the Automotive business is expected to absorb roughly $250 million in additional corporate costs and dis-synergies, while Industrial is expected to incur approximately $100 million. Separation-related costs totaled $21 million before taxes in the third quarter of 2026, bringing the nine-month total to roughly $55 million.
These expenses primarily reflect advisory services, professional fees and other transition activities. The separation will also require distinct corporate functions, technology systems and capital structures, increasing execution requirements.
Given persistent cost inflation, uneven automotive demand and rising separation expenses, Genuine Parts faces significant challenges to improving profitability. These headwinds, coupled with a narrower earnings outlook, could weigh on future performance, making selling GPC stock the prudent approach.
Genuine Parts Company Price and ConsensusGPC's Zacks Rank & Key PicksGPC currently carries Zacks Rank #4 (Sell).
Some better-ranked stocks in the Auto space are Honda Motor (HMC - Free Report) , Lucid Group, Inc. (LCID - Free Report) and Toyota (TM - Free Report) . HMC sports a Zacks Rank #1 (Strong Buy), while LCID and TM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for HMC’s current-year earnings is pegged at $2.29 per share, indicating a 208.5% year-over-year increase. The estimate for earnings has moved northward over the past 60 days.
The Zacks Consensus Estimate for LCID’s current-year loss is pegged at $12.15 per share, 0.5% wider year over year. Its earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, with the average negative earnings surprise being 30.3%.
The Zacks Consensus Estimate for TM’s current fiscal-year earnings is pegged at $20.3 per share, indicating a 3.5% year-over-year increase. The estimate for earnings has moved down over the past 30 days.
Genuine Parts Co GPC released its 8-K filing on October 20, 2026, detailing its financial performance for the third quarter ended September 30, 2026. The company, renowned for its role as a distributor of automotive and industrial replacement parts, operates primarily through two segments: the Automotive Parts Group and the Industrial Parts Group.
In the automotive segment, the NAPA Auto Parts brand is a significant player, supplying a range of aftermarket parts and tools to both professional repair customers and DIY enthusiasts. The Industrial Parts Group, primarily branded as Motion, caters mainly to maintenance, repair, and original equipment manufacturer clients globally.
Performance Overview and Key ChallengesFor the third quarter, Genuine Parts Co reported revenue of $6.5 billion, reflecting a solid 4.2% increase compared to the $6.3 billion reported in the same quarter last year. This growth stemmed from a 2.9% rise in comparable sales, complemented by contributions from acquisitions and favorable foreign currency impacts. However, net income slightly declined to $224 million, or $1.62 per diluted share, unchanged from the previous year. The slight decrease in net income amidst revenue growth raises concerns about operational efficiency and cost management.
Challenges facing the company include navigating the impacts of global economic pressures and restructuring initiatives, particularly as it approaches its planned separation into two independent entities in early 2027. Adverse fluctuations in foreign currency and overall market conditions could pose additional hurdles for sustained growth. Investors should consider these factors closely, as they may impact future performance and profitability.
Key Financial AchievementsGenuine Parts Co marked notable financial milestones in the third quarter. Adjusted net income was reported at $286 million, translating to $2.07 per diluted share, an increase from $1.98 per diluted share year-over-year. This performance underscores the company’s ability to leverage organic growth and acquisitions effectively within the competitive automotive parts sector.
Furthermore, the company generated robust cash flow from operations amounting to $817 million, leading to a free cash flow of $502 million during the first nine months of 2026, all of which is critical for supporting ongoing investments and dividend payouts. The strong cash position also underpins the company's strategy amidst external economic pressures.
Below is a summary of the key financial details from the recent earnings report:
Analytical CommentaryOur third quarter performance demonstrates the strength of our market-leading businesses and our teams’ continued focus on serving customers and executing our strategic priorities," stated Will Stengel, Chairman and Chief Executive Officer.This statement illustrates the company's commitment to maintaining operational focus and strategic growth, which are essential in navigating its current challenges and market uncertainties.
GuruFocus Valuation CheckBased on the GuruFocus analysis, Genuine Parts Co currently has a GF Score of 81 out of 100, categorizing it as a strong investment opportunity. The stock is valued at $141.12 according to GuruFocus's metrics, while trading at $130.18, suggesting it is undervalued by approximately 7.8%. Such valuation indicates potential upside for investors considering entry at current price levels.
Additionally, the financial strength rating of 5 out of 10 suggests manageable risk, while a profitability rank of 7 out of 10 indicates stable earnings performance relative to peers in the industry. The growth rank of 6 out of 10 reflects solid market positioning, although the predictability score of 1 star points toward potential volatility in future earnings.
Notably, insider activity reflects caution, with reported insider sell transactions totaling $0.7 million over the last year, signaling that insiders may not be buying into their own company’s stock at this time. This could be interpreted as a need for vigilance from prospective investors regarding future performance.
To gain a thorough insight, visit the Genuine Parts Co stock page on GuruFocus for a more detailed analysis.
Explore the complete 8-K earnings release (here) from Genuine Parts Co for further details.
GuruFocus context: GuruFocus’ GF Value™ estimates fair value near $141.12 (7.8% undervalued); its GF Score™ is 81/100; 14 gurus currently hold the stock, with 7 adding and 7 trimming positions in recent quarters — guru 13F data Simply Wall St and Morningstar don’t have. See the full Genuine Parts Co GPC research.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Společnost Genuine Parts Company snížila celoroční výhled upraveného zisku na akcii pro rok 2026 na 7,50 až 7,75 USD z dřívějšího rozpětí 7,50 až 8,00 USD.
Narrows 2026 Outlook for Adjusted EPS to $7.50 to $7.75 from $7.50 to $8.00
, /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its results for the third quarter ended September 30, 2026.
"Our third quarter performance demonstrates the strength of our market leading businesses and our teams' continued focus on serving customers and executing our strategic priorities," said Will Stengel, Chairman and Chief Executive Officer. "We also achieved important milestones in our separation process and remain on track to launch GPC and Motion as two independent, leading companies in the first quarter of 2027."
Third Quarter 2026 Results
Sales were $6.5 billion, a 4.2% increase compared to $6.3 billion in the same period of the prior year. The improvement is attributable to a 2.9% increase in comparable sales, a 0.9% benefit from acquisitions and a net 0.4% favorable impact of foreign currency and other.
Net income was $224 million, or $1.62 per diluted earnings per share. This compares to net income of $226 million, or $1.62 per diluted share in the prior year period.
Adjusted net income was $286 million, or $2.07 per diluted earnings per share. Adjusted net income excludes $61 million of after-tax adjustments, or $0.45 per diluted share, which relates to costs associated with the company's global restructuring initiative and the planned separation of the company's Automotive and Industrial businesses. This compares to adjusted net income of $276 million, or $1.98 per diluted share in the prior year period. Refer to the reconciliation of GAAP net income to adjusted net income and GAAP diluted net income per common share to adjusted diluted net income per common share for more information.
Third Quarter 2026 Segment Highlights
North America Automotive Parts Group ("North America Automotive")
North America Automotive sales were $2.5 billion, up 2.2% from the same period in 2025. The improvement is primarily attributable to a 1.7% increase in comparable sales and a 1.1% benefit from acquisitions. This was partially offset by a 0.6% unfavorable impact of foreign currency and other. Segment EBITDA of $194 million decreased 2.9%, with segment EBITDA margin of 7.6%, down 40 basis points from the same period of the prior year.
International Automotive Parts Group ("International Automotive")
International Automotive sales were $1.6 billion, up 4.5% from the same period in 2025. The improvement is primarily attributable to a 1.7% benefit from acquisitions, a 1.7% favorable impact of foreign currency and a 1.1% increase in comparable sales. Segment EBITDA of $141 million increased 4.7%, with segment EBITDA margin of 9.0%, flat versus the same period of the prior year.
Industrial Parts Group ("Industrial")
Industrial sales were $2.4 billion, up 6.1% from the same period in 2025. The improvement is primarily attributable to a 5.5% increase in comparable sales, a 0.5% favorable impact of foreign currency and a 0.1% benefit from acquisitions. Segment EBITDA of $317 million increased 11.2%, with segment EBITDA margin of 13.2%, up 60 basis points from the same period of the prior year.
