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Motion's parent company, Genuine Parts Company (NYSE: GPC), Atlanta, GA, reported first-quarter sales of $3.2 billion, a year-over-year increase of 7 percent. Profit increased 16 percent to $146.3 million.
Automotive Group sales grew 6 percent, while EIS, the electrical distribution company, grew 5 percent. S.P. Richards, GPC's office products group, sales decreased 1.5 percent in the quarter.
"Both Motion Industries and EIS have generated very strong sales growth over the last two years, driven by their internal initiatives and the recovery of the manufacturing sector of the economy," CEO Thomas C. Gallagher said. "We remain encouraged by the continued strength we see in the industrial markets."