The 2020 Mid-Year Economic Update_long

Motion Industries 2014 Sales Up 7.7%

Genuine Parts sales up 9 percent for the full year 2014.

Motion Industries, No. 6 on MDM’s 2014 list of the top 40 industrial distributors, reported sales for the full year 2014 of $4.8 billion, an increase of 7.7 percent compared to the previous year. Operating profit increased 15.4 percent to $370 million.

Fourth-quarter sales were $1.2 billion, an increase of 10 percent compared to the same period a year earlier. Operating profit increased 31.3 percent to $96.3 million.

Parent company Genuine Parts Co. (NYSE: GPC), Atlanta, GA, reported sales for the full year 2014 of $15.3 billion, an increase of 9 percent compared to the previous year. Profit increased 4 percent to $711 million.

Fourth-quarter sales for Genuine Parts were $3.8 billion, an increase of 9 percent compared to the same period a year earlier. Profit increased 10 percent to $166 million.

Sales at EIS, the electrical/electronic group, for the full year 2014 increased 30 percent to $739.1 million compared to the previous year. Fourth-quarter sales increased 23.3 percent to $177.4 million compared to the same period a year earlier.

Sales for S. P. Richards, the office products group, increased 10 percent to $1.8 billion for the full year and 22 percent to $469.3 million for the fourth quarter.

Automotive sales increased 8.1 percent to $8 billion for the full year and increased 3.7 percent to $2 billion for the fourth quarter.

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