Year to Date 2026 Results
Sales for the nine months ended September 30, 2026 were $19.3 billion, up 5.6% from the same period in 2025. Net income for the nine months was $641 million, or $4.64 per diluted share. This compares to net income of $675 million, or $4.85 per diluted share in the prior year period. Adjusted net income was $827 million in the first nine months of 2026, compared to adjusted net income of $810 million in the prior year period. Adjusted diluted earnings per share were $5.99 compared to $5.82 in the prior year period.
Balance Sheet, Cash Flow and Capital Allocation
The company generated cash flow from operations of $817 million for the first nine months of 2026. Net cash used in investing activities was $361 million, including $314 million for capital expenditures and $69 million for acquisitions. Net cash used in financing activities was $139 million, including net proceeds of debt (including net commercial paper) of $338 million, partially offset by $434 million for quarterly dividends paid to shareholders. Free cash flow was $502 million for the first nine months of 2026. Refer to the reconciliation of GAAP net cash provided by operating activities to free cash flow for more information.
As of September 30, 2026, total liquidity was $2.4 billion, consisting of $763 million in cash, and $1.6 billion of available capacity under the company's $2.0 billion Revolving Credit Agreement. This reflects $389 million outstanding under our commercial paper program.
2026 Outlook
The company is narrowing the range for adjusted diluted earnings per share outlook from its previous full-year 2026 outlook provided in its earnings releases on February 17, 2026, April 21, 2026 and July 21, 2026. The company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in updating its outlook, which is outlined in the table below. The updated GAAP earnings-per-share outlook includes expected costs associated with the company's restructuring initiatives, and includes costs related to the planned separation that have been incurred year-to-date.
For the Year Ending December 31, 2026
Previous Outlook
Updated Outlook
Total sales growth
3% to 5.5%
3% to 5.5%
North America Automotive sales growth
2.5% to 4.5%
2.5% to 4.5%
International Automotive sales growth
5% to 8%
5% to 8%
Industrial sales growth
3% to 6%
3% to 6%
Diluted earnings per share
$5.90 to $6.40
$5.60 to $5.85
Adjusted diluted earnings per share
$7.50 to $8.00
$7.50 to $7.75
Effective tax rate
Approx. 24%
Approx. 24%
Net cash provided by operating activities
$1.0 billion to $1.2 billion
$1.0 billion to $1.2 billion
Free cash flow
$550 million to $700 million
$550 million to $700 million
Non-GAAP Information
This release contains certain financial information not derived in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These items include adjusted net income, adjusted diluted net income per common share, adjusted selling, administrative, and other expenses, and free cash flow. The company believes that the presentation of adjusted net income, adjusted diluted net income per common share, adjusted selling, administrative and other expenses and free cash flow, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provides meaningful supplemental information to both management and investors that is indicative of the company's core operations. The company considers these metrics useful to investors because they provide greater transparency into management's view and assessment of the company's ongoing operating performance by removing items management believes are not representative of the company's continuing operations and may distort the company's longer-term operating trends. The company believes these measures are useful and enhance the comparability of the results from period to period and with the company's competitors, as well as show ongoing results from operations distinct from items that are infrequent or not associated with the company's core operations. The company does not, nor does it suggest investors should, consider such non-GAAP financial measures as superior to, in isolation from, or as a substitute for, GAAP financial information. The company has included a reconciliation of this additional information to the most comparable GAAP measure following the financial statements below. The company does not provide a forward-looking outlook for certain financial measures on a GAAP basis because the company is unable to predict certain items contained in the GAAP measures without unreasonable efforts. These items may include separation costs, acquisition-related costs, litigation charges or settlements, impairment charges, restructuring costs and certain other unusual adjustments.
Comparable Sales
Comparable sales is a key metric that refers to period-over-period comparisons of the company's net sales excluding the impact of acquisitions, foreign currency and other. The company's calculation of comparable sales is computed using total business days for the period and is inclusive of sales from company-owned stores and sales into independent stores. The company considers this metric useful to investors because it provides greater transparency into management's view and assessment of the company's core ongoing operations. This is a metric that is widely used by analysts, investors and competitors; however the company's calculation of the metric may not be comparable to similar measures disclosed by other companies, because not all companies and analysts calculate this metric in the same manner.
Conference Call
Genuine Parts Company will hold a conference call today at 8:30 a.m. Eastern Time to discuss the results of the quarter. A supplemental earnings deck will also be available for reference. Interested parties may listen to the call and view the supplemental earnings deck on the company's investor relations website. The call is also available by dialing 800-836-8184. A replay of the call will be available on the company's website or toll-free at 888-660-6345, conference ID 26206#, two hours after the completion of the call.
About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across North America, Europe and Australasia, while our Industrial Parts Group serves customers across North America and Australasia. We keep the world moving with a vast network of over 10,800 locations spanning 17 countries supported by more than 65,000 teammates. Learn more at genpt.com.
Forward-Looking Statements
Some statements in this release, as well as in other materials the company files with the Securities and Exchange Commission ("SEC"), release to the public, or make available on the company's website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," or similar expressions are intended to identify such forward-looking statements. These forward-looking statements include the company's view of business and economic trends for the remainder of the year and the company's expectations regarding its ability to capitalize on these business and economic trends; the company's full-year 2026 outlook and the company's ability to successfully execute on its strategic priorities, including the company's anticipated separation of Global Automotive and Global Industrial into two independent, publicly traded companies. Senior officers may also make verbal statements to analysts, investors, the media and others that are forward-looking.
The company cautions you that all forward-looking statements involve risks and uncertainties, and while the company believes its expectations for the future are reasonable in view of currently available information, you are cautioned not to place undue reliance on the company's forward-looking statements. Actual results or events may differ materially from those indicated as a result of various important factors. Such factors may include, among other things, changes in general economic conditions, including persistent inflation (including the direct and indirect impact of tariffs and retaliatory tariffs) or deflation, geopolitical uncertainty and unrest (including from the conflict involving the United States and Iran) and declining consumer confidence; the company's ability to successfully implement the separation of Global Automotive and Global Industrial and achieve the anticipated benefits of such transaction; volatility in oil prices; significant costs, such as elevated fuel and freight expenses; the company's ability to maintain compliance with its debt covenants; its ability to successfully integrate acquired businesses into its operations and to realize the anticipated synergies and benefits; its ability to successfully implement its business initiatives in its three business segments; slowing demand for its products; the ability to maintain favorable supplier arrangements and relationships; changes in national and international legislation or government regulations or policies, including changes to global trade regulations, environmental and social policy, infrastructure programs and privacy legislation and related uncertainties, and their impact on the company, its suppliers and customers; changes in tax policies; volatile exchange rates; the company's ability to successfully attract and retain employees in the current labor market; uncertain credit markets and other macroeconomic conditions; competitive product, service and pricing pressures; failure or weakness in the company's disclosure controls and procedures and internal controls over financial reporting; the uncertainties and costs of litigation; public health emergencies, including the effects on the financial health of the company's business partners and customers, on supply chains and its suppliers, on vehicle miles driven as well as other metrics that affect the company's business, and on access to capital and liquidity provided by the financial and capital markets; disruptions caused by a failure or breach of the company's information systems; the success of its global restructuring efforts and the annualized cost savings arising therefrom, as well as other risks and uncertainties discussed in the company's Annual Report on Form 10-K and from time to time in its subsequent filings with the SEC.
Forward-looking statements speak only as of the date they are made, and the company undertakes no duty to update any forward-looking statements except as required by law. You are advised, however, to review any further disclosures the company makes on related subjects in subsequent Forms 10-K, 10-Q, 8-K and other reports filed with the SEC.
GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands, except per share data)
2026
2025
2026
2025
Net sales
$ 6,521,308
$ 6,260,232
$ 19,323,199
$ 18,290,726
Cost of goods sold
4,037,033
3,918,830
12,029,253
11,451,252
Gross profit
2,484,275
2,341,402
7,293,946
6,839,474
Operating expenses:
Selling, administrative and other expenses
1,944,518
1,805,928
5,718,856
5,286,802
Depreciation and amortization
137,490
127,475
403,234
365,928
Provision for doubtful accounts
9,238
6,871
27,339
20,351
Restructuring and other costs
64,545
66,835
193,426
167,317
Total operating expenses
2,155,791
2,007,109
6,342,855
5,840,398
Non-operating expense (income):
Interest expense, net
45,970
40,342
135,723
117,769
Other
3,866
2,258
(2,503)
(580)
Total non-operating expense
49,836
42,600
133,220
117,189
Income before income taxes
278,648
291,693
817,871
881,887
Income taxes
54,201
65,522
177,331
206,444
Net income
$ 224,447
$ 226,171
$ 640,540
$ 675,443
Dividends declared per common share
$ 1.0625
$ 1.03
$ 3.1875
$ 3.09
Basic earnings per share
$ 1.63
$ 1.63
$ 4.65
$ 4.86
Diluted earnings per share
$ 1.62
$ 1.62
$ 4.64
$ 4.85
Weighted average common shares
outstanding
137,862
139,099
137,753
138,959
Dilutive effect of stock options and non-
vested restricted stock awards
469
307
351
298
Weighted average common shares
outstanding – assuming dilution
138,331
139,406
138,104
139,257
GENUINE PARTS COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(UNAUDITED)
The following table presents net sales by segment and a reconciliation from segment EBITDA to net
income:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2026
2025
2026
2025
Net sales:
North America Automotive
$ 2,540,319
$ 2,484,591
$ 7,440,587
$ 7,193,749
International Automotive
1,572,392
1,505,197
4,746,020
4,373,208
Industrial
2,408,597
2,270,444
7,136,592
6,723,769
Segment EBITDA:
North America Automotive
193,860
199,626
558,393
543,121
International Automotive
141,394
135,078
436,230
415,082
Industrial
316,927
285,015
947,494
851,865
Corporate EBITDA (1)
(103,521)
(93,374)
(330,859)
(263,131)
Interest expense, net
(45,970)
(40,342)
(135,723)
(117,769)
Depreciation and amortization
(137,490)
(127,475)
(403,234)
(365,928)
Other unallocated costs
(86,552)
(66,835)
(254,430)
(181,352)
Income before income taxes
278,648
291,693
817,871
881,887
Income taxes
(54,201)
(65,522)
(177,331)
(206,444)
Net income
$ 224,447
$ 226,171
$ 640,540
$ 675,443
(1)
Corporate EBITDA consists of costs related to the company's Corporate headquarters' broad support to the company's business units and other costs that are managed centrally and not allocated to business segments. These include personnel and other costs for company-wide functions such as executive leadership, human resources, technology, cybersecurity, legal, corporate finance, internal audit, and risk management, as well as product liability costs and A/R Sales Agreement fees.
The following table presents a summary of the other unallocated costs:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2026
2025
2026
2025
Other unallocated costs:
Restructuring and other costs (2)
$ (64,545)
$ (66,835)
$ (193,426)
$ (167,317)
Separation costs (3)
(21,204)
—
(54,912)
—
Acquisition and integration related
costs and other (4)
(803)
—
(6,092)
(14,035)
Total other unallocated costs
$ (86,552)
$ (66,835)
$ (254,430)
$ (181,352)
(2)
Amount reflects costs related to our global restructuring initiative which includes employee severance and other termination benefits, and the rationalization and optimization of certain distribution centers, stores and other facilities.
(3)
Amount primarily reflects legal and professional services and executive incentive plan costs related to the planned separation of the company's Global Automotive and Global Industrial businesses that was announced on February 17, 2026 and is targeted for completion in the first quarter of 2027.
(4)
Amount primarily reflects lease and other exit costs related to the integration of acquired independent automotive stores.
GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(in thousands, except share and per share data)
September 30, 2026
December 31, 2025
Assets
Current assets:
Cash and cash equivalents
$ 763,151
$ 477,179
Trade accounts receivable, net
2,619,491
2,370,939
Merchandise inventories, net
6,435,802
6,071,996
Prepaid expenses and other current assets
1,632,361
1,644,620
Total current assets
11,450,805
10,564,734
Goodwill
3,206,231
3,188,815
Other intangible assets, net
1,743,938
1,855,714
Property, plant and equipment, net
2,161,387
2,172,140
Operating lease assets
2,062,454
2,084,487
Other assets
872,340
929,650
Total assets
$ 21,497,155
$ 20,795,540
Liabilities and equity
Current liabilities:
Trade accounts payable
$ 6,394,876
$ 6,051,882
Short-term borrowings
388,088
943,540
Current portion of long-term debt
250,000
353,788
Dividends payable
148,074
143,291
Other current liabilities
2,180,515
2,295,204
Total current liabilities
9,361,553
9,787,705
Long-term debt
4,472,149
3,498,423
Operating lease liabilities
1,713,902
1,739,478
Pension and other post–retirement benefit liabilities
218,787
219,270
Deferred tax liabilities
368,353
385,948
Other long-term liabilities
703,492
724,353
Equity:
Preferred stock, par value – $1 per share; authorized –
10,000,000 shares; none issued
—
—
Common stock, par value – $1 per share; authorized –
450,000,000 shares; issued and outstanding – 2026 –
137,864,682 shares; 2025 – 137,617,832 shares
137,865
137,618
Additional paid-in capital
259,505
228,370
Accumulated other comprehensive loss
(518,474)
(511,766)
Retained earnings
4,770,080
4,568,769
Total parent equity
4,648,976
4,422,991
Noncontrolling interests in subsidiaries
9,943
17,372
Total equity
4,658,919
4,440,363
Total liabilities and equity
$ 21,497,155
$ 20,795,540
GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
Nine Months Ended
September 30,
(in thousands)
2026
2025
Operating activities:
Net income
$ 640,540
$ 675,443
Adjustments to reconcile net income to net cash provided by (used in)
operating activities:
Depreciation and amortization
403,234
365,928
Share-based compensation
45,095
37,183
Other operating activities, including changes in operating assets and
liabilities
(272,222)
(567,865)
Net cash provided by operating activities
816,647
510,689
Investing activities:
Purchases of property, plant and equipment
(314,476)
(350,443)
Proceeds from sale of property, plant and equipment
28,070
21,085
Acquisitions of businesses
(69,450)
(181,987)
Proceeds from divestitures of businesses
6,885
59
Other investing activities
(12,105)
23,335
Net cash used in investing activities
(361,076)
(487,951)
Financing activities:
Proceeds from debt
1,291,217
44,600
Payments on debt
(997,776)
(567,368)
Net proceeds of commercial paper
44,968
886,175
Shares issued from employee incentive plans
(13,713)
(16,316)
Dividends paid
(434,446)
(420,571)
Other financing activities
(29,283)
(20,237)
Net cash used in financing activities
(139,033)
(93,717)
Effect of exchange rate changes on cash and cash equivalents
(30,566)
22,347
Net increase (decrease) in cash and cash equivalents
285,972
(48,632)
Cash and cash equivalents at beginning of period
477,179
479,991
Cash and cash equivalents at end of period
$ 763,151
$ 431,359
GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED NET INCOME AND GAAP
DILUTED NET INCOME PER COMMON SHARE TO ADJUSTED DILUTED NET INCOME PER
COMMON SHARE
(UNAUDITED)
The table below represents a reconciliation from GAAP net income to adjusted net income:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2026
2025
2026
2025
GAAP net income
$ 224,447
$ 226,171
$ 640,540
$ 675,443
Adjustments:
Restructuring and other costs (1)
64,545
66,835
193,426
167,317
Separation costs (2)
21,204
—
54,912
—
Acquisition and integration related
costs and other (3)
803
—
6,092
14,035
Total adjustments
86,552
66,835
254,430
181,352
Tax impact of adjustments (4)
(25,053)
(17,411)
(68,239)
(46,340)
Adjusted net income
$ 285,946
$ 275,595
$ 826,731
$ 810,455
The table below represents amounts per common share assuming dilution:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands, except per share data)
2026
2025
2026
2025
GAAP diluted net income per common
share
$ 1.62
$ 1.62
$ 4.64
$ 4.85
Adjustments:
Restructuring and other costs (1)
0.47
0.48
1.40
1.20
Separation costs (2)
0.15
—
0.40
—
Acquisition and integration related
costs and other (3)
0.01
—
0.04
0.10
Total adjustments
0.63
0.48
1.84
1.30
Tax impact of adjustments (4)
(0.18)
(0.12)
(0.49)
(0.33)
Adjusted diluted net income per
common share
$ 2.07
$ 1.98
$ 5.99
$ 5.82
Weighted average common shares
outstanding – assuming dilution
138,331
139,406
138,104
139,257
(1)
Amount reflects costs related to our global restructuring initiative which includes employee severance and other termination benefits, and the rationalization and optimization of certain distribution centers, stores and other facilities.
