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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.

ATLANTA, Oct. 22, 2026 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Will Stengel, Chairman & Chief Executive Officer, Court Carruthers, Chief Executive Officer-elect and Bert Nappier, Chief Financial and Operating Officer, will present at the Gabelli Funds 50th Annual Automotive Symposium at 1:30 p.m. ET on Tuesday, November 3, 2026.

O’Reilly Automotive’s Stock Slump Hides a Stronger BusinessGenuine Parts NYSE: GPC reported third-quarter 2026 sales growth of 4% and adjusted earnings per share growth of about 5%, as strength in its Industrial business helped offset softer automotive demand tied to higher fuel costs and cautious consumer conditions.

Total sales rose to $6.5 billion, up more than $250 million from a year earlier. Adjusted diluted earnings per share were $2.07. Gross margin expanded 70 basis points to 38.1%, supported by pricing and sourcing initiatives, while adjusted EBITDA margin was flat at 8.4% as higher operating costs offset those gains.

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5 Dividend Kings to Buy in July with Irresistible Value and YieldManagement also said its planned separation into independent Automotive and Industrial public companies remains on track for completion in the first quarter of 2027. The company plans to provide further details on each business at Investor Days in New York City on Dec. 8 and Dec. 9.

Industrial segment leads growth Industrial sales totaled $2.4 billion, rising 6% year over year, with comparable sales up 5.5%. Price inflation contributed roughly 2% to the segment’s sales growth. Segment EBITDA increased about 11% to $317 million, while EBITDA margin rose 60 basis points to 13.2%.

Don’t Try to Catch These 3 Falling KnivesChairman and CEO Will Stengel said Motion’s core break-fix maintenance, repair and operations business, which represents about 80% of segment sales, grew approximately 5% during the quarter. The remaining, more capital-intensive portion of sales increased nearly 10%.

The company cited nine consecutive Purchasing Managers’ Index readings above 50, deferred maintenance activity and delayed customer investments beginning to move forward. Stengel also said investment in data centers and artificial-intelligence infrastructure was positively affecting the wider manufacturing economy.

Genuine Parts recorded growth in 12 of the 14 industrial end markets it tracks, including high-single-digit growth in equipment and machinery. Food products, iron and steel, automotive, fabricated metals, distribution and logistics, oil and gas extraction, and equipment rental and leasing also grew. Lumber and wood, along with rubber and plastics, experienced softer demand.

Chief Financial and Operating Officer Bert Nappier said Industrial demand remained solid entering October, though the company is taking a prudent view of the fourth quarter because of holiday-related production schedules among customers.

Automotive results reflect commercial resilience and retail pressure North America Automotive sales increased about 2%, with comparable sales also up about 2%. Segment EBITDA was $194 million, or 7.6% of sales, down 40 basis points from the prior-year period.

In the U.S., total sales rose roughly 1.5% and comparable sales increased about 2%. Pricing contributed approximately 2.5% to sales growth. Company-owned store comparable sales rose about 3.5%, including approximately 5% growth in commercial sales. Independent same-store purchases were slightly higher than a year earlier.

Across the NAPA system, including sales from company-owned and independent locations to end customers, comparable sales grew about 3%. Commercial customer sales increased about 4%, while retail customer sales fell approximately 3%.

Stengel attributed the retail pressure to higher fuel prices, persistent inflation and a recent interest-rate increase. Management said the effects of the conflict in Iran have weighed on consumer sentiment and automotive demand across geographies, particularly on the retail side.

Nappier said North America Automotive’s margin decline reflected higher freight, fuel and rent costs, which totaled $15 million year over year, as well as a merit increase for NAPA’s U.S. hourly workforce. He said that absent inflation-driven costs, the segment would have posted a 20-basis-point margin improvement.

In Canada, sales increased approximately 9% in local currency and comparable sales rose 1%. The Benson acquisition was performing ahead of plan financially and operationally, according to Stengel.

International Automotive sales rose 4.5%, with comparable sales up about 1%. Segment EBITDA increased about 5% to $141 million, while its 9.0% EBITDA margin was unchanged. European local-currency sales rose around 4%, with comparable sales up 1%, including improved recent performance in the United Kingdom. Asia-Pacific local-currency sales increased about 2%, with comparable sales up about 1%; its two-wheel motorcycle business generated double-digit local-currency sales growth.

Inflation and Iran-related costs shape outlook Nappier said the company estimated the Iran conflict reduced third-quarter EBITDA by $16 million, or $0.09 per share, primarily through higher freight and fuel costs. Fuel and diesel prices were up 30% and 50%, respectively, from the prior year, management said.

Healthcare costs increased about 15% during the quarter, while freight expense rose 12%. Adjusted selling, general and administrative expense as a percentage of sales increased 70 basis points to 29.5%.

The company incurred about $200 million of restructuring costs year to date and realized $105 million in savings, including approximately $36 million in the third quarter. Third-quarter reported results also included $87 million in pretax costs related to restructuring and the planned separation, including $21 million of separation-related costs, primarily third-party advisory fees.

For the full year, Genuine Parts narrowed its adjusted EPS outlook to $7.50 to $7.75, representing 3.5% growth at the midpoint compared with 2025. It expects reported diluted EPS of $5.60 to $5.85. Nappier said the company expects to finish the year toward the lower end of its adjusted guidance range.

