Genuine Parts Cuts Full-Year Net Profit Guidance on Softening Business Trends, Maintains Sales Forecast

Genuine Parts Company (GPC) lowered its full-year net earnings guidance on Tuesday, citing recent business trends and financial results. The automotive and industrial parts provider now expects fiscal 2026 net income of $5.60 to $5.85 per share, down from its prior outlook of $5.90 to $6.40 per share. Adjusted profit guidance was narrowed to $7.50 to $7.75 per share, compared with the previous range of $7.50 to $8.00. The company reaffirmed its annual total sales growth forecast of 3% to 5.5%. For fiscal 2025, Genuine Parts reported net income of $0.47 per share and adjusted earnings of $7.37 per share, on net sales of $24.300 billion.