Posted April 18, 2019

Genuine Parts Company sales grow 3.3 percent

Genuine Parts Company reported sales for the first quarter were $4.7 billion, a 3.3 percent increase compared to $4.6 billion for the same period in 2018.

Total sales for the quarter included 3.3 percent comparable growth, approximately 2 percent from acquisitions, and an approximate 2 percent negative impact from foreign currency translation.

Net income for the first quarter was $160.3 million and earnings per share on a diluted basis were $1.09.

Sales for the Industrial Parts Group were up 5.7 percent to $1.6 billion, including a 4.2 percent comparable sales increase, 1.8 percent from acquisitions, and a slightly unfavorable foreign currency translation. Operating profit for the Industrial Parts Group, which includes Motion Industries, was $121 million, compared to $112 million in the same period last year.