GENUINE PARTS CO Q1 FY26 Results

Summary

Genuine Parts Company reported first quarter 2026 results with sales of $6.3 billion, a 6.8% increase compared to the prior year. Net income was $189 million, or $1.37 per diluted share. The company reaffirmed its full-year 2026 guidance, projecting total sales growth of 3% to 5.5% and adjusted diluted earnings per share of $7.50 to $8.00. Management noted the company is making strong progress on its announced separation which remains on track for completion in the first quarter of 2027.

Key Highlights

1. 1

   Genuine Parts Company's sales increased by 6.8% to $6.3 billion in the first quarter of 2026 compared to the same period last year.

2. 2

   Comparable sales increased by 2.4%, acquisitions contributed a 1.3% benefit, and foreign currency had a net favorable impact of 3.1% on sales.

3. 3

   Net income was $189 million, resulting in $1.37 per diluted earnings per share for the first quarter of 2026.

4. 4

   Adjusted net income was $245 million, or $1.77 per diluted earnings per share, excluding a net expense of $56 million after tax adjustments.

5. 5

   North America Automotive sales increased by 4.3% to $2.4 billion, with a segment EBITDA margin of 6.6%, up 10 basis points.

6. 6

   International Automotive sales were $1.6 billion, up 13.2%, driven by a 10.6% favorable impact of foreign currency.

7. 7

   Industrial sales increased by 5.2% to $2.3 billion, with a segment EBITDA margin of 13.6%, up 90 basis points.