Genuine Parts Reports Strong Q1 Earnings Amid Geopolitical Concerns
Genuine Parts (GPC) reported Q1 sales of $6.3 billion, a 7% increase YoY, with adjusted EPS of $1.77 and adjusted EBITDA up 5%. The company reaffirmed its full-year guidance but warned of potential EBITDA losses due to the Iran conflict. The Global Industrial segment showed strong performance, while the spin-off plan into two public companies is on track for 2027.
Tickers: $GPC
Topics: earnings EBITDA geopolitical risk guidance sales growth spin-off