GENUINE PARTS CO

GENUINE PARTS CO (GPC) announced the execution of Amendment No. 7 to its Syndicated Facility Agreement, effective April 28, 2026. This amendment establishes new Term Loan A Facilities, comprising $500 million in Initial Term A Commitments and $500 million in Delayed Draw Term A Commitments, totaling $1 billion. The proceeds from these new loans will be utilized by the company to repay existing indebtedness of GPC and its subsidiaries.

Genuine Parts Company filed its Form 10-Q for the quarter ended March 31, 2026, reporting an increase in total current assets to $10.88 billion from $10.56 billion at year-end 2025. Cash and cash equivalents also rose to $500 million. The company's trade accounts receivable and merchandise inventories saw increases, reflecting ongoing business activity.

Genuine Parts Company reported first-quarter 2026 results ahead of expectations, with sales increasing 6.8% to $6.3 billion. Adjusted diluted EPS rose to $1.77, up from $1.75 in the prior year, despite a slight GAAP net income decrease due to restructuring costs. The company reaffirmed its full-year outlook and confirmed its planned business separation is on track for Q1 2027.