Genuine Parts Co. (GPC) shares plunged 5.02% on Tuesday, February 18, 2025, during the intraday session, following the company's mixed fourth-quarter and full-year 2024 results.
The Atlanta-based auto and industrial parts distributor reported fourth-quarter adjusted earnings per share (EPS) of $1.61, missing analysts' expectations of $1.64. While revenue of $5.77 billion slightly exceeded the anticipated $5.73 billion, comparable sales declined by 0.5% during the period.
For fiscal 2025, Genuine Parts projected EPS in the range of $7.75 to $8.25, below the market consensus of $8.29. The company also forecasted revenue growth between 2% and 4% for the year, reflecting a slowdown from the previous year's growth rate. These underwhelming guidance figures likely contributed to the stock's plummet, as investors expressed concerns about the company's future growth prospects.