The 2020 Mid-Year Economic Update_long

Motion Industries Sales Decline 18% in 2009

Motion's parent company, Genuine Parts Co., reported a 2009 sales decrease of 9%.

Genuine Parts Co. (NYSE: GPC), Atlanta, GA, reported sales for 2009 were $10.1 billion, down 9% compared to 2008. Profit declined 16% to $399.6 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.


For the fourth quarter, sales were $2.47 billion, a decrease of 2% from the prior year period. Profit increased 13% to $99.17 million.

Sales for Motion Industries, GPC’s industrial group, were down 18% for the year. EIS, the electrical segment, reported an annual sales decline of 26%.

The Automotive Group reported a 2% sales decrease for the year and S.P. Richards, the office products Group, was down 5% for 2009.

\”2009 turned out to be one of the most challenging years in the history of Genuine Parts Company,\” says Tom Gallagher, GPC president and CEO. \”We observed some early signs of improving market conditions in the latter part of 2009 and we feel this bodes well for a stronger performance in 2010.\”

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.