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Genuine Parts Q3 profit climbs YOY

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Genuine Parts Q3 profit climbs YOY

Genuine Parts Co. said its normalized net income for the third quarter amounted to $1.23 per share, compared with the S&P Capital IQ consensus estimate of $1.23 per share.

EPS increased year over year from $1.21.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $187.9 million, compared with $186.4 million in the year-earlier period.

The normalized profit margin climbed to 4.8% from 4.7% in the year-earlier period.

Total revenue decreased on an annual basis to $3.92 billion from $3.99 billion, and total operating expenses fell year over year to $3.62 billion from $3.68 billion.

Reported net income totaled $188.7 million, or $1.24 per share, compared with $191.1 million, or $1.24 per share, in the year-earlier period.