Genuine Parts lifts profit forecast as US prospects brighten

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Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - Automotive parts distributor Genuine Parts raised its 2024 profit forecast on Thursday, hinging on strong demand for parts and improving automotive sales in the United States.

"In Automotive, the actions taken in our U.S. Automotive business are gaining traction, and we are encouraged by the sequential improvement in performance," said President and Chief Operating Officer Will Stengel.

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