Genuine Parts Q2 revenue beats on comparable sales growth; plans business separation in Q1 2027

• COMPARABLE SALES GROWTH - Q2 sales rose 3.4% on a comparable basis, contributing to overall revenue growth
• ACQUISITIONS AND CURRENCY - Acquisitions added 1.2% and foreign currency 1.4% to total sales growth
• RESTRUCTURING AND SEPARATION COSTS - Net income was impacted by $69 mln in after-tax costs related to restructuring and the planned business separation

Analyst coverage:

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
• Wall Street's median 12-month price target for Genuine Parts Co is $135.00, about 10.3% above its July 20 closing price of $122.40
• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

• US auto and industrial parts distributor's Q2 revenue rose 6%, beating analyst expectations
• Adjusted EPS for Q2 was $2.15, beating analyst expectations
• Company reaffirmed 2026 adjusted EPS outlook and plans business separation in Q1 2027