Genuine Parts Company Reports First Quarter 2025 Results and Reaffirms Full-Year Outlook

Core Viewpoint - Genuine Parts Company reported a solid start to 2025, with a focus on customer service and strategic initiatives despite challenges from tariffs and trade dynamics [2] Financial Performance - Sales for Q1 2025 were $5.9 billion, a 1.4$5.8 billion in Q1 2024, driven by a 3.0% benefit from acquisitions, offset by a 0.8% decrease in comparable sales and a 0.8% unfavorable impact from foreign currency [2] - Net income was $194 million, or$1.40 per diluted share, compared to $249 million, or$1.78 per diluted share in the prior year [3] - Adjusted net income was $243 million, or$1.75 per diluted share, down from $311 million, or$2.22 per diluted share in the prior year [4] Segment Highlights - Automotive Parts Group: Global automotive sales reached $3.7 billion, up 2.5$286 million, a decrease of 10.7% [5] - Industrial Parts Group: Industrial sales were $2.2 billion, down 0.4$279 million [6] Cash Flow and Capital Allocation - Cash flow from operations decreased by $41 million in Q1 2025, primarily due to lower net income and working capital changes [7] - Net cash used in investing activities was$155 million, including $120 million for capital expenditures and$74 million for acquisitions [7] - Free cash flow decreased by $161 million for the first three months of 2025 [7] Balance Sheet - As of March 31, 2025, the company had$420 million in cash and cash equivalents and $2 billion in undrawn capacity on its Revolving Credit Agreement [8] 2025 Outlook - The company reaffirmed its full-year 2025 guidance, expecting total sales growth of 2$7.75 to $8.25 [11][12]