US-based automotive parts distributor Genuine Parts Company (GPC) has reported second-quarter 2026 results showing a 6% year-on-year rise in sales, lowering its full-year EPS guidance.
Sales for the three months to 30 June 2026 came in at $6.53bn, compared with $6.16bn in the corresponding period last year.
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The growth was driven by a 3.4% increase in comparable sales, a 1.4% boost from favourable currency movements, and a further 1.2% contribution from acquisitions.
Net income declined to $227.5m in the second quarter, down from $254.8m a year earlier.
Diluted earnings per share (EPS) fell to $1.65 from $1.83 over the same period.
On an adjusted basis, net income increased to $296.2m, or $2.15 per diluted share, up from $291.7m, or $2.10 per diluted share, in the prior-year quarter.
The adjusted figure stripped out $69m in after-tax charges, or $0.50 per diluted share, tied to the company’s global restructuring programme and the planned split of its Global Automotive and Global Industrial businesses.
Segment performance was mixed. The North America Automotive Parts Group recorded a 3.8% sales increase to $2.53bn.
The International Automotive Parts Group posted stronger growth of 8.2%, reaching $1.58bn and the Industrial Parts Group saw sales climb 7.1% to $2.41bn.
Over the first six months of the year, sales increased 6.4% to $12.80bn, while net income for the half-year period fell to $416.09m compared with $449.2m in the same period a year earlier.
GPC chairman and CEO Will Stengel said: “The GPC team delivered solid second quarter results, driven by continued sales growth and disciplined execution across our businesses.
“Our teams performed well despite a dynamic global environment, and we remain on track to complete our planned separation in the first quarter of 2027.”
Looking ahead, the company maintained its adjusted diluted EPS outlook for the full year at $7.5 to $8 but revised its diluted EPS guidance downward to a range of $5.9 to $6.4, from the previously stated $6.1 to $6.6.
The adjustment accounts for anticipated restructuring expenses and costs already incurred in connection with the planned business separation.
Guidance for industrial sales growth remained unchanged at 3% to 6%, as did the overall sales growth forecast of 3% to 5.5%.
The results follow an announcement in February, when GPC outlined plans to separate its automotive and industrial operations through a tax-free split into two independently listed companies, targeted for completion by early 2027.
Under the proposed structure, the business would be divided into Global Automotive and Global Industrial entities.
The Global Automotive arm would concentrate on aftermarket parts and repair networks, operating through brands including NAPA and Repco.
Separately, reports emerged earlier this month that US-based O’Reilly Automotive had put forward a cash offer for GPC’s auto-parts division.
The unit has been valued at $10bn or more in a potential transaction, with an announcement on a possible sale reportedly expected by late summer.
