By Adriano Marchese
Genuine Parts expects higher revenue but shaved the top end of its adjusted earnings guidance after third-quarter sales rose but profit remained unchanged.
The service provider of automotive and industrial replacement parts now expects revenue growth to rise 3% to 4%, up from a previous 1% to 3% but narrowed the top end of its adjusted earnings per-share expectation by 25 cents. The new range is now $7.50 to $7.75, compared with $7.50 to $8.00.
On Tuesday, the company reported a virtually unchanged net income of $226.2 million, and $1.62 a share. A year earlier, net income was $226.6 million, and $1.62 a share.
Adjusted earnings were $1.98 a share. According to FactSet, analysts were expecting $1.99 a share.
Net sales rose to $6.26 billion from $5.97 billion, beating analyst expectations of $6.12 billion. Genuine Parts credits the rise to a 2.3% rise in comparable sales in the quarter, as well as a 1.8% benefit from acquisitions.
Chief Executive Will Stengel said that it advanced its strategic initiatives in the quarter as it tried to balance costs in an inflationary environment.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 21, 2025 07:21 ET (11:21 GMT)
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