earnings
confidence high
sentiment neutral
materiality 0.70
Genuine Parts Q2 adjusted EPS $2.15, up from $2.10; reaffirms FY adjusted EPS $7.50-$8.00
GENUINE PARTS CO
- Q2 sales $6.5B (+6% YoY); GAAP EPS $1.65 vs $1.83; adjusted EPS $2.15 vs $2.10.
- North America Automotive sales +3.8% (comparable +2.6%); International Automotive +8.2% (FX benefit 4.9%); Industrial +7.1% (comparable +6.1%).
- Reaffirms FY adjusted EPS $7.50-$8.00; lowers GAAP EPS outlook to $5.90-$6.40 from $6.10-$6.60.
- Updates segment sales growth: N.A. Auto 2.5%-4.5% (prev 3%-5%); Intl Auto 5%-8% (prev 3%-6%); Industrial unchanged.
- Planned separation of Global Automotive and Global Industrial businesses on track for Q1 2027.