GENUINE PARTS CO

Genuine Parts Company announced its third quarter 2026 results, with sales increasing 4.2% to $6.5 billion. While net income remained flat at $224 million ($1.62/share), adjusted net income rose to $286 million ($2.07/share). The company is narrowing its full-year adjusted EPS outlook to $7.50-$7.75. Key strategic initiatives include the planned separation of its Automotive and Industrial businesses into two independent companies, expected in Q1 2027.

Genuine Parts Company announced that its Board of Directors declared a regular quarterly cash dividend of $1.0625 per share on the company's common stock. This dividend is scheduled to be paid on October 2, 2026, to shareholders who are on record as of September 4, 2026.

Genuine Parts reported Q2 2026 net sales of $6.537 billion, a 6.05% increase year-over-year, but net income declined 10.72% to $227.558 million, resulting in diluted EPS of $1.65. Year-to-date cash provided by operating activities significantly increased by 174.4% to $464.114 million. The company reiterated its intention to separate into two independent, publicly traded companies, Global Automotive and Global Industrial, targeted for completion in Q1 2027.

Genuine Parts Company reported solid second quarter 2026 results with sales increasing 6.0% to $6.5 billion and adjusted diluted earnings per share rising to $2.15. However, GAAP diluted earnings per share decreased to $1.65, impacted by global restructuring and planned separation costs. The company reaffirmed its 2026 adjusted EPS outlook while updating its GAAP EPS outlook and select other elements, and remains on track to complete the separation of its Global Automotive and Global Industrial businesses in Q1 2027.

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.