Record year for GPC

23 February 2005 – Atlanta (GA): SP Richards’ (SPR) parent company Genuine Parts Company (GPC) has reported record results for 2004, boosted by improved economic conditions in its industrial/electronic groups.

The company reported earnings of $96.3 million, or EPS of $0.55, up from $86.7 million, or EPS of $0.50, a year ago. Sales went up 8 per cent to $2.25 billion from $2.09 billion a year ago.

SPR again performed well, reporting sales of $1.54 billion up from $1.457 billion a year ago.

In additional news, the company also named Tom Gallagher, president and CEO, to the additional position of chairman.