Genuine Parts Company, Atlanta, GA, reported sales for the first quarter ended March 31, 2008, were $2.74 billion, up 3% from last year. Profit was $123.5 million, an increase of 2%.
EIS, GPC’s Electrical Group, sales were up 7% in the quarter.
Motion Industries had a 6% sales increase for the quarter.
The Automotive Group reported a 4% increase in the quarter.
S.P. Richards, the Office Products Group, was down 2% for the quarter, reflecting continued softness in the office products industry.
During the quarter, Automotive bought Altrom Canada and Altrom America, Motion acquired Mill Supply Corp. in March, and S.P. Richards completed the acquisition of O’Henry, a regional office products distributor. …
