News about Genuine Parts

In its third-quarter 2026 earnings call on October 20, 2026, Genuine Parts said its plan to split the automotive and industrial businesses into two public companies remains on track for the first quarter of 2027. Sales rose 4% to $6.5 billion, with the Motion industrial unit generating $2.4 billion as customers spent on maintenance, repair and operations and on data center and AI infrastructure. The company is also automating its distribution network, including a heavily automated distribution center in Pennsylvania, to improve order accuracy and delivery times. Although elevated fuel prices and freight inflation are weighing on retail auto demand, management said it is passing many of these cost increases on to customers and has not changed its gross margin outlook for the rest of the year.