Oct 20, 7:47 AM ET
Genuine Parts reported third-quarter 2026 sales of $6.5 billion, up 4.2%, and adjusted diluted EPS of $2.07, up from $1.98 a year earlier, while GAAP diluted EPS was flat at $1.62. The company narrowed its full-year 2026 adjusted EPS outlook to $7.50 to $7.75 from $7.50 to $8.00 and lowered its GAAP diluted EPS outlook to $5.60 to $5.85 from $5.90 to $6.40, which lowers the upper end of expected earnings for shareholders.
- Q3 2026 sales were $6.5 billion, up 4.2%, with comparable sales up 2.9%.
- Q3 GAAP net income was $224 million, or $1.62 per diluted share, versus $226 million, or $1.62, a year earlier; adjusted EPS was $2.07 versus $1.98.
- 2026 adjusted diluted EPS outlook is $7.50 to $7.75, down from $7.50 to $8.00; GAAP diluted EPS outlook is $5.60 to $5.85, down from $5.90 to $6.40.
- Separation of the Automotive and Industrial businesses is on track for launch in the first quarter of 2027.
Read the filing on SEC.gov ↗
Sep 9, 8:41 AM ET
Genuine Parts Company said board member Court Carruthers has been appointed Chief Executive Officer-Elect, effective September 8, 2026, and will become CEO when the planned separation of its Automotive and Industrial businesses closes. The separation is targeted for the first quarter of 2027, and Will Stengel will remain Chairman and CEO until then before joining Motion as its Chairman and CEO. The changes set the leadership structure for the two standalone companies that shareholders will hold after the separation.
- Court Carruthers: CEO-elect effective September 8, 2026, with a base salary of $1,000,000 that rises to $1,200,000 when he becomes CEO at closing
- Separation of Automotive and Industrial businesses targeted for the first quarter of 2027
- Bert Nappier named Executive Vice President, Chief Operating Officer and Chief Financial Officer, effective September 6, 2026; James Howe named Motion President and Chief Operating Officer
- GPC and Motion investor days scheduled for December 8, 2026 and December 9, 2026
Read the filing on SEC.gov ↗
Jul 21, 7:34 AM ET
Genuine Parts reported second quarter 2026 sales of $6.5 billion, up 6.0%, and adjusted diluted EPS of $2.15, up from $2.10. GAAP diluted EPS fell to $1.65 from $1.83, and the company cut its full-year 2026 GAAP EPS outlook while reaffirming its adjusted EPS outlook of $7.50 to $8.00, so shareholders see higher sales and adjusted profit alongside lower GAAP earnings.
- Q2 2026 sales were $6.5 billion, up 6.0% from $6.2 billion, with comparable sales up 3.4%.
- Q2 GAAP net income was $228 million, or $1.65 per diluted share, versus $1.83 a year earlier; adjusted diluted EPS was $2.15 versus $2.10.
- 2026 GAAP diluted EPS outlook was lowered to $5.90 to $6.40 from $6.10 to $6.60; adjusted diluted EPS outlook was reaffirmed at $7.50 to $8.00.
- The planned separation of Global Automotive and Global Industrial remains on track for completion in the first quarter of 2027.
Read the filing on SEC.gov ↗
Apr 28, 4:36 PM ET
On April 28, 2026, Genuine Parts Company amended its syndicated credit agreement to add a $500 million Initial Term Loan A Facility and a $500 million Delayed Draw Term Loan Facility, both maturing October 28, 2027. The same day, the Board declared a regular quarterly dividend of $1.0625 per share, payable July 2, 2026, which shows the new borrowing sits alongside continued cash returns to shareholders.
- Two term loan facilities of $500 million each, with interest at SOFR plus 0.875% to 1.500% or a base rate plus 0.000% to 0.500%, based on the company's senior unsecured credit rating
- Facilities mature October 28, 2027
- Quarterly dividend of $1.0625 per share, payable July 2, 2026 to shareholders of record on June 5, 2026
- At the April 27, 2026 annual meeting, shareholders elected all 11 director nominees, approved named executive officer pay on an advisory basis, and ratified Ernst & Young LLP as auditor for fiscal 2026
Read the filing on SEC.gov ↗
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