Motion Industries, No. 6 on MDM’s 2015 list of the top 40 industrial distributors, reported sales for the first quarter of $1.2 billion, down 2.5 percent from the previous year, including a 3 percent underlying sales decrease and a 1 percent currency headwind, offset by a 1.5 percent contribution from acquisitions.
Operating profit decreased 6.8 percent to $81.8 million.
Parent company Genuine Parts Co. (NYSE: GPC), Atlanta, GA, reported sales for the first quarter of $3.7 billion, a decrease of 0.5 percent compared to the prior year quarter. Profit decreased 1.9 percent to $158 million.
First quarter sales at EIS, the electrical/electronic group, decreased 3.4 percent year-over-year to $175.8 million.
Sales for S. P. Richards, the office products group, decreased 2.8 percent to $476.7 million for the first quarter.
Automotive sales were $1.9 billion for the first quarter, an increase of 1.8 percent compared to the prior year.