(2)
Amount primarily reflects legal and professional services and executive incentive plan costs related to the planned separation of our Global Automotive and Global Industrial businesses that was announced on February 17, 2026 and is targeted for completion in the first quarter of 2027.
(3)
Amount primarily reflects lease and other exit costs related to the integration of acquired independent automotive stores.
(4)
We determine the tax effect of non-GAAP adjustments by considering the tax laws and statutory income tax rates applicable in the tax jurisdictions of the underlying non-GAAP adjustments, including any related valuation allowances. For the three and nine months ended September 30, 2026, we applied the statutory income tax rates to the taxable portion of all of our adjustments, which resulted in a tax impact of $25 million and $68 million, respectively.
The table below clarifies where the items that have been adjusted above to improve comparability of the
financial information from period to period are presented in the condensed consolidated statements of
income.
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2026
2025
2026
2025
Line item:
Cost of goods sold
$ 803
$ —
$ 6,092
$ —
Selling, administrative and other
expenses
21,204
—
54,912
14,035
Restructuring and other costs
64,545
66,835
193,426
167,317
Total adjustments
$ 86,552
$ 66,835
$ 254,430
$ 181,352
GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP SELLING, ADMINISTRATIVE AND OTHER EXPENSES TO
ADJUSTED SELLING, ADMINISTRATIVE AND OTHER EXPENSES
(UNAUDITED)
The table below represents a reconciliation from GAAP selling, administrative and other expenses to
adjusted selling, administrative and other expenses:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)
2026
2025
2026
2025
GAAP selling, administrative and
other expenses
$ 1,944,518
$ 1,805,928
$ 5,718,856
$ 5,286,802
Adjustments:
Separation costs
(21,204)
—
(54,912)
—
Acquisition and integration related
costs and other
—
—
—
(14,035)
Total adjustments (1)
(21,204)
—
(54,912)
(14,035)
Adjusted selling, administrative and
other expenses
$ 1,923,314
$ 1,805,928
$ 5,663,944
$ 5,272,767
Net sales
$ 6,521,308
$ 6,260,232
$ 19,323,199
$ 18,290,726
GAAP SG&A expenses as a
percentage of net sales
29.8 %
28.8 %
29.6 %
28.9 %
Adjusted SG&A expenses as a
percentage of net sales
29.5 %
28.8 %
29.3 %
28.8 %
(1)
Refer to the explanation of adjustments included within the reconciliation of GAAP net income to adjusted net income table for further information.
GENUINE PARTS COMPANY AND SUBSIDIARIES
CHANGE IN NET SALES SUMMARY
(UNAUDITED)
Three Months Ended September 30, 2026
Comparable
Sales
Acquisitions
Foreign
Currency
Other
GAAP Total
Net Sales
North America Automotive
1.7 %
1.1 %
(0.3) %
(0.3) %
2.2 %
International Automotive
1.1 %
1.7 %
1.7 %
— %
4.5 %
Industrial
5.5 %
0.1 %
0.5 %
— %
6.1 %
Total Net Sales
2.9 %
0.9 %
0.5 %
(0.1) %
4.2 %
Nine Months Ended September 30, 2026
Comparable
Sales
Acquisitions
Foreign
Currency
Other
GAAP Total
Net Sales
North America Automotive
2.2 %
1.3 %
0.1 %
(0.2) %
3.4 %
International Automotive
0.9 %
2.1 %
5.5 %
— %
8.5 %
Industrial
5.1 %
0.2 %
0.8 %
— %
6.1 %
Total Net Sales
2.9 %
1.1 %
1.7 %
(0.1) %
5.6 %
GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(UNAUDITED)
Analytici očekávají, že společnost Genuine Parts ve 3. čtvrtletí vykáže EPS ve výši 2,09 USD, což představuje meziroční růst o 5,6 %, a tržby ve výši 6,5 miliardy USD (+3,8 % meziročně).
Wall Street analysts expect Genuine Parts (GPC - Free Report) to post quarterly earnings of $2.09 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $6.5 billion, up 3.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Genuine Parts metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Automotive' to come in at $4.13 billion. The estimate indicates a change of +3.5% from the prior-year quarter.
The consensus among analysts is that 'Net Sales- Industrial' will reach $2.38 billion. The estimate indicates a change of +4.9% from the prior-year quarter.
The consensus estimate for 'Net Sales- North America- Automotive' stands at $2.56 billion. The estimate points to a change of +2.9% from the year-ago quarter.
Analysts forecast 'Segment EBITDA- Automotive' to reach $343.50 million. Compared to the current estimate, the company reported $334.70 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Segment EBITDA- Industrial' should come in at $314.21 million. Compared to the current estimate, the company reported $285.02 million in the same quarter of the previous year.
View all Key Company Metrics for Genuine Parts here>>>
Shares of Genuine Parts have experienced a change of +0.9% in the past month compared to the +1.4% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), GPC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Genuine Parts připravuje oddělení na samostatné automotive a industrial podniky. Automotive mezitím modernizuje americký dodavatelský řetězec a letos otevírá dvě nová distribuční centra.
5 Dividend Kings to Buy in July with Irresistible Value and YieldGenuine Parts NYSE: GPC executives outlined leadership plans, operating priorities and separation preparations as the company moves toward creating standalone automotive and industrial businesses.
Chairman and Chief Executive Officer Will Stengel said the leadership selections were designed around aligning talent with business strategy, maintaining continuity and ensuring Motion can operate as a public company immediately following the separation.
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Don’t Try to Catch These 3 Falling KnivesStengel is set to become chairman and CEO of Motion, the industrial business, while Bert Nappier, currently executive vice president, chief financial officer and chief operating officer, will take on expanded responsibilities on the automotive side. The company also named Court as CEO-elect of GPC's automotive business. Stengel said Court brings automotive experience, distribution expertise, board familiarity and experience in supply chain, technology, global sourcing and e-commerce.
Motion Focused on Organic Growth and Bolt-On Deals Stengel said Motion's strategy is already established and will not undergo a major change because of the separation. He highlighted opportunities to expand wallet share with existing customers, improve margins through pricing and sourcing, and pursue acquisitions.
The Hidden Value in Genuine Parts Company’s Spin-Off Plan“The special sauce of Motion is just the way in which it interacts with its customers,” Stengel said, describing the company as deeply embedded in customers’ operations.
Motion expects bolt-on acquisitions to be its primary M&A focus initially, given the fragmentation of its markets. Stengel said the company has demonstrated it can complete larger transactions, citing the KDG acquisition, but stressed that management will remain disciplined in deploying M&A capital.
Data-center infrastructure is not currently a material part of Motion’s business, according to Stengel. However, he said the company sees a medium-term opportunity through offerings such as hose fittings and specialty solutions, supported by relationships with hyperscale customers and suppliers.
Stengel also welcomed Howard Yu as Motion’s CFO. Yu previously led a spin-off from Danaher and brings public-company, capital-markets and capital-allocation experience, Stengel said.
Automotive Priorities Include U.S. Supply Chain Modernization Nappier said the automotive business is preparing for day-one readiness while maintaining momentum in its current operations. Its priorities include supply-chain modernization, sales excellence and continued improvements at company-owned stores.
The company has two new U.S. distribution centers coming online this year and has approved three more. One returns-oriented distribution center opened in August, while a core distribution center is expected to open later in the fall. Nappier said the company expects to redesign its North American network over time, potentially reducing the current footprint of about 60 distribution centers while increasing efficiency and technology use.
Genuine Parts has also built a robotics lab outside Atlanta where vendors can test technologies, including robotics and shelf-moving systems. Nappier said the company expects to fund its U.S. supply-chain investment within its existing capital-expenditure envelope by reallocating spending previously directed to international projects.
