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 also distributes industrial replacement parts in the U.S. and in Canada through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes office products nationwide in the U.S. and Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico.
More details on GPC’s second quarter earnings can be found here.
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