6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Genuine Parts Company (NYSE: GPC), Atlanta, GA, reported third-quarter sales of $2.95 billion, an increase of 13 percent compared to the same period a year ago. Profit increased 22 percent to $131.8 million.
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
For the nine months ended Sept. 30, 2010, sales were $8.4 billion, up 11 percent compared to the first nine month of 2009. Profit increased 19 percent to $300.4 million.
By segment, sales for industrial distributor Motion Industries, No. 6 on the list of MDM's top 40 industrial distributors, were up 29 percent for the quarter. EIS, the electrical group, had a sales increase of 31 percent. The Automotive Group's sales went up 7 percent. S.P. Richards, the Office Products Group, ended the quarter slightly down from last year.