On sales, Nappier said the company is focused on gaining wallet share, improving field execution and supporting its independent owners. Independent owners account for about 60% of the company’s North American automotive footprint.
Stengel said the company is in “inning one” of applying the tools used in company-owned stores to its independent-owner network. He pointed to company-owned store performance that improved from a negative 0.5% comparable-sales result two years ago to mid-single-digit comparable growth at the start of the year. Nappier added that the top quartile of independent owners posted 5% growth in the second quarter.
Separation Work Remains on Track Nappier said the separation program is divided into three areas: operational separation work, regulatory and audit requirements, and capital-markets preparation. A dedicated project-management team is handling contract and systems separation, as well as process redesign, while the operating teams continue to serve customers and execute the day-to-day business.
The standalone audit for Motion and the company’s Form 10 filing are in progress, and Nappier said SEC-related work is on track. He said the company does not currently see anything that would move the expected first-quarter timing, although the SEC review process remains outside the company’s control.
Automotive and Motion investor days are scheduled for Dec. 8 and Dec. 9, respectively, in New York.
Management is targeting investment-grade credit ratings for both companies. Nappier said Motion is expected to emphasize organic growth and M&A, followed by capital expenditures and shareholder returns. Automotive is expected to prioritize capital spending, particularly for its U.S. supply chain, while continuing to pursue bolt-on acquisitions in Europe and potentially the U.S.
The company has not yet announced specific dividend policies for the separate businesses. Nappier said management is reviewing capital allocation with “no sacred cows” and plans to provide more detail at the December investor days.
Demand, Pricing and Margin Commentary Stengel said the company has seen sequential improvement in its automotive business through the first half and no material change from the demand trends it previously disclosed. He noted that approximately 80% of the automotive business is business-to-business, limiting its exposure to retail do-it-yourself demand trends.
Management expects pricing to remain a low-single-digit benefit for both businesses for the balance of the year. While commodity-related price pressures could create some additional lift, Stengel said the company intends to remain methodical in passing through increases to customers.
Nappier declined to provide 2027 guidance but said both businesses have opportunities for operating-profit and margin expansion through gross-margin initiatives, cost management, sales capabilities and improved inventory availability. He also said the company is taking a measured approach to artificial intelligence, focusing initially on data governance and applications that could improve inventory management, operating efficiency and sales-force productivity.
About Genuine Parts (NYSE:GPC)Genuine Parts Company NYSE: GPC is a global distributor of automotive and industrial replacement parts. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves professional customers, businesses and consumers through a broad network of distribution centers, stores and service locations.
Through its automotive parts operations, including the NAPA brand in North America and other regional businesses, Genuine Parts distributes replacement parts, accessories, tools and equipment for cars, trucks and other vehicles.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Walmart zvyšuje dividendu každý rok od roku 1974 a je jediným Dividend Kingem v tomto triu. Ve 2. čtvrtletí tržby vzrostly o 5,94 % na 187,94 miliardy USD a firma zvýšila celoroční výhled upraveného EPS na 2,80 až 2,87 USD.
One name in this trio has raised its dividend every single year since 1974, but the other two still make a compelling case for your income portfolio despite very different risks lurking beneath their payouts.
Three consumer-facing dividend payers span retail, tobacco and parts distribution. But only one of them clears the 50-year continuous-raise bar that defines Dividend King status. Walmart (NYSE:WMT | WMT Price Prediction) has lifted its payout every year since 1974, and dividend records show an uninterrupted quarterly history through Aug. 21 that supports a streak exceeding 50 years. Pair that pedigree with Altria (NYSE:MO) for ultra-high current income and Genuine Parts (NYSE:GPC) for industrial and aftermarket diversification, and you get a three-name income sleeve where dividend safety does the heavy lifting.
Walmart: The Dividend King in the Bundle Walmart carries a current dividend yield of 0.93% at a share price of $106.51, with a forward annualized dividend of 99 cents off a most recent quarterly payment of 24 cents paid on Sept. 8. That is a modest headline number, but this is the income grower of the group.
Safety is the story. Walmart’s trailing net income supports the payout at a comfortable multiple, and management said on the fiscal Q2 call that the company expects “double-digit growth in free cash flow this year.” The balance sheet is investment-grade with debt/equity of 0.67, net debt/EBITDA of 1x, and interest coverage of 11x, and management just reauthorized a fresh $30 billion buyback in February 2026 with $25.1 billion remaining after Q2. On top of that, Walmart raised full-year guidance to adjusted EPS of $2.80 to $2.87, and Q2 delivered revenue of $187.94 billion, up 5.94% year over year, with global e-commerce growth of 23%.
The bull case for income investors is compounding. CEO John Furner said “The model’s working and we’re confident in its power to drive durable, long-term growth in shareholder value.” With a market cap near $852.6 billion, Walmart is comfortably the largest Dividend King in this bundle, and the combination of grocery scale, high-margin advertising and marketplace revenue, and consistent dividend hikes turns a small starting yield into meaningful yield-on-cost over a decade of ownership.
Risk: The valuation is rich. Walmart trades at a trailing P/E near 39 and forward P/E near 37, with a P/FCF of 57, so total return depends on continued e-commerce and margin execution rather than multiple expansion.
Altria: Ultra-High-Yield Income With Eyes Open Altria offers a current dividend yield of 6.45%, placing it firmly in ultra-high-yield territory. The latest declared quarterly dividend is $1.11 per share, payable Oct. 9, up from the prior $1.06, taking the annualized forward payout to $4.44. Altria’s own press materials cite 60 dividend increases in the past 56 years, which is a long record of raises but not a continuous 50-plus-year streak, so treat this as a long-running payer rather than a Dividend King.
Payout coverage looks manageable against earnings power. Altria reaffirmed 2026 adjusted diluted EPS guidance of $5.61 to $5.72, a growth rate of 3.5% to 5.5% from a 2025 base of $5.42, and Q2 adjusted OCI margins in smokable products came in at 64.8%. Cash generation is prolific: Altria returned nearly $3.9 billion to shareholders through dividends and buybacks in the first half of 2026, including approximately $3.6 billion in dividends. Leverage is disciplined at debt-to-EBITDA of 1.9 times as of June 30, in line with the roughly two-times target, though shareholders’ equity is negative at -$3.21 billion in Q1 2026 because of years of aggressive buybacks and asset write-downs.
The bull case is unambiguous: this is a cash-return machine with pricing power. Marlboro retail pricing was up about 7% year over year in Q2, and shares have returned 22.02% year to date on top of the yield. CFO Heather Newman said, “We remain committed to returning significant value to shareholders.”
Risk: The underlying business is in secular volume decline. Management estimated domestic cigarette industry volumes fell 5% in both Q2 and the first half, and Altria took $2.2 billion in non-cash impairments on its e-vapor investments in FY25. Sustaining the dividend requires pricing to outrun volume every year, and that math gets harder over time.
Genuine Parts: Aftermarket Compounder With a Long Raise Record Genuine Parts yields 3.15% at a share price of around $135, with a quarterly dividend of $1.0625 per share payable Oct. 2 and an annualized forward payout of $4.25. Dividend records show uninterrupted quarterly payments from 1999 through Sept. 4, with annual per-share amounts rising from 26 cents in 1999 to $1.0625 in 2026, consistent with the company’s long-running pattern of annual increases across retail, industrial, and international automotive aftermarket cycles.
Coverage looks healthy on an adjusted basis. Genuine Parts reaffirmed 2026 adjusted diluted EPS guidance of $7.50 to $8.00, projected operating cash flow of $1.0 to $1.2 billion and free cash flow of $550 to $700 million, and returned $288 million to shareholders in dividends during the first half of 2026. Q2 revenue reached $6.54 billion, up 6.0%, and the Industrial segment posted EBITDA growth of approximately 10% with EBITDA margin up 30 basis points to 13.1%. The balance sheet carries cash of $559.1 million and shareholders’ equity of $4.54 billion.
The bull case for income investors is diversification plus optionality. GPC gives you a mix of NAPA auto parts and Motion industrial distribution, and shares have advanced 12.08% year to date even as the automotive backdrop stayed choppy. CEO Will Stengel described industrial results as reflecting “a strong second quarter, reflecting focused teamwork and disciplined execution across the businesses.” The planned separation of Global Automotive and Global Industrial into two independent public companies, targeted for Q1 2027, could unlock a valuation rerating for the industrial side.
