Genuine Parts Q1 Sales Rise 6.8% to $6.3B, Reaffirms 2026 Growth Guidance
Genuine Parts Company posted first quarter sales of $6.3 billion, up 6.8% year-on-year on 2.4% comparable growth and acquisitions, delivering net income of $189 million ($1.37/share) and adjusted EPS of $1.77. The company reaffirmed 2026 sales growth guidance of 3–5.5% and expects its business separation to complete by Q1 2027.
1. Q1 Financial Highlights
Genuine Parts Company recorded first quarter sales of $6.3 billion, up 6.8% year-on-year, with net income of $189 million, or $1.37 per share, and adjusted EPS of $1.77. Adjusted net income excludes $56 million of restructuring and separation costs.
2. Segment Performance Details
North America Automotive sales rose 4.3% to $2.4 billion with a 6.6% EBITDA margin. International Automotive sales grew 13.2% to $1.6 billion with a 9.1% margin. Industrial sales climbed 5.2% to $2.3 billion with a 13.6% margin, reflecting broad operational strength.
3. Cash Flow and Liquidity
The company generated $64 million of operating cash flow and used $93 million in investing activities, resulting in a $34 million free cash flow deficit. Liquidity stood at $1.3 billion, including $500 million in cash and $838 million of available capacity under its $2.0 billion revolver.
4. 2026 Guidance and Separation Plan
Management reaffirmed 2026 sales growth guidance of 3–5.5%, updated diluted EPS outlook to $6.10–$6.60 and adjusted EPS to $7.50–$8.00, and expects the separation of its Global Automotive and Industrial businesses to complete by Q1 2027.