Genuine Parts Q2 Profit Climbs - Quick Facts

(RTTNews) - Automotive replacement parts distributor Genuine Parts Co. (GPC) posted higher second-quarter net income of $216.4 million, or $1.39 a share, compared with $168.6 million, or $1.08 a share, reported a year before. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $1.21 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked sales of $3.68 billion in the recent quarter, up by 10%, compared with $3.34 billion in the second quarter of 2012. Eight analysts estimated revenues of $3.68 billion for the quarter.

According to the company, the progress in its operations was driven by the improved automotive business results, with sales for the Automotive Group rising 22%, comprising core North American growth of some 6% and the positive impact of the Australasian acquisition.