Risk: That same separation is the biggest overhang. Restructuring and separation costs pressured GAAP EPS in Q2, with $92.61 million in pre-tax charges, and the post-separation dividend policy of the two successor companies is not yet defined, so long-time holders should expect the combined payout to be reshaped rather than automatically preserved on today’s schedule.
Bundle Takeaway Walmart anchors the bundle as the verified Dividend King, trading dividend size for dividend durability and reinvestment firepower. Altria brings the 6.1% headline yield, backed by fortress cash returns but tethered to a shrinking combustible-cigarette base. Genuine Parts sits in the middle with a mid-single-digit yield, a long raise history, and a 2027 spin that could reset how the payout is packaged. Together, the three cover retail scale, tobacco cash flow, and industrial-plus-aftermarket exposure, and each one still earns its place in an income sleeve on its own merits (if you want to see how we rank the full Dividend Kings roster by valuation right now, our free report is here).
Contact [email protected] for any questions or corrections.
Genuine Parts Company oznámila nové vedení pro divize Automotive a Industrial před plánovaným rozdělením na dvě veřejně obchodované společnosti, které má být dokončeno v 1. čtvrtletí 2027.
Schedules December Investor Days to Highlight GPC and Motion Growth and Value Creation Initiatives
Separation Remains on Track for Completion in First Quarter 2027
, /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, today announced future leadership teams and Board leadership for its Automotive and Industrial businesses as it advances its planned separation into two independent, publicly traded companies.
Upon completion of the separation, the company's Automotive business will operate as Genuine Parts Company ("GPC"), and its Industrial business will operate as Motion.
Court Carruthers, a current GPC Board member, has been appointed Chief Executive Officer-elect of GPC, effective immediately, and will assume the role of Chief Executive Officer upon completion of the separation, which is targeted for the first quarter of 2027. Jean-Jacques Lafont, a current GPC Board member and Co-founder of GPC's European operations, has been appointed Non-Executive Chairman of GPC upon completion of the separation, bringing deep automotive aftermarket and independent-owner experience, global business expertise and a proven track record of organic and inorganic growth. Will Stengel, current Chairman and Chief Executive Officer of GPC, will join Motion as Chairman and Chief Executive Officer upon completion of the separation. "The Board undertook a thoughtful and deliberate process to identify the right leaders for GPC and Motion's next chapters," said Russ Hardin, Lead Director of Genuine Parts Company. "We have great confidence in Will Stengel and Court Carruthers and believe their leadership and relevant expertise, supported by strong management teams and Board leadership, positions both companies to pursue their distinct strategies, accelerate growth and create long-term shareholder value."
Court Carruthers Appointed Chief Executive Officer-elect of Genuine Parts Company
Carruthers is a current member of the GPC Board of Directors and brings extensive operating and executive leadership experience in business-to-business distribution.
Most recently, Carruthers served as Chief Executive Officer of TricorBraun, a global packaging distribution leader with 110 locations across North America, Europe and Australasia. During his tenure, revenue and EBITDA tripled while the company significantly expanded its global footprint. Previously, he spent 13 years at W.W. Grainger in various global leadership roles, most recently as Group President, Americas, where he led a $9 billion distribution business across North and South America. Over his career, Carruthers has completed more than 100 acquisitions and brings deep experience in commercial growth, supply chain optimization, digital transformation and international expansion.
Carruthers also brings earlier experience in the automotive aftermarket and independent-owner model through Grainger's former automotive joint venture in Canada. He has significant M&A, capital markets and public company governance expertise, including board service with US Foods, Ryerson Holding Corp., Foundation Building Materials and Dollarama. Carruthers holds a Doctor of Business Administration from Pepperdine University and is a CPA (Canada).
GPC Leadership Team and Board of Directors
The company also announced that Bert Nappier, currently Executive Vice President and Chief Financial Officer, will serve as Executive Vice President, Chief Financial and Operating Officer of GPC, effective immediately.
The GPC leadership team, upon the separation, will include the following individuals:
Court Carruthers, Chief Executive Officer-elect Bert Nappier, Executive Vice President and Chief Financial and Operating Officer Jenn Hulett, Executive Vice President and Chief People Officer Chris Galla, Senior Vice President and General Counsel and Corporate Secretary Alain Masse, President, North America Automotive Franck Baduel, CEO European Automotive Rob Cameron, Managing Director and Group CEO, Australasia Upon the separation, the GPC Board leadership will include:
Jean-Jacques Lafont, Co-founder of GPC's European business, as Non-Executive Chairman Court Carruthers, Chief Executive Officer Will Stengel Appointed Chairman and Chief Executive Officer of Motion
Stengel currently serves as Chairman and Chief Executive Officer of Genuine Parts Company and will join Motion as Chairman and Chief Executive Officer as it establishes itself as a standalone public company. He has served as a member of the GPC Board of Directors and as the company's Chief Executive Officer since June 2024.
Stengel joined GPC in 2019 as Executive Vice President and Chief Transformation Officer, bringing nearly two decades of leadership and business-to-business distribution experience. He previously served as President of GPC from 2021 to 2023 and as President and Chief Operating Officer beginning in 2023. Prior to joining GPC, Stengel held numerous executive leadership roles at HD Supply, a diversified industrial distributor, including during its transition from a private to public company. Stengel also held strategy and M&A roles at The Home Depot and in investment banking.
James Howe Appointed President and Chief Operating Officer of Motion
Howe will continue to lead Motion's day-to-day operations and strategy in an elevated role as President and Chief Operating Officer, effective immediately. Prior to being named President of Motion in 2024, Howe served as Motion's Chief Commercial Officer and Chief Technology Officer. He has more than 30 years of experience at Motion, having held numerous field leadership roles before moving to the corporate office in 2019.
Howard Yu Appointed Executive Vice President and Chief Financial Officer of Motion
Yu will join Motion as Executive Vice President and Chief Financial Officer, bringing extensive finance, capital markets and public company experience as Motion prepares to launch as an independent public company.
Yu most recently served as Executive Vice President and Chief Financial Officer of Ball Corporation. Previously, he served as Chief Financial Officer of Envista Holdings, a publicly traded global company and spin-off from Danaher Corporation, and helped lead its separation and initial public offering in 2019. Over his 22-year career with Danaher and Envista, Yu served as Chief Financial Officer for multiple global divisions across Asia, Europe and Latin America and led successful M&A, allocated capital and built operational finance processes to enable shareholder value creation.
Yu began his career as a Senior Auditor at Deloitte & Touche and later held finance leadership roles at Hewlett-Packard, Conexant and Beckman Coulter.
Motion Leadership Team and Board of Directors
Kevin Stone, currently Senior Vice President, IT and Procurement, will serve as Executive Vice President, Chief Information Officer, and Billy Hamilton, currently Senior Vice President, People, will serve as Executive Vice President, Chief Human Resources Officer of Motion, effective immediately.
The Motion leadership team will include the following individuals:
Will Stengel, Chairman and Chief Executive Officer James Howe, President and Chief Operating Officer Howard Yu, Executive Vice President and Chief Financial Officer Kevin Stone, Executive Vice President and Chief Information Officer Billy Hamilton, Executive Vice President and Chief Human Resources Officer The GPC Board is in active discussions with Motion director candidates that will bring relevant and complementary experience and will be announced at the appropriate time, effective upon the separation.
Investor Days
GPC and Motion will host separate investor days in New York City, with GPC's Investor Day scheduled for December 8, 2026, and Motion's Investor Day scheduled for December 9, 2026.
Members of each company's leadership team will provide details on their respective businesses and outline their go-forward strategies for growth, focused investment and long-term value creation initiatives. Additional information, including webcast and registration details, will be provided in the coming weeks.
Advancing Toward Separation
As previously announced, the separation is expected to be completed in the first quarter of 2027, subject to customary conditions, including final approval by GPC's Board of Directors and the effectiveness of a Form 10 registration statement filed with the U.S. Securities and Exchange Commission.
