Genuine Parts Company (NYSE: GPC) has released its third-quarter 2025 results, reporting sales of $6.3 billion, representing a 4.9% increase from the same period in the prior year. The company's net income was $226 million, slightly lower than the previous year's $227 million, while diluted earnings per share (EPS) remained consistent at $1.62.
However, the adjusted net income, excluding a net expense of $49 million after tax adjustments related to the company's global restructuring initiative, was $276 million. This reflects a 5.3% increase from the same period in the prior year. Adjusted diluted EPS also saw a significant rise, reaching $1.98, up 5.3% from $1.88 in the same period of the prior year.
The company's performance was driven by a 2.3% increase in comparable sales, a 1.8% benefit from acquisitions, and a 0.8% favorable impact from foreign currency and other factors.
Genuine Parts Company also updated its 2025 outlook, now expecting revenue growth to range from 3% to 4%, up from the previous 1% to 3%. Additionally, the company adjusted its expected adjusted diluted EPS to $7.50 to $7.75, compared to the previous range of $7.50 to $8.00.
Will Stengel, President and CEO of Genuine Parts Company, expressed satisfaction with the third-quarter results, emphasizing the company's focus on managing costs in an inflationary environment and its commitment to serving customers with excellence.
These results and outlook update reflect the company's ongoing strategic initiatives and its ability to navigate evolving market conditions. As a result of these announcements, the company's shares have moved -0.97% on the market, and are now trading at a price of $131.81. Check out the company's full 8-K submission here.
