Motion Industries sales up nearly 4 percent
Motion Industries sales totaled $1.14 billion for the first quarter, 4 percent higher than $1.10 billion reported in the same period last year.
the company said acquisitions contributed 3 percent of the sales gain. Operating profit of $83.1 million for the period compared to $78.9 million last year.
Parent company Genuine Parts Company reported sales of $3.6 billion, up 13 percent compared to $3.2 billion in the first quarter of 2013. Net income for the quarter was $157.5 million, up 9 percent from $144.4 million recorded in the same period of the previous year. Earnings per share on a diluted basis were $1.02, up 10 percent compared to 93 cents for the first quarter last year.
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.
