Automotive replacement parts distributor Genuine Parts Co.'s (GPC) first-quarter net income declined 1% to $144.4 million, from $146.3 million a year earlier, while quarterly per-share earnings remained unchanged at $0.93, from last year. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.99 for the quarter. Analysts' estimates typically exclude one-time items.
On the other hand, sales for the quarter totaled $3.20 billion, up 0.6% from $3.18 billion in the first quarter of 2012. Analysts estimated revenues of $3.29 billion for the quarter.
Among the company's divisions, the Automotive Group posted a 3% sales growth, driven by its commercial growth and the positive impact of the Quaker City acquisition. Motion Industries, its Industrial Group, was down 2% in the quarter; and EIS, its Electrical/Electronic Group, dropped 5%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.