MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Motion Industries Sales Up 2.9% in 4Q

Motion Industries, No. 6 on MDM’s 2013 list of the top 40 industrial distributors, reported sales for 2013 of $4.4 billion, a slight decrease from 2012. Operating profit decreased 8.9 percent to $320.7 million.

For the fourth quarter, sales for Motion were $1.1 billion, an increase of 2.9 percent compared to the same period a year ago. Operating profit decreased 6.1 percent to $73.3 million.

Parent company Genuine Parts Co. (NYSE: GPC), Atlanta, GA, reported sales for the year of $14.1 billion, an increase of 8 percent compared to 2012. Profit increased 6 percent to $685 million.

Sales in 2013 for EIS, GPC's electrical/electronic group, decreased 2 percent. Sales for S. P. Richards, the office products group, decreased 3 percent. Automotive sales increased 18.5 percent, with underlying sales for the group up 4 percent.

For the fourth quarter, sales for GPC were $3.5 billion, an increase of 13 percent compared to the same period a year ago. Profit decreased 6.3 percent to $150 million.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center