Genuine Parts Q2 sales up 6%, full-year EPS guidance lowered

US-based automotive parts distributor Genuine Parts Company (GPC) has reported second-quarter 2026 results showing a 6% year-on-year emergence successful sales, lowering its full-year EPS guidance.

Sales for the 3 months to 30 June 2026 came successful astatine $6.53bn, compared with $6.16bn successful the corresponding play past year.

The maturation was driven by a 3.4% summation successful comparable sales, a 1.4% boost from favourable currency movements, and a further 1.2% publication from acquisitions.

Net income declined to $227.5m successful the 2nd quarter, down from $254.8m a twelvemonth earlier.

Diluted net per stock (EPS) fell to $1.65 from $1.83 implicit the aforesaid period.

On an adjusted basis, nett income accrued to $296.2m, oregon $2.15 per diluted share, up from $291.7m, oregon $2.10 per diluted share, successful the prior-year quarter.

The adjusted fig stripped retired $69m successful after-tax charges, oregon $0.50 per diluted share, tied to the company's planetary restructuring programme and the planned divided of its Global Automotive and Global Industrial businesses.

Segment show was mixed. The North America Automotive Parts Group recorded a 3.8% income summation to $2.53bn.

The International Automotive Parts Group posted stronger maturation of 8.2%, reaching $1.58bn and the Industrial Parts Group saw income ascent 7.1% to $2.41bn.

Over the archetypal six months of the year, income accrued 6.4% to $12.80bn, portion nett income for the half-year play fell to $416.09m compared with $449.2m successful the aforesaid play a twelvemonth earlier.

GPC president and CEO Will Stengel said: "The GPC squad delivered coagulated 2nd 4th results, driven by continued income maturation and disciplined execution crossed our businesses.

"Our teams performed good contempt a dynamic planetary environment, and we stay connected way to implicit our planned separation successful the archetypal 4th of 2027."

Looking ahead, the institution maintained its adjusted diluted EPS outlook for the afloat twelvemonth astatine $7.5 to $8 but revised its diluted EPS guidance downward to a scope of $5.9 to $6.4, from the antecedently stated $6.1 to $6.6.

The accommodation accounts for anticipated restructuring expenses and costs already incurred successful transportation with the planned concern separation.

Guidance for concern income maturation remained unchanged astatine 3% to 6%, arsenic did the wide income maturation forecast of 3% to 5.5%.

The results travel an announcement successful February, erstwhile GPC outlined plans to abstracted its automotive and concern operations done a tax-free divided into 2 independently listed companies, targeted for completion by aboriginal 2027.