Motion Industries sales up 6.8 percent
Motion Industries posted sales of $1.20 billion for the second quarter, a 6.8 precent increase from $1.13 billion in the same period last year.
The distribution arm of Genuine Parts Company attributed the gain to 4% underlying growth and 3% from acquisitions.
Operating profit for the period was $95.4 million, compared to $88.8 million last year.
Six-month sales increased 5.3 percent to $2.3 billion, vs. $2.2 billion in 2013.
Genuine Parts Co.'s sales of $3.9 billion were up 6% compared to the second quarter of 2013. Net income for the quarter was $197.7 million compared to $216.4 million recorded in the same period of the previous year. Earnings per share on a diluted basis were $1.28 compared to $1.39 for the second 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.
