GPC Announces Spin-Off After Earnings Shock

On Feb. 17, 2026 Genuine Parts Company (GPC) announced plans to split its Automotive (NAPA) and Industrial (Motion) businesses into separate public companies and reported a troublesome fourth quarter: GAAP net loss of $609 million, adjusted EPS $1.55, and shares fell about 14.5%. Management cited a $742 million pension settlement and a $160 million supplier charge, cut 2026 adjusted EPS guidance to $7.50–$8, and set the separation for completion in Q1 2027, while raising the dividend to push yield to roughly 3.4%.