Genuine Parts lowered its profit and North American auto-sales expectation for the full year, while second-quarter profit fell despite an uptick in sales growth.

The automotive and industrial replacement parts company on Tuesday narrowed its 2026 diluted earnings per share outlook and trimmed its North American automotive sales forecast, pointing to softer regional demand and higher restructuring and separation-related costs now reflected in its earnings range.

Genuine Parts expects earnings per share of $5.90 to $6.40, compared with a previous range of $6.10 to $6.60.

While total sales growth is still expected to be between 3% to 5.5% in 2026, automotive sales growth is expected to grow at a rate of between 2.5% and 4.5%, compared with expectations of 3% to 5% previously. International automotive sales growth is pegged at a range of 5% to 8%, up from expectations of 3% to 6% growth.

Adjusted earnings expectations remain unchanged at $7.50 to $8.00 a share.

For the second quarter, the company reported a decline in net income to $227.6 million, or $1.65 a share, down from $254.9 million, or $1.83 a share, in the same quarter a year ago.

Adjusted earnings, which strips out exceptional items and one-off costs, came to $2.15 a share, topping analyst forecasts of $2.08 a share, according to analyst consensus, taken from FactSet.

Net sales rose to $6.54 billion from $6.16 billion. Analysts had expected a rise to $6.43 billion.

Genuine Parts credits the sales growth to a 3.4% increase in comparable sales, as well as the favorable impact of foreign currency and contributions from acquisitions.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 21, 2026 07:20 ET (11:20 GMT)

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