The company now expects Iran-related incremental costs of $30 million to $40 million in the second half, compared with its earlier forecast of $20 million to $30 million. Nappier said the company expects about 2.5% price inflation through the remainder of 2026 but was not prepared to provide a 2027 inflation forecast.

Separation preparations continue The company said Court Carruthers will become chief executive officer of GPC following the separation, with Nappier serving as chief financial and operating officer. Stengel is set to become chairman and chief executive officer of Motion.

Carruthers, who had spent six weeks in the role at the time of the call, emphasized customer service, field execution, independent-owner partnerships and supply-chain modernization. He said GPC would take a market-by-market approach to its company-owned and independent store mix.

Management highlighted a new automated NAPA distribution center in eastern Pennsylvania that opened on time and on budget during the third quarter. Carruthers said the facility is intended to expand product availability while creating productivity and real-estate consolidation opportunities. A second U.S. NAPA distribution center is expected to begin operations by year-end.

Year to date, Genuine Parts generated $817 million in operating cash flow and approximately $500 million in free cash flow. It invested approximately $315 million in capital expenditures and returned about $434 million to shareholders through dividends.

About Genuine Parts (NYSE:GPC)Genuine Parts Company NYSE: GPC is a distributor of automotive and industrial replacement parts. Its Automotive Parts Group supplies components and accessories for cars, trucks and other vehicles, serving professional repair shops, commercial customers and do-it-yourself consumers through distribution networks, stores and digital channels.

The company's Industrial Parts Group distributes products used to maintain and repair manufacturing, commercial and other industrial equipment. Its offerings include bearings, power-transmission components, motion-control products, industrial supplies and related maintenance, repair and operations products.

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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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:

MetricQ3 2026Q3 2025YTD 2026YTD 2025Net Sales$6,521 million$6,260 million$19,323 million$18,290 millionNet Income$224 million$226 million$641 million$675 millionAdjusted Net Income$286 million$276 million$827 million$810 millionFree Cash FlowN/AN/A$502 millionN/A

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].

Genuine Parts Company (GPC) Q3 2026 Earnings Call October 20, 2026 8:30 AM EDT

Company Participants

Timothy Walsh - Vice President of Investor Relations
William Stengel - CEO & Chairman
Courtney Carruthers
Herbert Nappier - Executive VP and Chief Financial & Operating Officer

Conference Call Participants

Gregory Melich - Evercore ISI Institutional Equities, Research Division
Alexis Swasey - UBS Investment Bank, Research Division
Scot Ciccarelli - Truist Securities, Inc., Research Division
Christopher Dankert - D.A. Davidson & Co., Research Division
Bret Jordan - Jefferies LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Genuine Parts Company Third Quarter 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded on Tuesday, October 20, 2026.

At this time, I would like to turn the conference call over to Tim Walsh, Vice President of Investor Relations. Please go ahead, sir.

Timothy Walsh
Vice President of Investor Relations

Thank you, and good morning, everyone. Welcome to Genuine Parts Company's Third Quarter 2026 Earnings Call. Joining us on the call today are Will Stengel, Chairman and Chief Executive Officer; Court Carruthers, Chief Executive Officer-elect; and Bert Nappier, Executive Vice President and Chief Financial and Operating 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, October 20, 2026. If we're unable to get to your questions, please contact our Investor Relations department. Please be advised 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

Genuine Parts (GPC - Free Report) came out with quarterly earnings of $2.07 per share, missing the Zacks Consensus Estimate of $2.09 per share. This compares to earnings of $1.98 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -0.96%. A quarter ago, it was expected that this auto and industrial parts distributor would post earnings of $2.1 per share when it actually produced earnings of $2.15, delivering a surprise of +2.38%.

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 $6.52 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.35%. This compares to year-ago revenues of $6.26 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 added about 5.9% since the beginning of the year versus the S&P 500's gain of 12.4%.

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 mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 $1.74 on $6.25 billion in revenues for the coming quarter and $7.73 on $25.55 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 17% 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.

One other stock from the same industry, O'Reilly Automotive (ORLY - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 28.

This auto parts retailer is expected to post quarterly earnings of $0.93 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.

O'Reilly Automotive's revenues are expected to be $5 billion, up 6.2% from the year-ago quarter.

Should You Invest in Genuine Parts Company (GPC)?

Before you invest in Genuine Parts Company (GPC), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.

Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)

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 >>>> .

The used-car lot was once every budget buyer's escape hatch from new-car prices, but something has gone badly wrong with that math. Find out why shoppers stretching every dollar are now accidentally funding a windfall for a completely different industry.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

For generations of American drivers, the used-car lot was the escape hatch. New vehicles became too expensive, so buyers let somebody else eat the depreciation and picked up a three-year-old car at a reasonable discount.

That bargain is disappearing. Pandemic production disruptions reduced the supply of vehicles reaching the used market, while years of rising new-car prices reset what buyers expect to pay. The result is a market where “used” no longer necessarily means “affordable.” 

For investors, that shift has implications extending well beyond dealerships. Americans are increasingly being forced to keep older vehicles running longer — potentially creating a durable tailwind for the auto-parts and repair industries.

Yesterday’s New-Car Price Is Today’s Used-Car Price Edmunds’ Q2 2026 Used Vehicle Market Report puts the average transaction price of a three-year-old vehicle at $32,461, up 4% from a year ago and above the previous Q2 record of $31,628, set during the pandemic-era pricing frenzy in 2022.

