The 2020 Mid-Year Economic Update_long

Motion Industries Sales Fall 16% in 1Q 2009

Genuine Parts Company, Atlanta, GA, reported sales in the first quarter ended March 31, 2009, were down 11% to $2.4 billion from the prior-year period. Profit was $89.2 million, a decrease of 28%.


By group:

  • The Automotive Group: 7% decrease

  • S.P. Richards (office products): 7% decrease

  • Motion Industries (industrial): 16% decrease

  • EIS (electrical): 25% decrease.


Genuine Parts expects the effects of the economic slowdown to persist for "several more ...

Genuine Parts Company, Atlanta, GA, reported sales in the first quarter ended March 31, 2009, were down 11% to $2.4 billion from the prior-year period. Profit was $89.2 million, a decrease of 28%.

By group:

  • The Automotive Group: 7% decrease
  • S.P. Richards (office products): 7% decrease
  • Motion Industries (industrial): 16% decrease
  • EIS (electrical): 25% decrease.

Genuine Parts expects the effects of the economic slowdown to persist for "several more quarters."

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