Motion Industries sales up 18%
Sales for Motion Industries reached over $1 billion for the second straight quarter and were up 18%.
Operating profit for the quarter was $97 million, compared to nearly $73 million on sales of $921 million in the third quarter of 2010.
Sales for the first nine months of the year were up 20% to $3.1 billion, compared to $2.6 billion in the same period last year.
Motion Industries parent, Genuine Parts Company, had total Q3 sales of $3.3 billion, up 11% compared to the third quarter of 2010. Net income for the quarter was $151.8 million, an increase of 15% from $131.8 million recorded in the same period of the previous year.
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.
