The 2020 Mid-Year Economic Update_long

Motion Industries Sales Grow 26% in 2Q

Overall, Genuine Parts Co. sales increased 12% for the quarter.

Genuine Parts Company (NYSE: GPC), Atlanta, GA, reported sales for the second quarter ended June 30, 2010, were $2.8 billion, up 12 percent from the second quarter 2009. Profit was $124.5 million, up 20 percent.

For the six months ended June 30, 2010, sales were $5.4 billion, up 9 percent from the same period in 2009. Profit for the six months was $225.1 million.

By segment, sales for industrial distributor Motion Industries, No. 6 on the list of MDM's top 40 industrial distributors,  were up 26 percent for the quarter. EIS, the electrical group, had a sales increase of 32 percent. The Automotive Group's sales went up 7 percent. S.P. Richards, the Office Products Group, ended the quarter down 1 percent.

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.
Social Media Auto Publish Powered By :