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GPC — Genuine Parts News Story

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Genuine Parts beats Q3 sales estimates, raises FY guidance

Overview

Genuine Parts Q3 sales rise 4.9% to $6.3 bln, beating analysts' expectations

Adjusted EPS for Q3 was $1.98, just below estimates

Company raises 2025 revenue growth outlook to 3%-4% from 1%-3%

Outlook

Genuine Parts raises 2025 revenue growth forecast to 3%-4% from 1%-3%

Company narrows 2025 adjusted EPS outlook to $7.50-$7.75 from $7.50-$8.00

Genuine Parts expects 2025 automotive sales growth of 4%-5%

Result Drivers

AUTOMOTIVE SALES - Automotive segment sales increased by 5.0%, driven by acquisitions and favorable foreign currency impacts

INDUSTRIAL SALES - Industrial segment sales rose 4.6%, primarily due to a 3.7% increase in comparable sales and a 1.1% benefit from acquisitions

COST MANAGEMENT - Company focused on managing costs amid inflationary pressures, according to CEO Will Stengel

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesBeat$6.26 bln$6.12 bln (9 Analysts)
Q3 ADJUSTED EPSMiss$1.98$1.99 (9 Analysts)
Q3 EPS$1.62
Q3 Net Income$226.17 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy." Wall Street's median 12-month price target for Genuine Parts Co is $137.50, about 4.1% above its October 20 closing price of $131.81 The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago Press Release: ID:nPncc1qVsa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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