Genuine Parts Narrows Profit Guidance, Raises Sales Outlook

Genuine Parts reported mixed third-quarter results, with adjusted EPS of $1.98 that slightly missed analyst forecasts while revenue of about $6.3 billion topped expectations. Sales rose roughly 4.9%–5% year‑over‑year, driven by acquisitions, currency effects and a 2.3% comparable‑sales gain, while organic demand in the automotive aftermarket remained weak and pressured margins. The company recorded a $49 million after‑tax restructuring charge (about $0.36 per share) related to cost‑streamlining efforts. Management narrowed full‑year adjusted EPS guidance to $7.50–$7.75 (from a prior $7.50–$8.00) and tightened GAAP EPS guidance while raising its sales growth outlook to roughly 3%–4% and increasing dollar sales guidance. Analysts noted the modest earnings miss and said investors will be watching management commentary for forward guidance signals.