Genuine Parts reports Q3 adjusted EPS $1.88, consensus $2.42

Reports Q3 revenue $5.97B, consensus $5.94B. Reports Q3 comparable sales down 0.8%. “I would like to thank our global GPC teammates for their hard work in serving our customers during the third quarter,” said Will Stengel, President and Chief Executive Officer. “Our results were below our expectations, primarily driven by continued weakness in market conditions in Europe and our Industrial business. While the external environment remains challenging for the balance of 2024, we expect the combination of near-term actions and long-term investments to better position us when market conditions improve.”