Atlanta-based Genuine Parts Company (NYSE: GPC), a global distributor of automotive and industrial replacement parts, reported sales for the third quarter ended Sept. 30, 2023, were $5.8 billion, a 2.6% increase from the same prior last year.
Net income was $351 million.
Sales for the first nine months for Genuine Parts Company were $17.5 billion, up 5.6%. Profit was $1 billion.
Sales for Motion Industries, the industrial parts segment, were $2.2 billion, up 0.6%. Profit was $283 million. For the first nine months, industrial sales were up over 6% to $6.7 billion.
Global Automotive sales were $3.6 billion, up 3.9% from the same period in 2022. Segment profit was $322 million.