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Genuine Parts Cuts 2026 Profit Outlook
Genuine Parts cuts 2026 profit forecast as stock drops 8% premarket.
In brief
Genuine Parts cuts 2026 profit forecast as stock drops 8% premarket. Genuine Parts lowered its 2026 profit forecast to $7.50-$7.75 per share after third-quarter earnings beat estimates. Originally reported by BigGo Finance.
Genuine Parts Cuts 2026 Profit Outlook
Genuine Parts Co. narrowed its 2026 adjusted earnings guidance to $7.50-$7.75 a share from $7.50-$8.00.
Stock Slides 8% Before Bell
The stock fell about 8% in premarket trading, below the $6.78 consensus.
Third-Quarter Earnings Beat
Third-quarter adjusted earnings of $2.07 a share beat estimates, with revenue rising 4.2% to $6.52 billion.
Industrial Parts Group Leads
Industrial Parts Group led with 6.1% sales growth, while North America Automotive EBITDA fell 2.9%.
Separation Plan on Track
Genuine Parts says separation into Genuine Parts and Motion remains on track for first quarter of 2027.
Revised Financial Outlook
GAAP forecast cut to $5.60-$5.85 a share, below the $6.78 consensus.
What to remember
Genuine Parts lowered its 2026 profit forecast to $7.50-$7.75 per share after third-quarter earnings beat estimates.
