Motion Industries reports 19% sales gain
Motion Industries reported 2011 sales of $4.1 billion, compared to $3.5 billion in 2010.
Operating profit was $337.6 million for the year, compared to $255.6 million last year.
"Motion Industries, our industrial distribution company, generated a 19% sales increase with the strong double-digit sales growth at Motion driven by the combination of good internal growth initiatives and the strength in the manufacturing sector of the economy," said
For the fourth quarter, Motion Industries posted sales of $1.0 billion and operating profit of $89.1 million, compared to sales of $915 million and profit of $73.7 million in the same quarter last year.
Genuine Parts Co.'s sales in 2011 were $12.5 billion, up 11% compared to 2010. Net income for the year was $565 million, an increase of 19% compared to $476 million in 2010. Earnings per share on a diluted basis were $3.58, up 19% compared to $3.00 in 2010.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
