Genuine Parts Company distributes automotive replacement parts through NAPA and other brands, and industrial maintenance products and services principally through Motion.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230000040987-24-000024 | Feb 22, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240000040987-25-000026 | Feb 21, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250000040987-26-000003 | Feb 20, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
GPC's sales are growing, but stronger industrial results are offset by automotive cost pressure. In the nine months ended September 30, 2026, sales reached $19.323 billion while GAAP net income fell to $640.540 million; adjusted net income rose modestly. Cash generation improved, although expanded receivables sales supplied most of the year-over-year increase. The October 20 update lowered earnings guidance while retaining sales and cash-flow forecasts. Meanwhile, GPC is preparing to separate Automotive and Industrial in the first quarter of 2027, not reporting a completed transaction. The central questions are whether operating improvements can outpace costs, whether working-capital financing remains available, and how the proposed separation will allocate debt, costs and liabilities.
Sources: 10-Q · 2026-09-30 · EX-99.1 · 2026-10-20 · 10-K · 2025-12-31
GPC competes by keeping parts available, providing technical support and delivering quickly to reduce vehicle and equipment downtime. Automotive accounts for approximately 63% of revenue and Industrial 37%. About 80% of automotive sales serve professional repair customers. Its network exceeds 10,800 locations, including independent outlets—not just company-owned stores. Inventory, supplier rebates and payment terms are central to its economics; ten suppliers supplied approximately 55% of 2025 U.S. Automotive purchases.
Automotive was split into North America and International reporting segments at December 31, 2025, with prior segment figures recast and no change to consolidated results. Segment EBITDA excludes central costs and other expenses, so it is not fully burdened standalone-company profit. Comparable sales adjust for business days and exclude acquisitions, currency and other effects, but include sales into independent stores; they are neither a unit-volume measure nor necessarily end-customer sell-through.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-09-30
The October 20 filings reported third-quarter sales of $6.521 billion, up 4.2%, and GAAP net income of $224.447 million, down 0.8%. Nine-month sales rose 5.6% to $19.323 billion, but GAAP income fell 5.2% to $640.540 million. Management estimated approximately 2.5% price inflation within 2.9% comparable-sales growth in both periods; the difference cannot be treated as reported volume growth.
Third-quarter Industrial EBITDA rose 11.2%, with margin improving to 13.2%; North America Automotive EBITDA fell 2.9%, with margin declining to 7.6%. International Automotive maintained a 9.0% margin. Pricing and sourcing helped gross margins, but wages, freight, healthcare, rent and technology costs absorbed gains. Lower taxes cushioned consolidated profit: GPC cited renewable-energy credits, foreign tax credits and income mix. Fewer diluted shares also helped keep quarterly GAAP EPS unchanged at $1.62 despite lower income.
Nine-month adjusted net income rose 2.0% to $826.731 million, unlike GAAP profit. The non-GAAP bridge excludes $254.430 million before tax, including $193.426 million of restructuring and $54.912 million of separation costs. These exclusions have economic consequences: restructuring cash payments were $176.256 million. The supplied filings also use inconsistent labels for certain inventory-related adjustments; aggregate adjusted earnings reconcile, but category-level comparisons remain qualified.
April guidance was reaffirmed; July lowered GAAP EPS guidance while retaining adjusted EPS. On October 20, GPC lowered full-year GAAP EPS guidance again, to $5.60–$5.85, and narrowed adjusted EPS to $7.50–$7.75 from $7.50–$8.00. Sales-growth guidance remained 3%–5.5%. Operating cash flow of $1.0–$1.2 billion and capital expenditure of $450–$500 million remained forecasts. GAAP guidance includes expected restructuring costs but only separation costs incurred year to date, not a cap on future separation expense. No quantified explanation of the latest EPS-range reduction is supplied.
Sources: 10-Q · 2026-09-30 · EX-99.1 · 2026-10-20 · EX-99.1 · 2026-07-21 · EX-99.1 · 2026-04-21
Nine-month operating cash flow increased to $816.647 million from $510.689 million. Approximately $250 million came from expanded receivables sales, accounting for most of the improvement rather than representing additional profit. After $314.476 million of capital expenditure, company-defined free cash flow was $502.171 million. Dividends paid consumed $434.446 million and acquisitions another $69.450 million; net debt proceeds also supported capital uses.
Receivables sold and outstanding were $1.25 billion at September 30. The arrangement matures January 8, 2027, retains specified repurchase obligations and is not assured to renew. Supplier-finance obligations of $3.195 billion are already included in trade payables—not additional cash or an amount to add again to liabilities. The annual and interim filings disagree on the December 2025 supplier-finance comparison, so no reconciled trend is asserted.
Sources: 10-Q · 2026-09-30 · EX-99.1 · 2026-10-20 · 10-K · 2025-12-31
September cash was $763.151 million against approximately $5.1 billion of direct debt. Reported liquidity of $2.4 billion includes roughly $1.6 billion of revolving borrowing availability. Both April term facilities were fully drawn by September, totaling $1 billion and maturing October 28, 2027; the revolver matures March 20, 2030. GPC reported covenant compliance at September 30, but numerical headroom and complete borrowing restrictions are not established by the supplied originals. Uncured defaults can trigger cross-defaults. Approximately $484 million of independent-store borrowings were separately guaranteed, and pension-surplus investments are not unrestricted cash.
The August 11 declaration set a $1.0625 quarterly dividend payable October 2 to September 4 holders. It establishes the declaration and scheduled payment—not confirmation of that payment after the September reporting period.
Sources: 10-Q · 2026-09-30 · 8-K · 2026-04-27 · 10-K · 2025-12-31 · 8-K · 2026-08-11
The separation announced February 17 remains targeted for first-quarter 2027, subject to approvals and other conditions. Final capital structures, liability allocations, tax qualification and realized benefits are not established; current accounts still consolidate both businesses. Court Carruthers became CEO-Elect on September 8, with CEO succession conditional on closing. Failure to consummate is a disclosed Good Reason severance trigger, not a quantified automatic payout; the separation itself is not a triggering event.
First Brands' September 2025 bankruptcy produced a $150.500 million credit-loss charge on supplier rebates and other receivables; neither recovery nor elimination of supply exposure is established. September 2026 asbestos exposure included 3,741 pending lawsuits, a $281 million discounted liability and only $34 million of estimated insurance recoveries. A lower reserve does not mean claims disappeared. Tariffs, supplier concentration and fuel and freight inflation remain operating risks.
Separately, the March 20 filing described information and digital chief Naveen Krishna's March 18 resignation notice as voluntary, without severance, with responsibilities to be redistributed. It did not establish a cybersecurity incident or confirm completion of the announced transition.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-09-30 · 8-K · 2026-09-04 · EX-99.1 · 2026-10-20 · 8-K · 2026-03-18
USD 24.300141 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 24.300141 bn | 3.5% |
| 2024 | USD 23.486569 bn | 1.7% |
| 2023 | USD 23.09061 bn | — |
Consolidated revenue, net of returns and variable consideration.
Sources: 10-K · 2025-12-31
USD 65.945 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 65.945 m | -92.7% |
| 2024 | USD 904.076 m | -31.3% |
| 2023 | USD 1.316524 bn | — |
Reported consolidated net income; income attributable to noncontrolling interests is described as immaterial.
Sources: 10-K · 2025-12-31
USD 890.762 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 890.762 m | -28.8% |
| 2024 | USD 1.251251 bn | -12.8% |
| 2023 | USD 1.43561 bn | — |
Operating cash flow, including operating classification of receivables-sale and supplier-finance activity.
Sources: 10-K · 2025-12-31
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