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Posted February 20, 2018

Motion Industries posts 7.2 percent sales gain

Motion Industries recorded sales of $4.96 billion for 2017, a 7.2 percent gain from $4.63 billion in 2016.


Operating profit of $384.2 million for the year improved by 14.2 percent from $336.6 million in 2016.

For the fourth quarter, sales of $1.23 billion increased by 7.4 percent from $1.15 billion in the same period last year. Operating profit of $103 million improved by 27.3 percent from $80.9 million in 2016's fourth quarter.

For Genuine Parts Co. as a whole, sales for the fourth quarter were $4.2 billion, an 11.3 percent increase compared to $3.8 billion for the same period in 2016. Net income for the fourth quarter was $108.2 million and earnings per share on a diluted basis were 73 cents.

Alliance Automotive Group (AAG), the company's European acquisition which closed on Nov. 2, 2017, contributed 6.8 percent to sales and 7 cents in earnings per diluted share during the fourth quarter.

Sales for the year were $16.3 billion, a 6.3 percent increase compared to $15.3 billion for the same period in 2016. Net income was $617 million and earnings per share on a diluted basis were $4.18.

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