Genuine Parts Co. 3Q Sales Increase 3%
Genuine Parts Company, Atlanta, GA, reported sales of $2.9 billion for the third quarter ended Sept. 30, 2008, an increase of 3% over third quarter 2007. Profit for the quarter was $131 million, an increase of 2%.
For the first nine months, sales increased 3% to $8.5 billion. Profit was $387.6 million, an increase of 2% for the same period the prior year.
Three of four segments saw sales improvement in the third quarter. Sales in EIS, the Electrical Group, increased 13%. Motion Industries improved sales by 7%. The Automotive Group reported sales increases of 1%. S.P. Richards, which distributes office products, saw sales remain flat as compared to the same period the prior year.
Genuine Parts Company is a distributor of automotive replacement parts ...
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