But here is the number that puts today’s market in perspective: Kelley Blue Book reported the average new vehicle transaction price in January 2014 was just $32,299. In other words, buyers today are paying slightly more for the average three-year-old vehicle than Americans paid for the average brand-new car just 12 years ago.

And prices have moved quickly. Edmunds says a three-year-old used vehicle averaged about $22,591 in Q2 2019, meaning today’s $32,461 price represents an increase of roughly $9,870, or 44%, in seven years.

The used car bargain has vanished, turning everyday beaters into high-stakes investments and fueling a massive payday for the repair industry. $15,000 Doesn’t Buy What It Used To The real affordability problem shows up further down the price ladder. In Q2 2019, a buyer spending $10,000 to $15,000 got a vehicle averaging 4.7 years old with 58,250 miles. Today that budget buys one averaging 8.7 years old and 98,222 miles.

That’s four additional years of age and nearly 40,000 extra miles without spending a penny less.

Affordable inventory is disappearing, too. Vehicles priced below $20,000 represented 55.2% of used sales in 2019. By Q2 2026, their share had fallen to just 31.8%. Meanwhile, vehicles priced above $30,000 more than doubled their share, from 16.8% to 35.8%.

Used cars haven’t merely gotten more expensive. The entire market has moved upscale.

The Investment Opportunity Is Under The Hood Ironically, that could make the biggest winners companies that help drivers avoid buying another vehicle.

As consumers stretch ownership cycles, older cars require more brakes, batteries, belts, filters, suspension components, and routine repairs. That puts aftermarket retailers such as AutoZone (NYSE:AZO | AZO Price Prediction), O’Reilly Automotive (NASDAQ:ORLY), and NAPA Auto Parts retailer Genuine Parts (NYSE:GPC) in an attractive position.

The thesis is straightforward: If a $15,000 replacement car comes with nearly 100,000 miles anyway, repairing the vehicle already sitting in the driveway starts looking much more reasonable.

Key Takeaway In short, America’s used-car affordability crisis isn’t simply a temporary price spike. Edmunds’ data shows the inexpensive end of the market is shrinking while buyers get older, higher-mileage vehicles for the same money.

For investors, that makes the aging vehicle fleet worth watching closely. Used-car dealers may benefit from elevated prices, but aftermarket parts and repair businesses could have the cleaner long-term opportunity — because when replacing a car becomes a luxury, keeping the old one alive becomes a necessity.

Contact [email protected] for any questions or corrections.

ATLANTA, Sept. 29, 2026 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, plans to release third quarter financial results on October 20, 2026.

Genuine Parts Company is rated Buy, driven by strong growth prospects in both Automotive and Industrial segments. NAPA's independent store network offers a significant self-help opportunity, with proven operational improvements poised to enhance North American Automotive sales growth. Motion benefits from a broad-based industrial recovery, delivering strong sales momentum, operating leverage, and EBITDA margin expansion.

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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Genuine Parts Company (GPC) Goldman Sachs Global Consumer and Retail Conference September 15, 2026 1:20 PM EDT

Company Participants

William Stengel - CEO & Chairman
Herbert Nappier - Executive VP and Chief Financial & Operating Officer

Conference Call Participants

Katharine McShane - Goldman Sachs Group, Inc., Research Division

Presentation

Katharine McShane
Goldman Sachs Group, Inc., Research Division

Thank you for joining us. It's my pleasure to introduce Genuine Parts Company. We have with us today Will Stengel, Chairman and Chief Executive Officer; and Bert Nappier, Executive Vice President and Chief Financial -- excuse me, Financial Officer and Operating Officer, too, sorry. And Will and Bert, thank you so much for joining us.

William Stengel
CEO & Chairman

Thanks for having us. It's great to be here.

Katharine McShane
Goldman Sachs Group, Inc., Research Division

So I stumbled over the title because there's been some confusion, so sorry about that. And Will, last week, you issued a press release announcing the leadership teams for both the automotive and the industrial businesses. Congratulations.

William Stengel
CEO & Chairman

Thank you.

Question-and-Answer Session

Katharine McShane
Goldman Sachs Group, Inc., Research Division

Can you share a little color around the process for selecting the leadership teams, including the appointment of Court, as CEO-elect GPC and ultimately, how his operating background, Board, familiarity and leadership approach fit with the go-forward strategy for automotive.

William Stengel
CEO & Chairman

Yes, happy to, and thanks for having us. This is obviously our first opportunity to talk about the announcement. So looking forward to the discussion. We've been working on this for quite some time, as you would expect.

And we're thrilled to be able to announce what we did last week. The way to think about it is we really were solving for 2 or 3 different thoughts. The first and foremost

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.

SOURCE Genuine Parts Company

ATLANTA, Sept. 1, 2026 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Will Stengel, Chairman & CEO, and Bert Nappier, EVP & CFO, will present at the Goldman Sachs 33rd Annual Global Consumer and Retail Conference at 1:20 p.m.

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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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.

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.

