Genuine Parts Co. said its first-quarter normalized net income came to $1.02 per share, compared with the S&P Capital IQ consensus estimate of $1.05 per share.
EPS rose year over year from 99 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $157.1 million, a gain from $152.5 million in the prior-year period.
The normalized profit margin dropped to 4.2% from 4.2% in the year-earlier period.
Total revenue increased on an annual basis to $3.74 billion from $3.62 billion, and total operating expenses increased on an annual basis to $3.48 billion from $3.37 billion.
Reported net income increased on an annual basis to $161.3 million, or $1.05 per share, from $157.9 million, or $1.02 per share.
