Genuine Parts reports Q2 adjusted EPS $2.44, consensus $2.59

Reports Q2 revenue $5.96B, consensus $6.03B. “I want to thank each of our global GPC teammates for their hard work and dedication to serving our customers,” said Will Stengel, president and CEO. “Our quarterly results reflect softer than expected market conditions, which are tempering demand particularly in our Industrial and U.S. and European Automotive businesses. Despite a challenging macro-environment, our teams are operating well and remain focused on executing our long-term strategic initiatives.”