SOURCE Genuine Parts Company

Also from this source

Posted by Defense World Staff on Aug 3rd, 2026

Cozad Asset Management Inc. raised its holdings in Genuine Parts Company (NYSE:GPC – Free Report) by 37.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,684 shares of the specialty retailer’s stock after purchasing an additional 4,261 shares during the quarter. Cozad Asset Management Inc.’s holdings in Genuine Parts were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Strive Financial Group LLC purchased a new position in shares of Genuine Parts in the 4th quarter worth about $25,000. WPG Advisers LLC raised its position in Genuine Parts by 213.0% in the fourth quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 164 shares during the period. Motiv8 Investments LLC bought a new stake in Genuine Parts in the fourth quarter worth about $31,000. Elyxium Wealth LLC purchased a new position in Genuine Parts in the fourth quarter valued at about $33,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in Genuine Parts by 426.9% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 274 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 222 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. UBS Group reiterated a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Raymond James Financial reissued a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.00.

Check Out Our Latest Report on Genuine Parts

Insiders Place Their Bets In other Genuine Parts news, insider James F. Howe sold 415 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $104.33, for a total transaction of $43,296.95. Following the sale, the insider owned 25,589 shares of the company’s stock, valued at $2,669,700.37. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.13% of the company’s stock.

Genuine Parts Price Performance Shares of NYSE:GPC opened at $124.57 on Monday. The firm has a market capitalization of $17.17 billion, a PE ratio of 498.28 and a beta of 0.62. 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 $113.71 and a two-hundred day moving average price of $115.54. Genuine Parts Company has a twelve month low of $90.78 and a twelve month high of $151.57.

Genuine Parts (NYSE:GPC – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.07. The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 earnings per share. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities analysts forecast that Genuine Parts Company will post 7.72 EPS for the current year.

About 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 (NYSE:GPC – Get Free Report) and Top Win International (NASDAQ:SORA – Get Free Report) are both consumer discretionary companies, but which is the better investment? We will compare the two companies based on the strength of their dividends, risk, institutional ownership, earnings, analyst recommendations, profitability and valuation.

Valuation and Earnings This table compares Genuine Parts and Top Win International”s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Genuine Parts $24.30 billion 0.71 $65.94 million $0.25 498.28 Top Win International $10.99 million 3.73 $12.29 million N/A N/A Genuine Parts has higher revenue and earnings than Top Win International.

Analyst Ratings This is a summary of recent recommendations and price targets for Genuine Parts and Top Win International, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Genuine Parts 0 5 3 1 2.56 Top Win International 1 0 0 0 1.00 Genuine Parts presently has a consensus price target of $145.00, indicating a potential upside of 16.40%. Given Genuine Parts’ stronger consensus rating and higher possible upside, equities analysts clearly believe Genuine Parts is more favorable than Top Win International.

Volatility & Risk Genuine Parts has a beta of 0.62, indicating that its share price is 38% less volatile than the S&P 500. Comparatively, Top Win International has a beta of 7.97, indicating that its share price is 697% more volatile than the S&P 500.

Insider & Institutional Ownership 78.8% of Genuine Parts shares are owned by institutional investors. 0.1% of Genuine Parts shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability This table compares Genuine Parts and Top Win International’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Genuine Parts 0.13% 22.59% 4.94% Top Win International N/A N/A N/A Summary Genuine Parts beats Top Win International on 11 of the 13 factors compared between the two stocks.

About Genuine Parts (Get Free Report)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals. It also distributes industrial replacement parts and related supplies, such as abrasives, adhesives, sealants and tape, bearings, chemicals, cutting tools, electrical, facility maintenance, hose and fittings, hydraulics, janitorial, mechanical power transmission, pneumatics, process pumps and equipment, safety, seals and gaskets, and tools and testing instruments, as well as maintenance, repair, and operation customers in aggregate and cement, automotive, chemical and allied products, equipment and machinery, equipment rental and leasing, fabricated metals, food and beverage, iron and steel, lumber and wood, oil and gas, pulp and paper, and rubber products. In addition, the company provides various services and repairs comprising gearbox and fluid power and process pump assembly and repair, hydraulic drive shaft repair, electrical panel assembly and repair, hose and gasket manufacture and assembly. It operates in the United States, Canada, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands, Belgium, Spain, Portugal, Australia, New Zealand, Mexico, Indonesia, and Singapore. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.

About Top Win International (Get Free Report)

Through our Operating Subsidiary in Hong Kong, Top Win International Trading Limited, we are a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. As the purveyor of fine watches, we source luxury products directly or indirectly from authorized dealers, distributors, and brand owners, located in Europe, Japan, Singapore, and other locations, and sell them to our customers, comprising independent watch dealers, watch distributors, and retail buyers within the watch industry. Our strategic location in Hong Kong positions us advantageously within the Asia-Pacific luxury market. This region has seen significant growth in demand for luxury goods, driven by rising disposable incomes and a growing appreciation for high-quality, branded products. We currently offer a selection of over 30 internationally renowned watch brands, including Blancpain, Breguet, Cartier, Chopard, Hermes, IWC, Jaeger, Rolex, Omega, and Longines. We primarily trade watches within the price range of $1,900 to $7,500 with our target customers being middle to high-income earners. Our principal executive office is located in Wan Chai, Hong Kong.

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Have you evaluated the performance of Genuine Parts' (GPC - Free Report) international operations during the quarter that concluded in June 2026? Considering the extensive worldwide presence of this auto and industrial parts distributor, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.

In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.

Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.

Our review of GPC's last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.

