Overview
- Full-year adjusted EPS guidance was reduced to $7.50–$7.75 from $7.50–$8.00, citing $49 million in after-tax restructuring charges and softer automotive demand.
- Third-quarter adjusted EPS came in at $1.98, missing the $1.99 consensus estimate.
- Quarterly revenue reached $6.30 billion, topping expectations of $6.12 billion, and the company raised its 2025 sales growth outlook to 3%–4% from 1%–3%.
- Automotive sales rose 5% year over year largely from acquisitions and currency effects as consumers deferred non-essential repairs due to high rates, inflation and tariffs.
- Genuine Parts is reviewing its portfolio and operations after granting Elliott Investment Management two board seats tied to the activist’s stake exceeding $1 billion.