Motion Industries sales increased 8.7 percent
Motion Industries recorded sales of $1.6 billion for the second quarter, an increase of 8.7 percent compared to $1.5 billion in the same period last year.
Operating profit of $125.2 million compared to profit of $111.8 million in last year's second quarter.
Sales for the first six months of the year of $3.2 billion compared to sales of $2.9 billion in the same period last year. Operating profit for the first half of the year was $237.4 million, compared to $215.9 million for the first half of 2017.
Motion's parent, Genuine Parts Company, reported sales for the second quarter were a record $4.8 billion, a 17.6 percent increase compared to $4.1 billion for the same period in 2017. Net income was $227.0 million and earnings per share on a diluted basis were $1.54, also a new record.
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.
