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Motion Industries, Birmingham, AL, the industrial
distribution business of Genuine Parts Company, Atlanta, GA, reported net sales
for the second quarter ended Jun. 30, 2005, were $702.6 million, up 12% from
$629.4 million in the same period last year. Operating profits were $50.4
million, up 32% from $38.2 million reported in the second quarter of 2004.
Overall, Genuine Parts Company reported sales for the second quarter ended Jun.
30, 2005 of $2.5 billion were up 8% compared to the second quarter of 2004. Net
income was $111.0 million, an increase of 10%, compared to $101.1 million for
the second quarter of 2004. For the six months ended Jun. 30, sales totaled $4.8
billion, up 7% compared to the same period in 2004. Net income for the six
months was $217.6 million, an increase of 8% over $201.3 million recorded in the
previous year. See article here.
WESCO International, Inc, Pittsburgh, PA, a provider of
electrical MRO products, construction materials, and integrated supply
procurement outsourcing services, reported net sales for the second quarter of
2005 were $1,062.1 million compared to $931.0 million in 2004, an increase of
14.1%. Net income in 2005's second quarter was $27.4 million versus $19.1
million in the comparable 2004 quarter. Gross margin for the quarter was 18.3%
compared to 19.7% for the comparable 2004 quarter. Operating income for the
current quarter totaled $48.9 million versus $42.9 million in last year's
comparable quarter. See article here.
The Timken Company, Canton, OH, has expanded its line of
maintenance tools from Europe into the U.S. and Canada. The tool line includes
induction heaters, hydraulic pullers and impact fitting tools for use in
demanding industrial applications where press- fit parts are critical to machine
life. Maintenance tools represent an important component to Timken's
comprehensive offering of friction management solutions. Leveraging Timken's
knowledge of steel and bearings, customers turn to Timken for high quality
products and services around the bearing to help keep their equipment up and
running. See article here.