Genuine Parts Co. Reports 8% Sales Jump in 2Q
Genuine Parts Company, Atlanta, GA, announced its second-quarter sales totaled $2.7 billion, up 8% from the second quarter of 2005. Profit was $120.7 million, an increase of 9% from the same period in 2005.
For the six months ended June 30, 2006, sales totaled $5.2 billion, up 8% from the same period in 2005. Profit for the six months was $234.6 million, an increase of 8%.
GPC reported positive growth in each of its four business segments. Motion Industries grew sales by 10%. EIS, the electrical group, posted a 24% sales increase. S.P. Richards, the office products group, generated a 6% sales jump. Automotive Group reported a 5% sales increase.
Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The company ...