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Genuine Parts Company Reports Second Quarter 2026 Results; Reaffirms 2026 Outlook for Adjusted EPS of $7.50 to $8.00

GPC
  • Genuine Parts Company reported second quarter 2026 sales of $6.5 billion, a 6.0% increase from the prior year period.
  • Net income for the quarter was $228 million ($1.65 per diluted share), compared to $255 million ($1.83 per diluted share) in the prior year.
  • Adjusted net income for the quarter was $296 million ($2.15 per diluted share), excluding $69 million in after-tax costs related to restructuring & planned separation.
  • Year-to-date 2026 sales totaled $12.8 billion, up 6.4%, while year-to-date net income was $416 million ($3.01 per diluted share).
  • North America Automotive sales grew 3.8% to $2.5 billion with an EBITDA margin of 8.2%.
  • International Automotive sales increased 8.2% to $1.6 billion, driven by currency & acquisitions, with an EBITDA margin of 9.4%.
  • Industrial Parts Group sales rose 7.1% to $2.4 billion, achieving an EBITDA margin of 13.1%.
  • The company reaffirmed its adjusted diluted earnings per share outlook of $7.50 to $8.00 for the full year 2026.
  • The company updated its diluted earnings per share outlook downward to $5.90 to $6.40 to include costs from restructuring & the planned separation.
  • International Automotive sales growth outlook was raised to 5-8% from a previous 3-6%, while North America Automotive was lowered to 2.5-4.5% from 3-5%.
  • The company generated $464 million in operating cash flow & $259 million in free cash flow during the first six months of 2026.
  • Total liquidity as of June 30, 2026, was $2.3 billion, consisting of cash, a delayed draw loan facility, & a revolving credit agreement.
  • The company remains on track to complete the separation of its Global Automotive & Global Industrial businesses in the first quarter of 2027.
  • GAAP net income was reduced by $128.9 million in the first half of 2026 due to restructuring & separation costs.
  • The company expects total sales growth of 3% to 5.5% for the full year 2026, consistent with previous guidance.