Genuine Parts reported second-quarter 2026 sales of $6.54 billion and GAAP net income of $228 million, or $1.65 per diluted share, for the quarter ended June 30, 2026. Adjusted net income was $296 million, or adjusted diluted EPS of $2.15, and the company reaffirmed its full-year 2026 adjusted diluted EPS outlook of $7.50 to $8.00. Management highlighted continued comparable-sales growth and progress on a planned separation of its Global Automotive and Global Industrial businesses targeted for Q1 2027.

Financial Highlights

  • Revenue (Net sales) — $6,536,951 thousand for the three months ended June 30, 2026 (6.0% year-over-year increase vs. $6,164,425 thousand).
  • Gross profit — $2,470,707 thousand for the three months ended June 30, 2026 (as reported).
  • Operating expenses — Selling, administrative and other expenses of $1,917,508 thousand and total operating expenses of $2,134,371 thousand for the quarter.
  • Net income (GAAP) — $227,558 thousand, or diluted EPS $1.65 for the quarter; six-month net income $416,093 thousand, diluted EPS $3.01.
  • Adjusted results — Adjusted net income of $296,234 thousand and adjusted diluted net income per share of $2.15 for the quarter; adjusted diluted EPS reaffirmed for full year 2026 at $7.50 to $8.00.

Business Highlights

  • Comparable sales — Total comparable sales increased 3.4% in Q2 2026 and 2.9% year-to-date through June 30, 2026, driven by performance across segments.
  • Segment performance — North America Automotive comparable sales +2.6% (Q2); International Automotive sales growth supported by foreign currency and acquisitions; Industrial comparable sales +6.1% (Q2).
  • Segment margins — North America Automotive segment EBITDA margin 8.2% (up 20 bps Y/Y); International Automotive EBITDA margin 9.4% (down 20 bps Y/Y); Industrial EBITDA margin 13.1% (up 30 bps Y/Y).
  • Restructuring and separation — Company incurred restructuring and separation-related costs in the quarter as part of a global restructuring initiative and the planned separation of Global Automotive and Global Industrial, targeted for completion in Q1 2027.
  • Liquidity and capital allocation — Total liquidity of $2.3 billion at June 30, 2026 (cash $559 million, $500 million Delayed Draw Loan availability, $1.2 billion revolver capacity); free cash flow of $259 million for the six months ended June 30, 2026.

Original SEC Filing:

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