FMP

FMP

Genuine Parts Shares Edge Higher as Revenue Tops Estimates, Guidance Updated

Genuine Parts Company (NYSE: GPC) shares rose about 2% in intra-day trading on Tuesday after the company reported third-quarter revenue above analyst expectations, though earnings slightly missed forecasts.

The automotive and industrial parts supplier posted adjusted earnings of $1.98 per share, just below the consensus estimate of $2.01. Revenue totaled $6.26 billion, exceeding expectations of $6.12 billion and up 4.9% from the same quarter last year.

Sales in the Automotive Parts Group climbed 5% to $4.0 billion, supported by a 1.6% gain in comparable sales, a 2.3% benefit from acquisitions, and a 1.1% favorable foreign currency impact. The Industrial Parts Group posted a 4.6% increase to $2.3 billion.

For full-year 2025, Genuine Parts raised its total sales growth forecast to 3-4% from the prior 1-3% range but narrowed its adjusted EPS outlook to $7.50-$7.75 from $7.50-$8.00.

Management said it remained focused on disciplined cost management and strategic expansion in key markets.