GPC reports $2.15 adjusted EPS for Q2, up 2.5% year-over-year, driven by industrial segment strength and margin initiatives.
Genuine Parts reported second-quarter sales of $6.5 billion, a 6% increase from the prior year, driven by growth in its industrial business and margin improvements. Adjusted earnings per share rose to $2.15 from $2.10, a 2.5% year-over-year gain, despite inflationary pressures and costs tied to the Iran conflict.
The company’s industrial segment, Motion, led growth with $2.4 billion in sales, up 7% year-over-year, supported by 6% comparable sales growth and 2.5% price inflation. Restructuring initiatives helped offset higher operating expenses, though depreciation and interest expenses created an $0.08 headwind.
Executives highlighted balanced growth across corporate accounts and end markets, though macroeconomic challenges persisted. The results reflect ongoing efforts to mitigate inflation and geopolitical impacts while expanding industrial operations.