Feb. 17 at 7:00 PM
Genuine Parts Company shares fell after the company reported weaker-than-expected fourth-quarter results and announced plans to split into two independent businesses.
Adjusted EPS came in at
$1.55 on
$6 billion in revenue, missing Wall Street forecasts of
$1.82 and
$6.1 billion. The adjusted figure excluded
$825 million in charges, largely tied to pension changes. For 2026, the company expects sales growth of 3% to 5.5%, above the 2.5% analysts anticipate, but projects EPS of
$7.50 to
$8, below the
$8.37 consensus.
The company will separate its automotive parts distribution and industrial distribution units. CEO Will Stengel said the move will sharpen focus, simplify operations and unlock long-term value. The auto business generated
$15.4 billion in 2025 sales and
$1.2 billion in EBITDA, while the industrial segment posted
$8.9 billion in sales and
$1.1 billion in EBITDA.
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