Genuine Parts Cuts 2026 Profit Outlook Despite Higher Quarterly Sales
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Genuine Parts Company cut its 2026 profit outlook on Oct. 20 despite higher third-quarter sales and adjusted earnings, as the parts distributor moves toward a planned business separation. The revised range for adjusted diluted earnings per share is $7.50 to $7.75, compared with $7.50 to $8.00 previously. Genuine Parts also lowered its forecast for diluted earnings per share under standard accounting rules, or GAAP, to $5.60 to $5.85 from $5.90 to $6.40. Sales rose 4.2% from a year earlier to $6.52 billion in the quarter ended Sept. 30. Adjusted diluted earnings increased to $2.07 per share from $1.98.
Source: TokenPost
