Genuine Parts Company posts 7.1% sales increase for second quarter
Genuine Parts Company, a global service provider of automotive and industrial replacement parts and value-added solutions, reported second quarter sales were $6.5 billion, a 6.0% increase compared to $6.2 billion in the same period of the prior year.
The improvement is attributable to a 3.4% increase in comparable sales, a net 1.4% favorable impact of foreign currency and a 1.2% benefit from acquisitions.
"The GPC team delivered solid second quarter results, driven by continued sales growth and disciplined execution across our businesses," said Chairman and Chief Executive Officer Will Stengel. "Our teams performed well despite a dynamic global environment, and we remain on track to complete our planned separation in the first quarter of 2027."
Net income was $228 million, or $1.65 per diluted earnings per share. This compares to net income of $255 million, or $1.83 per diluted share in the prior year period.
Industrial sales were $2.4 billion, up 7.1% from the same period in 2025. The improvement is primarily attributable to a 6.1% increase in comparable sales, a 0.8% favorable impact of foreign currency and a 0.2% benefit from acquisitions. Segment EBITDA of $316 million increased 9.8%, with segment EBITDA margin of 13.1%, up 30 basis points from the same period of the prior year.
Company sales for the six months ended June 30, 2026 were $12.8 billion, up 6.4% from the same period in 2025. Net income for the six months was $416 million, or $3.01 per diluted share. This compares to net income of $449 million, or $3.23 per diluted share, in the prior year period. Adjusted net income increased 1.1% to $541 million in the first half of 2026, compared to adjusted net income of $535 million in the prior year period. Adjusted diluted earnings per share was $3.92 compared to $3.84 in the prior year period, an increase of 2.1%.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Global Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