About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across North America, Europe and Australasia, while our Industrial Parts Group serves customers across North America and Australasia. We keep the world moving with a vast network of over 10,800 locations spanning 17 countries supported by more than 65,000 teammates. Learn more at genpt.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of words such as "may," "will," "should," "could," "would," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "target," "project," "continue," "positioned," "forecast," "outlook," and other similar expressions. While the Company believes expectations for the future are reasonable in view of currently available information, these forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from those contained in the forward-looking statements. These risks and uncertainties include factors such as (a) uncertainties as to the timing of the separation and whether it will be completed; (b) the possibility that various closing conditions for the separation may not be satisfied; (c) failure of the separation to qualify for the expected tax treatment; (d) the risk that GPC and Motion will not be separated successfully or such separation may be more difficult, time-consuming and/or costly than expected; (e) the possibility that the strategic, operational and financial opportunities from the separation may not be achieved; and (f) the other risks, uncertainties and other factors discussed under "Risk Factors" discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and from time to time in the Company's subsequent filings with the Securities and Exchange Commission. Statements in this press release that are "forward-looking" include, without limitation, statements regarding the planned separation of GPC's Global Automotive and Global Industrial businesses, including the expected timing and anticipated benefits of the separation, the planned leadership teams, management appointments and boards of directors of GPC and Motion following the separation, the expected appointment of additional directors to the boards of GPC and Motion, the planned investor days for GPC and Motion and the go-forward strategies and future performance of GPC and Motion if the separation is completed. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no duty to update any forward-looking statements except as required by law. You are advised, however, to review any further disclosures on related subjects in the Company's subsequent Forms 10-K, 10-Q, 8-K and other reports filed with the Securities and Exchange Commission.
Jupiter Topco LLC bought a new stake in shares of Genuine Parts Company (NYSE:GPC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,922 shares of the specialty retailer’s stock, valued at approximately $1,997,000.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Genuine Parts during the second quarter valued at about $1,574,910,000. Norges Bank bought a new stake in Genuine Parts in the fourth quarter worth about $293,471,000. Cullen Capital Management LLC purchased a new position in Genuine Parts in the second quarter valued at about $166,471,000. Baupost Group LLC MA purchased a new position in Genuine Parts in the third quarter valued at about $193,347,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Genuine Parts by 7,774.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,234,984 shares of the specialty retailer’s stock valued at $151,854,000 after acquiring an additional 1,219,300 shares during the period. 78.83% of the stock is currently owned by institutional investors.
Genuine Parts Price Performance GPC stock opened at $137.54 on Friday. The firm has a 50 day moving average of $129.27 and a 200-day moving average of $114.53. The firm has a market capitalization of $18.96 billion, a P/E ratio of 550.16, a price-to-earnings-growth ratio of 2.53 and a beta of 0.64. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88.
Genuine Parts (NYSE:GPC – Get Free Report) last posted its earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. Genuine Parts’s revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, sell-side analysts predict that Genuine Parts Company will post 7.73 earnings per share for the current fiscal year. Genuine Parts Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 4th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s dividend payout ratio is presently 1,700.00%.
Wall Street Analyst Weigh In Several equities research analysts have recently issued reports on GPC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Evercore reissued an “outperform” rating on shares of Genuine Parts in a report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Truist Financial boosted their target price on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.86.
Check Out Our Latest Analysis on GPC
(Free Report)
Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.
Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.
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Callan Family Office LLC purchased a new stake in Genuine Parts Company (NYSE:GPC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,286 shares of the specialty retailer’s stock, valued at approximately $742,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Genuine Parts by 3.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,717 shares of the specialty retailer’s stock worth $2,111,000 after buying an additional 671 shares in the last quarter. Woodline Partners LP increased its stake in Genuine Parts by 40.7% during the first quarter. Woodline Partners LP now owns 11,746 shares of the specialty retailer’s stock valued at $1,399,000 after acquiring an additional 3,396 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Genuine Parts by 15.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,005 shares of the specialty retailer’s stock valued at $122,000 after acquiring an additional 137 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Genuine Parts by 5.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,954 shares of the specialty retailer’s stock valued at $3,027,000 after acquiring an additional 1,323 shares in the last quarter. Finally, AXA S.A. lifted its position in shares of Genuine Parts by 37.2% in the 2nd quarter. AXA S.A. now owns 51,292 shares of the specialty retailer’s stock worth $6,222,000 after acquiring an additional 13,898 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.
Genuine Parts Stock Up 1.3% Shares of GPC opened at $135.71 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $124.67 and a two-hundred day moving average price of $115.10. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 542.84 and a beta of 0.63. Genuine Parts Company has a 12 month low of $90.78 and a 12 month high of $151.57.
Genuine Parts (NYSE:GPC – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.59% and a net margin of 0.13%.The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the company posted $2.10 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts predict that Genuine Parts Company will post 7.73 EPS for the current fiscal year. Genuine Parts Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be given a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, September 4th. Genuine Parts’s dividend payout ratio is 1,700.00%.
Analyst Ratings Changes Several analysts have recently weighed in on the company. Raymond James Financial reissued a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and issued a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, DA Davidson boosted their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and an average price target of $147.86.
Get Our Latest Research Report on Genuine Parts
(Free Report)
Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.
Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.
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Genuine Parts za poslední měsíc přidala 11,8 % po silných výsledcích za 2. čtvrtletí, kdy upravený zisk na akcii i tržby překonaly odhady. Společnost zároveň potvrdila výhled upraveného zisku na akcii pro rok 2026 na 7,50–8 USD.
It has been about a month since the last earnings report for Genuine Parts (GPC - Free Report) . Shares have added about 11.8% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Genuine Parts due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Genuine Parts Company before we dive into how investors and analysts have reacted as of late.
Genuine Parts Beats Q2 Earnings EstimatesGenuine Parts reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter.
Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Comparable sales increased 3.4%, led by strong demand in the Industrial business, while acquisitions and favorable currency movements also supported growth.
Sales Growth Broadens Across OperationsThe revenue increase included a 1.2% contribution from acquisitions and a 1.4% favorable foreign currency impact. Growth was recorded across North America Automotive, International Automotive and Industrial, reflecting a broad-based improvement in demand.
Adjusted gross margin expanded 20 basis points to 37.9%. However, adjusted selling, administrative and other expenses represented 29.1% of sales, up from 28.7% a year earlier, partly offsetting the gross-margin benefit.
Industrial Arm Sets the PaceIndustrial sales advanced 7.1% year over year to $2.41 billion. Comparable sales climbed 6.1%, while favorable currency movements added 0.8% and acquisitions contributed 0.2%.
The segment generated EBITDA of $316 million, up 9.8% from the prior-year period. EBITDA margin expanded 30 basis points to 13.1%. Growth was recorded in 11 of 14 end markets, while 10 markets improved sequentially. Maintenance, repair and operations sales grew approximately 7%, supported by large corporate accounts and small and medium-sized local customers.
Automotive Results Show Mixed MarginsNorth America Automotive sales increased 3.8% to $2.54 billion, driven by a 2.6% comparable-sales gain and a 1.3% acquisition contribution. Segment EBITDA rose 6% to $208 million, while EBITDA margin improved 20 basis points to 8.2%.
Company-owned stores in the United States delivered comparable-sales growth of approximately 4%, including roughly 5.5% growth in the commercial business. The Benson acquisition also remained ahead of the company’s financial and operational targets.
International Automotive revenues rose 8.2% to $1.59 billion. Foreign currency contributed 4.9%, acquisitions added 2.7% and comparable sales increased 0.6%. Segment EBITDA improved 6% to $150 million, but margin contracted 20 basis points to 9.4%. Europe improved sequentially, particularly in the United Kingdom and Germany.
GPC Absorbs Restructuring CostsGAAP net income declined to $228 million, or $1.65 per share, from $255 million, or $1.83 per share, a year earlier. The difference between GAAP and adjusted results reflected $69 million of after-tax adjustments tied to restructuring and separation activities.
Adjusted net income rose to $296 million from $292 million in the year-ago period. Adjusted EBITDA increased 3.6% year over year to $567 million, though adjusted EBITDA margin declined 20 basis points to 8.7%.
Restructuring and other costs totaled $76 million before taxes, while separation costs were $16 million. GPC remains on track to separate its Global Automotive and Global Industrial businesses into two publicly traded companies in the first quarter of 2027.
