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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$6.26 bln
$6.12 bln (9 Analysts)
Q3 ADJUSTED EPS
Miss
$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
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(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.)