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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

Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when Genuine Parts (GPC - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis auto and industrial parts distributor is expected to post quarterly earnings of $2.10 per share in its upcoming report, which represents no change from the year-ago quarter.

Revenues are expected to be $6.39 billion, up 3.6% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Genuine Parts?For Genuine Parts, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.33%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Genuine Parts will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Genuine Parts would post earnings of $1.81 per share when it actually produced earnings of $1.77, delivering a surprise of -2.21%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Genuine Parts appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

6.7.2026 15:50

Index Dow Jones -0,1 % na 52848,66 b. S&P 500 +0,44 % na 7516,13 b. Nasdaq Composite +0,91 % na 26067,65 b.

Obchodní den po prodlouženém víkendu začíná smíšeně. Index Dow Jones kosmeticky ztrácí, povedlo se mu ale po otevření poprvé překonat 53000 b. Tahounem indexu s růstem nad 2 % je Caterpillar (2,55 %) a Goldmman Sachs Group (2,41 %).

Z indexu S&P 500 posilují zejména informační technologie, kterých růst se propisuje i do indexu Nasdaq. Nejslabším sektorem je zdravotnictví. Pfizer ztrácí 2,06 %, Eli Lilly odepisuje 1,16 % a Johnson & Johnson klesá o 1,81 %.

Z technologií dnes opět rostou čipové společnosti. Broadcom a AMD posilují o víc, než 6 %, Nvidia se obchoduje na kladné nule.

Microsoft (-1,65 %) se chystá na další vlnu propouštění, která tentokrát zasáhne divize prodeje a Xbox. Celkem se má společnost zeštíhlit o přibližně 2 % pracovní síly, tedy 4 800 míst. Společnost se snaží o zefektivnění nákladů a tlačí na zvyšování efektivity všech divizí. Microsoft zvažuje i změnu struktury herní divize s možným prodejem několika studií.

OPEC o víkendu oznámil záměr zvýšit těžbu černého zlata. V srpnu by se měl objem navýšit o 188 tis barelů denně. Futures kontrakty na WTI reagují mírným poklesem. Aktuálně se barel obchoduje pod USD 69.

Index S&P 500 +0,44 % na 7516,13 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,6 % Zdravotní péče -1,8 % Průmysl +1,2 % Nezbytná spotřeba -0,8 % Finanční sektor +0,2 % Reality -0,6 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Western Digital Corp (WDC) +9,0 % O'Reilly Automotive (ORLY) -5,2 % Advanced Micro Devices (AMD) +7,5 % AutoZone (AZO) -4,7 % Vertiv Holdings (VRT) +7,4 % Constellation Brands (STZ) -3,8 % Teradyne (TER) +7,1 % SBA Communications Corp (SBAC) -3,7 % GE Vernova (GEV) +6,5 % Genuine Parts (GPC) -3,6 %
Marek Kameništiak
Fio banka, a.s.
Prohlášení

Genuine Parts (GPC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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, plans to release second quarter financial results on July 21, 2026. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the company's investor relations website. The call is also available by dialing 1-800-836-8184. A replay of the call will be available on the company's website or toll-free at 1-888-660-6345, ID 72948#, two hours after completion of the conference 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.

SOURCE Genuine Parts Company

Also from this source

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Genuine Parts (NYSE:GPC | GPC Price Prediction) is a stock built to be owned for decades, because its 70 consecutive years of dividend increases were earned by a distribution business whose customers cannot choose to skip the purchase. That is the entire forever thesis in one sentence, and the rest of this piece simply unpacks why a retirement-focused investor can set this position aside and let it work.

Pillar 1: A Distribution Moat That Does Not Bend The durability case rests on what the company actually does. Genuine Parts operates NAPA, Motion, and Repco across a fragmented $200B automotive aftermarket and $150B global industrial distribution market, and its edge is logistical rather than technological. The average U.S. passenger vehicle is now over 12.5 years old, and as repair displaces replacement, commercial shops need parts in under an hour. That localized B2B network is extremely hard to replicate, which is why Q1 2026 produced revenue of $6.264 billion, up 6.8% year-over-year, with the Industrial segment expanding EBITDA margin 90 basis points to 13.6%. Demand here is non-discretionary, and that is the foundation that lets management plan in decades.

