Genuine Parts Company Reports Second Quarter 2026 Results; Reaffirms 2026 Outlook for Adjusted EPS of $7.50 to $8.00

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    "url": "https://www.prnewswire.com/news-releases/genuine-parts-company-reports-second-quarter-2026-results-reaffirms-2026-outlook-for-adjusted-eps-of-7-50-to-8-00--302830155.html",
    "title": "Genuine Parts Company Reports Second Quarter 2026 Results; Reaffirms 2026 Outlook for Adjusted EPS of $7.50 to $8.00",
    "excerpt": "Updates Select Elements of 2026 Outlook ATLANTA , July 21, 2026 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC ), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its results for the second quarter ended June 30, 2026. \"The GPC team delivered solid second quarter results, driven by continued sales growth and disciplined execution across our businesses,\" said Will Stengel, Chairman and Chief Executive Officer. \"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.\" Second Quarter 2026 Results Sales were $6.5 billion, a 6.0% increase compared to $6.2 billion in the same period of the prior year. The improvement is attributable to a 3.4% increase in comparable sales, a net 1.4% favorable impact of foreign currency and a 1.2% benefit from acquisitions. Net income was $228 million, or $1.65 per diluted earnings per share. This compares to net income of $255 million, or $1.83 per diluted share in the prior year period. Adjusted net income was $296 million, or $2.15 per diluted earnings per share. Adjusted net income excludes $69 million of after-tax adjustments, or $0.50 per diluted share, which relates to costs associated with the company's global restructuring initiative and the planned separation of the...",
    "summary": "Genuine Parts Company reported sales of $6.5 billion for the second quarter ended June 30, 2026, a 6.0% increase from the prior year.",
    "location": "Atlanta, Georgia, USA",
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