Form 10-Q · Quarterly report
Genuine Parts Company 10-Q, filed Jul 21, 2026
- Filed
- CIK
- 0000040987
- Accession no.
- 0000040987-26-000033
Summary
Genuine Parts Company reported second-quarter 2026 net sales of $6.54 billion, up 6.0% year over year, and net income of $227.6 million, down 10.7%, with adjusted net income up 1.5%, citing restructuring and separation-related costs. The company said it continues to target a first-quarter 2027 completion of its planned separation into Global Automotive and Global Industrial, and that Middle East conflict-related fuel and supply-chain costs reduced pretax income by about $20 million.
Key points
- Genuine Parts Company reported second-quarter 2026 net sales of $6.54 billion, up 6.0% year over year, with comparable sales up 3.4%.
- Net income fell 10.7% to $227.6 million, while adjusted net income rose 1.5%, as restructuring and separation-related costs weighed on results.
- The company said it still targets completing its planned separation into Global Automotive and Global Industrial in the first quarter of 2027.
- Middle East conflict-related fuel and supply-chain costs reduced income before income taxes by about $20 million in the second quarter of 2026, and the company submitted refund claims after the U.S. Supreme Court invalidated certain IEEPA tariffs.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview Genuine Parts Company ("GPC") is a leading global service provider of automotive and industrial replacement parts and value-added solutions. We have a long history of growth and innovation dating back to our founding in Atlanta, Georgia, in 1928. Over nearly a century, we’ve built a reputation for delivering excellent customer service, profitable growth and strong cash flow generation. For the six months ended June 30, 2026, we conducted business in North America, Europe and Australasia from more than 10,800 locations. …
An excerpt of the text as filed with the SEC, cut for length.
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