Genuine Parts Co. Reports Revenue Growth

By Ahmed Jameison • Tuesday, July 22 15:38 • Permanent Link

Genuine Parts Co. has recently released its 10-Q report. The company operates in two segments, Automotive Parts Group and Industrial Parts Group, distributing automotive and industrial replacement parts, accessories, and solutions. It also provides custom services, accessories, tools, equipment, and operates repair shops and auto care centers under the NAPA brand. As of June 30, 2025, the company conducted business in North America, Europe, and Australasia from more than 10,700 locations.

In the 10-Q, the company discussed its results of operations for the three and six months ended June 30, 2025. Net sales increased by 3.4% to $6.2 billion for the three months and by 2.4% to $12.03 billion for the six months. The Automotive segment accounted for 63% of total revenues for the six months, with net sales increasing by 3.8%, while the Industrial segment accounted for 37% of total revenues, with net sales increasing by 0.2%.

Gross profit increased by 6.6% to $2.32 billion for the three months and by 5.7% to $4.5 billion for the six months, with gross margin increasing by 110 and 120 basis points, respectively. However, SG&A expenses increased by 7.5% to $1.77 billion for the three months and by 8% to $3.48 billion for the six months.

The company's net income declined by 13.8% to $254.88 million for the three months and by 17.5% to $449.27 million for the six months. The decline was primarily driven by higher depreciation and interest expense, increased SG&A expenses, and restructuring and other costs.

The 10-Q report also highlighted that the company's net sales were impacted by the challenging macroeconomic environment, including ongoing trade uncertainty and high interest rates. The report also discussed the impact of global trade tariffs on the company's operations and its ongoing efforts to monitor and mitigate potential risks associated with tariff-related activities. As a result of these announcements, the company's shares have moved 6.3% on the market, and are now trading at a price of $131.70. If you want to know more, read the company's complete 10-Q report here.

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