Genuine Parts Company (NYSE:GPC) reported first-quarter results that exceeded analyst expectations and reaffirmed its full-year guidance, with shares moving 2% higher in pre-market trading today.
The company posted adjusted earnings per share of $1.77, slightly above the consensus estimate of $1.75. Revenue reached $6.26 billion, surpassing the $6.17 billion forecast and increasing 6.8% from $5.9 billion in the prior-year period.
Revenue growth was driven by a 2.4% increase in comparable sales, a 1.3% contribution from acquisitions, and a 3.1% favorable impact from foreign exchange.
The company maintained its full-year 2026 outlook, expecting adjusted EPS in the range of $7.50 to $8.00, with the midpoint of $7.75 slightly above the analyst consensus of $7.72. Total sales growth was projected between 3% and 5.5%.
Segment performance was led by the Industrial Parts Group, which reported sales of $2.3 billion, up 5.2% year-over-year, with EBITDA margin expanding 90 basis points to 13.6%.
North America Automotive sales increased 4.3% to $2.4 billion, while International Automotive sales rose 13.2% to $1.6 billion, although margins in that segment declined by 80 basis points.
