Genuine Parts Lowers FY2025 Guidance Amid Tariffs

Genuine Parts Company reported second-quarter revenue of $6.16 billion, a 3.4% year-over-year increase, with adjusted net income of $292 million, or $2.10 per share, surpassing analyst expectations. GAAP net income declined to $255 million from $296 million a year earlier. The company lowered its 2025 adjusted EPS guidance to a range of $7.50 to $8.00 and now expects annual revenue growth of 1-3%, citing ongoing tariff-related uncertainty and inflationary pressures. Automotive segment sales increased 5%, mainly due to acquisitions and favorable currency effects, while the industrial segment grew modestly. Cost-saving and restructuring initiatives helped mitigate operational challenges in a complex environment. Management remains focused on strategic execution and expects moderate growth ahead.