Group revenue increased 4 percent at constant exchange rates.
Day: April 19, 2017
The new company will operate as a separate and wholly-owned subsidiary of Purvis Industries.
Sales of durable goods up 7.3 percent from the previous year.
Industrial sales were up 4.2 percent year-over-year.
Capacity utilization increased 0.4 percent to 76.1 percent.
Profit up 9.6 percent year-over-year.
Privately owned housing starts down 6.8 percent compared with February.
Genuine Parts sales up 5 percent for the quarter.
Profit decreases 23.2 percent to $117.1 million in the first quarter.