Genuine Parts Q2 revenue beats on comparable sales growth; plans business separation in Q1 2027

Genuine Parts

21/07/2026 12:08

    

    Overview
  
US auto and industrial parts distributor's Q2 revenue rose 6%, beating analyst expectations
Adjusted EPS for Q2 was $2.15, beating analyst expectations
Company reaffirmed 2026 adjusted EPS outlook and plans business separation in Q1 2027

    

    Outlook
  
Genuine Parts reaffirms 2026 adjusted diluted EPS outlook of $7.50 to $8.00
Company lowers 2026 GAAP diluted EPS outlook to $5.90-$6.40 from $6.10-$6.60
Company narrows 2026 North America Automotive sales growth outlook to 2.5%-4.5%

    

    Result Drivers
  
COMPARABLE SALES GROWTH - Q2 sales rose 3.4% on a comparable basis, contributing to overall revenue growth
ACQUISITIONS AND CURRENCY - Acquisitions added 1.2% and foreign currency 1.4% to total sales growth
RESTRUCTURING AND SEPARATION COSTS - Net income was impacted by $69 mln in after-tax costs related to restructuring and the planned business separation

    
Company press release: ID:nPn4Yl8HSa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Sales
Beat
$6.54 bln
$6.43 bln (8 Analysts)
Q2 Adjusted EPS
Beat
$2.15
$2.08 (9 Analysts)
Q2 EPS
 
$1.65
 
Q2 Net Income
 
$227.56 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "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 $135.00, about 10.3% above its July 20 closing price of $122.40
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

    

    Reuters Recommended Reads
  
July 21 - GM beats Q2 revenue, adjusted EPS expectations, raises 2026 outlook
July 21 - 3M lifts annual profit forecast as industrial unit remains resilient
July 20 - Sweden's Hexpol Q2 sales, operating profit beat estimates 

    
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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.)