For the quarter, the company's total revenue amounted to $6.54 billion, experiencing an increase of 6% year over year. Next, we'll explore the breakdown of GPC's international revenue to understand the importance of its overseas business operations.

A Dive into GPC's International Revenue TrendsAustralasia accounted for 10% of the company's total revenue during the quarter, translating to $654.14 million. Revenues from this region represented a surprise of +8.76%, with Wall Street analysts collectively expecting $601.45 million. When compared to the preceding quarter and the same quarter in the previous year, Australasia contributed $628.48 million (10%) and $586.7 million (9.5%) to the total revenue, respectively.

During the quarter, Europe contributed $1.08 billion in revenue, making up 16.5% of the total revenue. When compared to the consensus estimate of $1.04 billion, this meant a surprise of +2.97%. Looking back, Europe contributed $1.09 billion, or 17.4%, in the previous quarter, and $1.01 billion, or 16.4%, in the same quarter of the previous year.

Revenue Projections for Overseas MarketsFor the current fiscal quarter, it is anticipated by Wall Street analysts that Genuine Parts will post revenues of $6.49 billion, which reflects an increase of 3.7% the same quarter in the previous year. The revenue contributions are expected to be 10% from Australasia ($651.15 million), and 16.2% from Europe ($1.05 billion).

For the full year, the company is projected to achieve a total revenue of $25.41 billion, which signifies a rise of 4.6% from the last year. The share of this revenue from various regions is expected to be: Australasia at 9.9% ($2.51 billion), and Europe at 16.7% ($4.23 billion).

The Bottom LineRelying on international markets for revenues, Genuine Parts faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.

In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.

At Zacks, we place significant importance on a company's evolving earnings outlook. This is based on empirical evidence demonstrating its strong influence on a stock's short-term price movements. Invariably, there exists a positive relationship -- an upward revision in earnings estimates is typically mirrored by a rise in the stock price.

The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.

Genuine Parts currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Reviewing Genuine Parts' Recent Stock Price TrendsOver the past month, the stock has gained 7.1% versus the Zacks S&P 500 composite's 0.8% increase. The Zacks Retail-Wholesale sector, of which Genuine Parts is a part, has declined 1.3% over the same period. The company's shares have increased 18.3% over the past three months compared to the S&P 500's 3.8% increase. Over the same period, the sector has declined 9.2%

Posted by Defense World Staff on Jul 22nd, 2026

Bank of New York Mellon Corp reduced its holdings in shares of Genuine Parts Company (NYSE:GPC – Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 830,037 shares of the specialty retailer’s stock after selling 100,991 shares during the quarter. Bank of New York Mellon Corp owned 0.60% of Genuine Parts worth $87,776,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Olistico Wealth LLC bought a new position in Genuine Parts during the 4th quarter valued at $25,000. Strive Financial Group LLC bought a new stake in shares of Genuine Parts in the 4th quarter worth about $25,000. WPG Advisers LLC raised its stake in shares of Genuine Parts by 213.0% in the 4th quarter. WPG Advisers LLC now owns 241 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Motiv8 Investments LLC bought a new position in shares of Genuine Parts during the fourth quarter worth about $31,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Genuine Parts during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 78.83% of the company’s stock.

Insider Transactions at Genuine Parts In other Genuine Parts news, insider James F. Howe sold 415 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,669,700.37. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.13% of the stock is owned by insiders.

Genuine Parts Trading Down 2.2% Shares of NYSE GPC opened at $119.70 on Wednesday. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 278.38 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. 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’s 50 day simple moving average is $108.96 and its 200 day simple moving average is $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, topping analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.43 billion. Genuine Parts had a return on equity of 22.28% and a net margin of 0.24%.The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.69 EPS for the current year.

Genuine Parts Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were paid a dividend of $1.0625 per share. This represents a $4.25 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. Genuine Parts’s payout ratio is presently 988.37%.

Analyst Ratings Changes Several brokerages recently weighed in on GPC. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. UBS Group reduced their target price on Genuine Parts from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Truist Financial decreased their target price on Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, DA Davidson upped their price target on Genuine Parts from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.50.

Read Our Latest Stock Analysis on GPC

Trending Headlines about Genuine Parts 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 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.

Further Reading Five stocks we like better than Genuine Parts Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

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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) reported $6.54 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6%. EPS of $2.15 for the same period compares to $2.10 a year ago.

The reported revenue represents a surprise of +2.36% over the Zacks Consensus Estimate of $6.39 billion. With the consensus EPS estimate being $2.10, the EPS surprise was +2.38%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Genuine Parts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Automotive: $4.13 billion versus the two-analyst average estimate of $4.03 billion. The reported number represents a year-over-year change of +5.5%.Net Sales- Industrial: $2.41 billion compared to the $2.35 billion average estimate based on two analysts. The reported number represents a change of +7.1% year over year.Segment EBITDA- Automotive: $358.32 million compared to the $339.12 million average estimate based on two analysts.Segment EBITDA- Corporate: $-107.81 million versus $-92.09 million estimated by two analysts on average.Segment EBITDA- Industrial: $316.45 million versus $312.36 million estimated by two analysts on average.View all Key Company Metrics for Genuine Parts here>>>

Shares of Genuine Parts have returned +16.5% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Key Takeaways Genuine Parts beat Q2 earnings and sales estimates as revenues rose 6%, led by strong Industrial demand.Industrial sales climbed 7.1%, with EBITDA up 9.8% as growth spanned 11 of 14 end markets.GPC reaffirmed 2026 adjusted EPS guidance and remains on track to split its businesses in Q1 2027. Genuine Parts Company (GPC - Free Report) 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.

