GPC reports record sales and earnings

19 July 2005 – Atlanta (GA): SP Richards’ (SPR) parent Genuine Parts Company (GPC) has reported record Q2 sales and earnings.

It announced sales of $2.5 billion, up 8 per cent compared to the year earlier, and net income of $110 million or EPS of $0.63, compared to $101.1 million or EPS of $0.58 in the previous year.

SPR reported an 8 per cent rise in net sales to $401 million and an operating profit of $35.6 million.