2026 OutlookGPC reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. The company reduced its GAAP earnings forecast to $5.90-$6.40 per share from the previous estimate of $6.10-$6.60. North America Automotive sales growth is now expected at 2.5-4.5%, down from the previous estimate of 3-5%, while International Automotive growth was raised to 5-8% from the previous estimate of 3-6%. Industrial sales growth remains projected at 3-6%.
Cash and LiquidityCash from operations totaled $464 million in the first half of 2026, up from $169 million a year earlier. Free cash flow was $259 million against negative $80 million in the prior-year period.
Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash. Year-to-date capital expenditures were $205 million, acquisition spending totaled $38 million and cash dividends reached $288 million. The company continues to expect full-year operating cash flow of $1-$1.2 billion and free cash flow of $550-$700 million.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
VGM ScoresAt this time, Genuine Parts has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Genuine Parts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Genuine Parts Company vyhlásila pravidelnou čtvrtletní hotovostní dividendu ve výši 1,0625 USD na akcii. Splatná je 2. října 2026 pro akcionáře k 4. září 2026.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its Board of Directors declared a regular quarterly cash dividend of one dollar and six and one quarter cents ($1.0625) per share on the company's common stock.
The dividend is payable on October 2, 2026 to shareholders of record on September 4, 2026.
About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across North America, Europe and Australasia, while our Industrial Parts Group serves customers across North America and Australasia. We keep the world moving with a vast network of over 10,800 locations spanning 17 countries supported by more than 65,000 teammates. Learn more at genpt.com.
California Public Employees Retirement System ve 1. čtvrtletí snížil podíl v Genuine Parts o 23 % na 268 064 akcií. Firma zároveň oznámila za 2. čtvrtletí zisk na akcii 2,15 USD a tržby 6,54 miliardy USD.
California Public Employees Retirement System cut its holdings in shares of Genuine Parts Company (NYSE:GPC – Free Report) by 23.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,064 shares of the specialty retailer’s stock after selling 80,037 shares during the period. California Public Employees Retirement System owned about 0.19% of Genuine Parts worth $28,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Genuine Parts by 85.0% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,262 shares of the specialty retailer’s stock valued at $3,200,000 after buying an additional 13,900 shares during the period. Montag A & Associates Inc. boosted its stake in shares of Genuine Parts by 19.6% in the first quarter. Montag A & Associates Inc. now owns 64,855 shares of the specialty retailer’s stock worth $6,923,000 after buying an additional 10,622 shares during the last quarter. Paradiem LLC acquired a new stake in Genuine Parts during the first quarter worth about $3,154,000. Conning Inc. grew its holdings in Genuine Parts by 5.7% during the fourth quarter. Conning Inc. now owns 246,390 shares of the specialty retailer’s stock worth $30,296,000 after acquiring an additional 13,357 shares during the period. Finally, Hsbc Holdings PLC raised its position in Genuine Parts by 19.5% during the fourth quarter. Hsbc Holdings PLC now owns 477,970 shares of the specialty retailer’s stock valued at $58,887,000 after acquiring an additional 77,936 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.
Genuine Parts Stock Performance NYSE GPC opened at $119.70 on Wednesday. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 278.38 and a beta of 0.63. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $108.96 and a 200 day moving average of $115.53.
Genuine Parts (NYSE:GPC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 EPS for the quarter, beating the consensus estimate of $2.08 by $0.07. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company earned $2.10 earnings per share. Genuine Parts’s quarterly revenue was up 6.0% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts anticipate that Genuine Parts Company will post 7.69 EPS for the current fiscal year.
Genuine Parts Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a dividend of $1.0625 per share. The ex-dividend date was Friday, June 5th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 3.6%. Genuine Parts’s dividend payout ratio (DPR) is 988.37%.
Analyst Upgrades and Downgrades Several equities research analysts have commented on GPC shares. Truist Financial lowered their price objective on Genuine Parts from $127.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. UBS Group cut their target price on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. DA Davidson increased their price target on shares of Genuine Parts from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Finally, Zacks Research raised shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Genuine Parts has an average rating of “Moderate Buy” and a consensus target price of $144.50.
Check Out Our Latest Analysis on Genuine Parts
Insider Activity In related news, insider James F. Howe sold 415 shares of Genuine Parts stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total value of $43,296.95. Following the sale, the insider owned 25,589 shares of the company’s stock, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by company insiders.
Genuine Parts News Roundup Here are the key news stories impacting Genuine Parts this week:
Positive Sentiment: Genuine Parts Company reported Q2 adjusted EPS of $2.15, topping estimates of $2.10, while revenue of $6.54 billion also beat consensus; sales rose 6% year over year, helped by broad-based growth and strength in the industrial business. Genuine Parts Company Reports Second Quarter 2026 Results; Reaffirms 2026 Outlook for Adjusted EPS of $7.50 to $8.00 Positive Sentiment: The company said execution remained disciplined and reaffirmed its 2026 adjusted EPS outlook of $7.50 to $8.00, signaling management confidence in the business despite a mixed operating backdrop. Genuine Parts Company Reports Second Quarter 2026 Results; Reaffirms 2026 Outlook for Adjusted EPS of $7.50 to $8.00 Neutral Sentiment: Updated FY 2026 guidance calls for EPS of $7.50 to $8.00 and revenue of $25.0 billion to $25.6 billion, which is broadly in line with Wall Street expectations and may limit upside enthusiasm. Genuine Parts Company Reports Second Quarter 2026 Results; Reaffirms 2026 Outlook for Adjusted EPS of $7.50 to $8.00 Neutral Sentiment: Investors are also parsing the earnings call transcript and presentation for details on demand trends, margins, and management’s outlook, but the key headline remains a modest beat with maintained guidance. Genuine Parts Company (GPC) Q2 2026 Earnings Call Transcript Genuine Parts Company Profile (Free Report)
Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.
Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.
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Genuine Parts Company (GPC) Q2 2026 Earnings Call July 21, 2026 8:30 AM EDT
Company Participants
Timothy Walsh - Vice President of Investor Relations
William Stengel - CEO & Chairman
Herbert Nappier - Executive VP & CFO
Conference Call Participants
Gregory Melich - Evercore ISI Institutional Equities, Research Division
Christopher Horvers - JPMorgan Chase & Co, Research Division
Scot Ciccarelli - Truist Securities, Inc., Research Division
Michael Lasser - UBS Investment Bank, Research Division
Bret Jordan - Jefferies LLC, Research Division
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the Genuine Parts Company Second Quarter 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded on Tuesday, July 21, 2026.
I would now like to turn the conference over to Tim Walsh. Please go ahead.
Timothy Walsh
Vice President of Investor Relations
Thank you, and good morning, everyone. Welcome to Genuine Parts Company's Second Quarter 2026 Earnings Call. Joining us on the call today are Will Stengel, Chairman and Chief Executive Officer; and Bert Nappier, Executive Vice President and Chief Financial Officer. In addition to this morning's press release, a supplemental slide presentation can be found on the Investors page of the Genuine Parts Company website. Today's call is being webcast, and a replay will also be made available on the company's website after the call.
Following our prepared remarks, the call will be open for questions, the responses to which will reflect management's views as of today, July 21, 2026. If we're unable to get to your questions, please contact our Investor Relations department. Please be advised that this call may include certain non-GAAP financial measures, which may be referred to during today's discussion of our results as reported under generally accepted accounting principles. A reconciliation of these measures is provided in the earnings press release. Today's call may also include forward-looking statements regarding the company and its businesses as
Genuine Parts (GPC - Free Report) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.1 per share. This compares to earnings of $2.1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.38%. A quarter ago, it was expected that this auto and industrial parts distributor would post earnings of $1.81 per share when it actually produced earnings of $1.77, delivering a surprise of -2.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Genuine Parts, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $6.54 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.36%. This compares to year-ago revenues of $6.16 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Genuine Parts shares have lost about 0.5% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Genuine Parts?While Genuine Parts has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Genuine Parts was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.03 on $6.48 billion in revenues for the coming quarter and $7.69 on $25.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Wholesale - Parts is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Driven Brands Holdings Inc. (DRVN - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Driven Brands Holdings Inc.'s revenues are expected to be $516.75 million, down 6.2% from the year-ago quarter.
