Genuine Parts Reports Mixed Q1 Results, Revenue Beats
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Atlanta — Genuine Parts Co. reported on Tuesday first-quarter net income of $188.5 million, or $1.37 per share, and adjusted earnings of $1.77 per share. The company posted revenue of $6.26 billion for the period, exceeding the average revenue estimate of $6.17 billion provided by four analysts surveyed by Zacks Investment Research.
The adjusted EPS fell short of the $1.81 analyst expectation, and management maintained full-year earnings guidance in the $7.50 to $8.00 per-share range. CEO Will Stengel said the business delivered results ahead of expectations, and the company reiterated that its announced separation remains on track for completion in the first quarter of 2027.
More context
Timeline
- 1. Prior-year Q1: Genuine Parts recorded GAAP earnings $194.392M, EPS $1.40, revenue $5.866B.
- 2. Pre-report: Four analysts surveyed by Zacks provided consensus Q1 estimates of EPS $1.81 and revenue $6.17B.
- 3. This week (Tuesday): Genuine Parts announced Q1 net income $188.535M, EPS $1.37, adjusted EPS $1.77, revenue $6.264B.
- 4. After results: Company confirmed full-year EPS guidance of $7.50–$8.00 and noted revenue growth of 6.8% year-over-year.
- 5. Corporate update: CEO Will Stengel stated the planned separation remains on track for completion in Q1 2027.
Why it matters
Genuine Parts' mixed results could impact your investments. If you hold shares, watch for the company's progress on its planned separation. Check your portfolio to see how this news might affect you.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