GPC 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.

Genuine Parts' 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.

GPC 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.

Genuine Parts 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.

GPC Updates Outlook and Maintains Earnings ViewGPC 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%.

Genuine Parts Builds 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.

GPC stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Key Releases From Auto SpaceAutoliv, Inc. (ALV - Free Report) reported second-quarter 2026 adjusted earnings of $2.43 per share, which increased 10% year over year and came above the Zacks Consensus Estimate of $2.34 by 3.85%. Direct material cost savings and organic sales growth supported the result. Net sales rose 3.3% to $2.80 billion, topping the consensus estimate of $2.76 billion by 1.45%. Autoliv maintained its 2026 guidance for roughly flat organic sales, an adjusted operating margin of 10.5-11% and operating cash flow of around $1.2 billion. Capital expenditure, net, is expected to remain below 5% of sales.

General Motors Company (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Better-than-expected adjusted EBITDA from North America and International segments led to the outperformance. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.

Updates Select Elements of 2026 Outlook

, /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 second quarter ended June 30, 2026.

"The GPC team delivered solid second quarter results, driven by continued sales growth and disciplined execution across our businesses," said Will Stengel, Chairman and Chief Executive Officer. "Our teams performed well despite a dynamic global environment, and we remain on track to complete our planned separation in the first quarter of 2027."

Second Quarter 2026 Results

Sales were $6.5 billion, a 6.0% increase compared to $6.2 billion in the same period of the prior year. The improvement is attributable to a 3.4% increase in comparable sales, a net 1.4% favorable impact of foreign currency and a 1.2% benefit from acquisitions.

Net income was $228 million, or $1.65 per diluted earnings per share. This compares to net income of $255 million, or $1.83 per diluted share in the prior year period.

Adjusted net income was $296 million, or $2.15 per diluted earnings per share. Adjusted net income excludes $69 million of after-tax adjustments, or $0.50 per diluted share, which relates to costs associated with the company's global restructuring initiative and the planned separation of the company's Global Automotive and Global Industrial businesses. This compares to adjusted net income of $292 million, or $2.10 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.

Second Quarter 2026 Segment Highlights

North America Automotive Parts Group ("North America Automotive")

North America Automotive sales were $2.5 billion, up 3.8% from the same period in 2025. The improvement is primarily attributable to a 2.6% increase in comparable sales and a 1.3% benefit from acquisitions. Segment EBITDA of $208 million increased 6.0%, with segment EBITDA margin of 8.2%, up 20 basis points from the same period of the prior year.

International Automotive Parts Group ("International Automotive")

International Automotive sales were $1.6 billion, up 8.2% from the same period in 2025. The improvement is primarily attributable to a 4.9% favorable impact of foreign currency, a 2.7% benefit from acquisitions and a 0.6% increase in comparable sales. Segment EBITDA of $150 million increased 6.0%, with segment EBITDA margin of 9.4%, down 20 basis points from the same period of the prior year.

Industrial Parts Group ("Industrial")

Industrial sales were $2.4 billion, up 7.1% from the same period in 2025. The improvement is primarily attributable to a 6.1% increase in comparable sales, a 0.8% favorable impact of foreign currency and a 0.2% benefit from acquisitions. Segment EBITDA of $316 million increased 9.8%, with segment EBITDA margin of 13.1%, up 30 basis points from the same period of the prior year.

Year to Date 2026 Results

Sales for the six months ended June 30, 2026 were $12.8 billion, up 6.4% from the same period in 2025. Net income for the six months was $416 million, or $3.01 per diluted share. This compares to net income of $449 million, or $3.23 per diluted share, in the prior year period. Adjusted net income increased 1.1% to $541 million in the first half of 2026, compared to adjusted net income of $535 million in the prior year period. Adjusted diluted earnings per share was $3.92 compared to $3.84 in the prior year period, an increase of 2.1%.

Balance Sheet, Cash Flow and Capital Allocation

The company generated cash flow from operations of $464 million for the first six months of 2026. Net cash used in investing activities was $228 million, including $205 million for capital expenditures and $38 million for acquisitions. Net cash used in financing activities was $124 million, including net proceeds of debt (including net commercial paper) of $204 million, partially offset by $288 million for quarterly dividends paid to shareholders. Free cash flow was $259 million for the first six months of 2026. Refer to the reconciliation of GAAP net cash provided by operating activities to free cash flow for more information.

As of June 30, 2026, total liquidity was $2.3 billion, consisting of $559 million in cash, $500 million available under the Delayed Draw Loan Facility, and $1.2 billion of available capacity under the company's $2.0 billion Revolving Credit Agreement. This reflects $70 million drawn on the revolver and $683 million outstanding under our commercial paper program.

