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Genuine Parts Company Announces Industrial and Automotive Acquisitions

Genuine Parts Co.’s Q3 Sales Up 15%

Genuine Parts Co. (NYSE: GPC), Atlanta, GA, reported sales of $4.7 billion for the third quarter ended September 30, a 15.3 percent increase over the year-ago period. Net income was $220.2 million.

Third-quarter sales for GPC’s Automotive Group were up 23.3 percent; sales for the Industrial Group, which includes power transmission/motion control distributor Motion Industries, were up 8.3 percent; and sales for the Business Products Group were up 1.3 percent, the company said.

Sales for the nine months ended September 30 were $14.1 billion, up nearly 17 percent compared to the same period in 2017. Net income for the nine months was $623.8 million.

 

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