Profit increases 21.1 percent in first quarter.
April 21, 2015
Parent company Genuine Parts Co. sales up 3 percent in 1Q.
Profit decreases to $113.9 million for the quarter.
Row house and apartment building construction lead increase, rising 9.1 percent.
National Detroit's production operations will be relocated to New York.
Profit increased to $90.8 million for the first quarter.
Frank Hilgers takes over category management for brand products, engineered fastening solutions.
Industrial sales were flat year-over-year.
Construction employment declines in 29 states between February and March.
The building material and supplies subsector recorded the largest decrease.
Organic sales up 1 percent in first quarter.
Buildings & partner sales increase 11.5 percent in the quarter.