2026 Outlook

The company is reaffirming its adjusted diluted earnings per share outlook and updating elements of its previous full-year 2026 outlook provided in its earnings releases on February 17, 2026 and April 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

3% to 5%

2.5% to 4.5%

International Automotive sales growth

3% to 6%

5% to 8%

Industrial sales growth

3% to 6%

3% to 6%

Diluted earnings per share

$6.10 to $6.60

$5.90 to $6.40

Adjusted diluted earnings per share

$7.50 to $8.00

$7.50 to $8.00

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, provide 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 72948#, 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 June 30,

Six Months Ended June 30,

(in thousands, except per share data)

2026

2025

2026

2025

Net sales

$    6,536,951

$    6,164,425

$  12,801,891

$  12,030,494

Cost of goods sold

4,066,244

3,840,037

7,992,220

7,532,422

Gross profit

2,470,707

2,324,388

4,809,671

4,498,072

Operating expenses:

Selling, administrative and other

     expenses

1,917,508

1,771,195

3,774,338

3,480,874

Depreciation and amortization

134,716

123,018

265,744

238,453

Provision for doubtful accounts

10,998

7,625

18,101

13,480

Restructuring and other costs

71,149

45,712

128,881

100,482

Total operating expenses

2,134,371

1,947,550

4,187,064

3,833,289

Non-operating expense (income):

Interest expense, net

45,800

40,211

89,753

77,427

Other

(3,294)

(1,930)

(6,369)

(2,838)

Total non-operating expense

42,506

38,281

83,384

74,589

Income before income taxes

293,830

338,557

539,223

590,194

Income taxes

66,272

83,677

123,130

140,922

Net income

$      227,558

$      254,880

$      416,093

$      449,272

Dividends declared per common share

$        1.0625

$        1.0300

$        2.1250

$        2.0600

Basic earnings per share

$            1.65

$            1.83

$            3.02

$            3.23

Diluted earnings per share

$            1.65

$            1.83

$            3.01

$            3.23

Weighted average common shares
     outstanding

137,773

138,990

137,698

138,887

Dilutive effect of stock options and non-
     vested restricted stock awards

204

254

319

320

Weighted average common shares
     outstanding – assuming dilution

137,977

139,244

138,017

139,207

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 June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

Net sales:

North America Automotive

$    2,537,236

$    2,444,377

$    4,900,268

$    4,709,158

International Automotive

1,588,112

1,467,904

3,173,628

2,868,011

Industrial

2,411,603

2,252,144

4,727,995

4,453,325

Segment EBITDA:

North America Automotive

208,328

196,500

364,533

343,495

International Automotive

149,991

141,492

294,836

280,004

Industrial

316,447

288,138

630,567

566,849

Corporate EBITDA (1)

(107,813)

(78,632)

(227,338)

(169,757)

Interest expense, net

(45,800)

(40,211)

(89,753)

(77,427)

Depreciation and amortization

(134,716)

(123,018)

(265,744)

(238,453)

Other unallocated costs

(92,607)

(45,712)

(167,878)

(114,517)

Income before income taxes

293,830

338,557

539,223

590,194

Income taxes

(66,272)

(83,677)

(123,130)

(140,922)

Net income

$       227,558

$       254,880

$       416,093

$       449,272

(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 June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

Other unallocated costs:

Restructuring and other costs (2)

$       (76,438)

$       (45,712)

$     (134,170)

$     (100,482)

Separation costs (3)

(16,169)

—

(33,708)

—

Acquisition and integration related
     costs and other (4)

—

—

—

(14,035)

Total other unallocated costs

$       (92,607)

$       (45,712)

$     (167,878)

$     (114,517)

(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)

June 30, 2026

December 31, 2025

Assets

Current assets:

Cash and cash equivalents

$              559,118

$              477,179

Trade accounts receivable, net

2,652,749

2,370,939

Merchandise inventories, net

6,287,933

6,071,996

Prepaid expenses and other current assets

1,565,881

1,644,620

Total current assets

11,065,681

10,564,734

Goodwill

3,190,572

3,188,815

Other intangible assets, net

1,774,401

1,855,714

Property, plant and equipment, net

2,152,789

2,172,140

Operating lease assets

2,018,088

2,084,487

Other assets

856,762

929,650

Total assets

$          21,058,293

$          20,795,540

Liabilities and equity

Current liabilities:

Trade accounts payable

$           6,279,867

$            6,051,882

Short-term borrowings

752,474

943,540

Current portion of long-term debt

250,000

353,788

Dividends payable

148,070

143,291

Other current liabilities

2,117,656

2,295,204

Total current liabilities

9,548,067

9,787,705

Long-term debt

3,976,648

3,498,423

Operating lease liabilities

1,673,663

1,739,478

Pension and other post–retirement benefit liabilities

219,833

219,270

Deferred tax liabilities

378,977

385,948

Other long-term liabilities

717,316

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 –
     137,859,581 shares; 2025 – 137,617,832 shares

137,860

137,618

Additional paid-in capital

244,572

228,370

Accumulated other comprehensive loss

(548,532)

(511,766)

Retained earnings

4,692,112

4,568,769

Total parent equity

4,526,012

4,422,991

Noncontrolling interests in subsidiaries

17,777

17,372

Total equity

4,543,789

4,440,363

Total liabilities and equity

$          21,058,293

$          20,795,540

GENUINE PARTS COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

Six Months Ended June 30,

(in thousands)

2026

2025

Operating activities:

Net income

$   416,093

$   449,272

Adjustments to reconcile net income to net cash provided by (used in)
     operating activities:

Depreciation and amortization

265,744

238,453

Share-based compensation

29,698

24,180

Other operating activities, including changes in operating assets and
      liabilities

