Motion Industries sales decline
Sales at Motion Industries declined to $4.42 billion in 2013, compared to $4.45 billion in 2012.
Fourth-quarter sales improved slightly, rising to $1.08 billion, compared to $1.05 billion in the same period in 2012.
Quarterly operating profit for the industrial distribution segment of Genuine Parts Company was $73.3 million, compared to $78.1 million last year. For the year, operating profit for Motion Industries was $320.7 million versus $352.1 million in 2012.
For all of Genuine Parts, sales in 2013 were $14.1 billion, up 8% compared to 2012. Net income for the year was $685 million, an increase of 6% compared to $648 million in 2012. Earnings per share on a diluted basis were $4.40, up 6% compared to $4.14 in 2012.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
