Atlanta, GA-based Genuine Parts Company reported sales for the second quarter ended June 30, 2009, were $2.5 billion, down 12% from the second quarter 2008. Profit for the quarter was $103.6 million, a decrease of 22%.
For the six months ended June 30, 2009, sales were $5 billion, down 11% from the same period in 2008. Profit was $192.8 million, a decrease of 25%.
By group:
The Automotive Group reported a 5% decrease in sales. SP Richards, the office products group, was down 6%.
Industrial (Motion Industries) and Electrical groups showed further sales declines due to what GPC said was the worsening conditions in the manufacturing segment of the economy." Motion had a 22% sales decline, and EIS, the electrical products group, had a 34% …
