Genuine Parts Company reported sales in 2007 were $10.84 billion, up 4% compared with 2006. Profit for the year was $506.3 million, up 7%.
The company's strongest sales gains came from its two business segments serving the manufacturing sector.
Industrial distributor Motion Industries reported sales were up 8% in 2007, and EIS, GPC's Electrical/Electronic Group, reported a 7% increase in sales.
The Automotive Group saw saws increase 2%, and S.P. Richards, the office products group, had a decrease of 1% for the year.
In the fourth quarter ended Dec. 31, 2007, overall group sales increased 3% to $2.63 billion.
Automotive Group sales were up 2%, Industrial Group increased sales by 7%, Electrical/Electronics Group was up 6% and Office Products Group was down 1%.
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The company also distributes industrial replacement parts in the U.S. and Canada through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico.