Form 10-Q · Quarterly report
Genuine Parts Company 10-Q, filed Oct 20, 2026
- Filed
- CIK
- 0000040987
- Accession no.
- 0000040987-26-000041
Summary
Genuine Parts Company reported third-quarter 2026 net sales of $6.52 billion, up 4.2% from a year earlier, as restructuring and separation-related costs contributed to a 0.8% decline in net income to $224.4 million and adjusted net income rose 3.8%. The company reiterated that it intends to split into two independent, publicly traded businesses — Global Automotive and Global Industrial — a separation announced on February 17, 2026 and targeted for completion in the first quarter of 2027, and said tariffs and Middle East conflict-driven fuel and freight costs continued to pressure costs.
Key points
- Net sales for the nine months ended September 30, 2026 rose 5.6% to $19.32 billion, while net income fell 5.2% to $640.5 million.
- Third-quarter comparable sales increased 2.9%, including an estimated 2.5% of price inflation with tariff-related effects.
- The company said it has no operations in the Middle East but experienced higher fuel and freight costs, primarily in International Automotive.
- Genuine Parts filed refund claims after a February 20, 2026 U.S. Supreme Court decision invalidated certain tariffs imposed under the International Emergency Economic Powers Act; its exposure as importer of record is less than 0.5% of total purchases and claims and refunds through September 30, 2026 were not material.
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 nine months ended September 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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