(247,421)

(542,790)

Net cash provided by operating activities

464,114

169,115

Investing activities:

Purchases of property, plant and equipment

(205,391)

(248,822)

Proceeds from sale of property, plant and equipment

17,884

19,451

Acquisitions of businesses

(37,613)

(111,973)

Proceeds from divestitures of businesses

6,718

59

Other investing activities

(9,604)

23,335

Net cash used in investing activities

(228,006)

(317,950)

Financing activities:

Proceeds from debt

791,217

21,405

Payments on debt

(926,328)

(522,637)

Net proceeds of commercial paper

338,853

916,587

Shares issued from employee incentive plans

(13,254)

(15,254)

Dividends paid

(287,972)

(277,306)

Other financing activities

(26,679)

(20,268)

Net cash provided by (used in) financing activities

(124,163)

102,527

Effect of exchange rate changes on cash and cash equivalents

(30,006)

24,310

Net increase (decrease) in cash and cash equivalents

81,939

(21,998)

Cash and cash equivalents at beginning of period

477,179

479,991

Cash and cash equivalents at end of period

$   559,118

$   457,993

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 June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

GAAP net income

$      227,558

$      254,880

$      416,093

$      449,272

Adjustments:

Restructuring and other costs (1)

76,438

45,712

134,170

100,482

Separation costs (2)

16,169

—

33,708

—

Acquisition and integration related
     costs and other (3)

—

—

—

14,035

Total adjustments

92,607

45,712

167,878

114,517

Tax impact of adjustments (4)

(23,931)

(8,805)

(43,186)

(28,929)

Adjusted net income

$      296,234

$      291,787

$      540,785

$      534,860

The table below represents amounts per common share assuming dilution:

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands, except per share data)

2026

2025

2026

2025

GAAP diluted net income per common share

$           1.65

$           1.83

$           3.01

$           3.23

Adjustments:

Restructuring and other costs (1)

0.55

0.33

0.97

0.72

Separation costs (2)

0.12

—

0.24

—

Acquisition and integration related
costs and other (3)

—

—

—

0.10

Total adjustments

0.67

0.33

1.21

0.82

Tax impact of adjustments (4)

(0.17)

(0.06)

(0.30)

(0.21)

Adjusted diluted net income per
      common share

$           2.15

$           2.10

$           3.92

$           3.84

Weighted average common shares
      outstanding – assuming dilution

137,977

139,244

138,017

139,207

(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 six months ended June 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 $24 million and $43 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 June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

Line item:

Cost of goods sold

$          5,289

$                —

$           5,289

$                —

Selling, administrative and other
expenses

16,169

—

33,708

14,035

Restructuring and other costs

71,149

45,712

128,881

100,482

Total adjustments

$        92,607

$        45,712

$       167,878

$       114,517

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 June 30,

Six Months Ended June 30,

(in thousands)

2026

2025

2026

2025

GAAP selling, administrative and
     other expenses

$   1,917,508

$   1,771,195

$   3,774,338

$   3,480,874

Adjustments:

Separation costs

(16,169)

—

(33,708)

—

Acquisition and integration related
      costs and other

—

—

—

(14,035)

Total adjustments (1)

(16,169)

—

(33,708)

(14,035)

Adjusted selling, administrative and
     other expenses

$   1,901,339

$   1,771,195

$   3,740,630

$   3,466,839

Net sales

$   6,536,951

$   6,164,425

$ 12,801,891

$ 12,030,494

GAAP SG&A expenses as a
     percentage of net sales

29.3 %

28.7 %

29.5 %

28.9 %

Adjusted SG&A expenses as a
     percentage of net sales

29.1 %

28.7 %

29.2 %

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 June 30, 2026

Comparable
Sales

Acquisitions

Foreign
Currency

Other

GAAP Total
Net Sales

North America Automotive

2.6 %

1.3 %

— %

(0.1) %

3.8 %

International Automotive

0.6 %

2.7 %

4.9 %

— %

8.2 %

Industrial

6.1 %

0.2 %

0.8 %

— %

7.1 %

Total Net Sales

3.4 %

1.2 %

1.4 %

— %

6.0 %

Six Months Ended June 30, 2026

Comparable
Sales

Acquisitions

Foreign
Currency

Other

GAAP Total
Net Sales

North America Automotive

2.4 %

1.4 %

0.4 %

(0.1) %

4.1 %

International Automotive

0.4 %

2.5 %

7.8 %

— %

10.7 %

Industrial

5.0 %

0.2 %

1.0 %

— %

6.2 %

Total Net Sales

2.9 %

1.2 %

2.3 %

— %

6.4 %

GENUINE PARTS COMPANY AND SUBSIDIARIES
RECONCILIATION OF GAAP NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE
CASH FLOW
 (UNAUDITED)

Six Months Ended June 30,

(in thousands)

2026

2025

Net cash provided by operating activities

$                   464,114

$                   169,115

Purchases of property, plant and equipment

(205,391)

(248,822)

Free cash flow

$                   258,723

$                   (79,707)

For the Year Ending December 31, 2026

Net cash provided by operating activities

$1.0 billion to $1.2 billion

Purchases of property, plant and equipment             

$450 million to $500 million

Free cash flow

$550 million to $700 million

SOURCE Genuine Parts Company