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Genuine Parts cuts annual profit view on as tariff uncertainty
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Genuine Parts cuts annual profit view on as tariff uncertainty
Jul 22, 2025 5:53 AM

July 22 (Reuters) - Genuine Parts Company ( GPC ) cut

its annual profit forecast on Tuesday due to tariff-related

uncertainty, sending the shares of the auto parts distributor

down nearly 1% before the bell.

U.S. President Donald Trump's tariffs combined with

inflationary headwinds are complicating the automotive industry

as companies try to localize their supply chains.

"We remain focused on what we can control as we proactively

manage through an evolving external environment," CEO Will

Stengel said.

The Atlanta-based company cuts 2025 adjusted profit forecast

to between $7.50 and $8.00 from $7.75 and $8.25. It also slashed

its annual revenue growth to 1%-3% from its prior expectation of

2%-4%.

The company's cost-saving measures has helped it offset

rising operational expenses and challenges related to tighter

inventory levels.

It reported second-quarter revenue of $6.16 billion, above

expectations of $6.12 billion, according to data compiled by

LSEG.

Genuine Parts ( GPC ) reported a second-quarter adjusted net income

of $255 million, or $2.10 per share, below analysts' estimate of

$2.07 per share.

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