Genuine Parts Beats Q1 Forecasts, Keeps 2027 Two-Company Split on Track

Overview

• Genuine Parts, which reported first-quarter results Tuesday, posted $6.3 billion in sales, up 7% from a year earlier.
• Global Industrial sales reached $2.3 billion, about 5% higher, with comparable sales up 4% and roughly a 3% boost from price inflation.
• An operating-profit measure for Industrial (EBITDA) rose 90 basis points to 13.6%, helped by strategic pricing and better sourcing.
• The company said the plan to split Global Automotive and Global Industrial into two publicly traded firms remains on schedule for completion in the first quarter of 2027.
• Leaders reported no material Q1 impact from Middle East tensions and said they are watching for supply and cost pressures, with more details on the separation expected in July.