Genuine Parts Company, Atlanta, GA, reported sales in 2006 were $10.5 billion, up 7% compared to 2005. Net income for the year was $475.4 million, an increase of 9% from 2005.
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By division:
Automotive: $5.185 billion in sales, up 3.4%
Motion Industries: $3.107 billion, up 11%
Office Products: $1.779 billion, up 7%
Electrical/Electronic: $408 million, up 19%
In the fourth quarter ended Dec. 31, 2006, sales increased 6% to $2.54 billion.
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In the fourth quarter, Automotive Group sales were up 2%, Motion Industries up 11%, EIS (Electrical/Electronics Group) up 17%, and SP Richards, the office products group, up 4%.
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