Motion Industries, No. 4 on MDM’s 2017 list of the top 40 industrial distributors, reported sales for 2017 of $5 billion, up 7.2 percent compared to the previous year. Operating profit increased 14.1 percent to $384.2 million.
Fourth-quarter sales were $1.2 billion, an increase of 7.4 percent compared to the same period a year earlier. Operating profit increased 27.2 percent to $103 million.
Parent company Genuine Parts Co. (NYSE: GPC), Atlanta, GA, reported 2017 sales of $16.3 billion, up 6.3 percent from the previous year. Profit declined 10.2 percent over the year to $616.8 million.
Sales for the fourth quarter for Genuine Parts were $4.2 billion, an increase of 11.3 percent over the same period in 2016. Profit decreased 29 percent.
Sales at EIS, the electrical/electronic group, for 2017 increased 9.1 percent to $780.9 million compared to the previous year. Fourth-quarter sales increased 8.9 percent to 192.6 million.
Sales for S. P. Richards, the office products group, increased 1.5 percent to $2 billion for 2017. Fourth quarter sales were down 2.2 percent to $465.6 million.
Automotive sales increased 6.8 percent to $8.7 billion for 2017 and 16.7 percent to $2.3 billion for the fourth quarter.