Pillar 2: Income You Can Actually Spend The compounding case is the cleanest part of the story. The annual dividend was raised 3.2% to $4.25 per share, with the current quarterly payout at $1.0625 and a yield running over 4.3%. The quarterly amount has climbed from $0.26 in 1999 to $1.0625 in 2026 without a single flat or down year, including through 2008 and 2020. CFO Bert Nappier reinforced the policy on the Q1 call: “We’ve increased the dividend again for 2026. It’s an important part of the current GPC capital allocation structure, and it will be going forward as well.” Management has also committed to investment-grade ratings for both post-separation entities.

Pillar 3: Why It Survives Cycles Survivability comes from low beta and steady cash generation. The stock carries a beta of 0.679, FY2026 guidance calls for operating cash flow of $1.0B to $1.2B and free cash flow of $550M to $700M, and the planned tax-free separation into Global Automotive and Global Industrial, targeted for Q1 2027, sharpens capital allocation without changing the underlying demand picture.

When It Underperforms, And Why It Doesn’t Matter In sharp risk-on rallies led by high-multiple growth names, a defensive distributor trading at a forward P/E of 13 will lag. Shares are down 15.16% year-to-date and 14.1% over one year, weighed down by a $741.97 million non-cash pension settlement charge and an S&P credit downgrade citing leverage at or above 4x through 2026. None of that touches the dividend, the network, or the structural demand from aging vehicles. For long-term holders, the focus is on the next 20 years of payout growth, and quarters like these are when shares can be accumulated at a yield north of 4%.

For long-term holders, the thesis rests on reinvested dividends and patience through price volatility.

For the quarter ended March 2026, Genuine Parts (GPC - Free Report) reported revenue of $6.26 billion, up 6.8% over the same period last year. EPS came in at $1.77, compared to $1.75 in the year-ago quarter.

The reported revenue represents a surprise of +1.55% over the Zacks Consensus Estimate of $6.17 billion. With the consensus EPS estimate being $1.81, the EPS surprise was -1.94%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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- North America: $2.36 billion versus the two-analyst average estimate of $2.36 billion. The reported number represents a year-over-year change of +4.3%.Net Sales- Automotive: $3.95 billion versus $3.81 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.Net Sales- Industrial: $2.32 billion versus $2.34 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.Segment EBITDA- Automotive: $301.05 million compared to the $298.53 million average estimate based on two analysts.Corporate EBITDA: $-119.53 million versus the two-analyst average estimate of $-100.6 million.Segment EBITDA- Industrial: $314.12 million versus $303.46 million estimated by two analysts on average.View all Key Company Metrics for Genuine Parts here>>>

Shares of Genuine Parts have returned +11.4% over the past month versus the Zacks S&P 500 composite's +9.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Genuine Parts (NYSE:GPC) shares are up about 1.43% at last check on Tuesday following the company's first-quarter earnings report.

Genuine Parts Company (GPC) reported fairly good Q1 results in a volatile environment. The Industrial and N.A. Automotive segments showed confident earnings, while International Automotive expectedly struggled more in a shaky market environment. GPC reaffirmed its 2026 financial guidance, which is clearly positive. The conflict in Iran could cause volatility in forward earnings.

Examine Genuine Parts' (GPC) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

Altria Group (NYSE:MO | MO Price Prediction), Coca-Cola (NYSE:KO), and Genuine Parts Company (NYSE:GPC) are three of the most reliable dividend payers in the market.

Strategic acquisition expands GPC's fiber network and strengthens its long-standing commitment to Nebraska communities Strategic acquisition expands GPC's fiber network and strengthens its long-standing commitment to Nebraska communities