19 October 2006 — Atlanta (GA): Genuine Parts Company (GPC) has reported record sales and earnings for the quarter ended 30 September.
The company’s office products division, SP Richards (SPR), posted a rise of 4.9 percent in Q3 net sales to $459.09 million compared to $437.8 million a year earlier.
SPR’s Q3 operating profit increased by 5.1 percent to $35.3 million compared to $33.6 million in the same quarter of the previous year.
SPR’s parent company GPC recorded a record Q3 sales increase of 6 percent to $2.7 billion, compared to $2.6 billion in the previous year.
Net income for the quarter was $121.3 million, up 9 percent, compared to $110.9 million in Q3 2005.
Diluted EPS rose 13 percent to $0.71 from $0.63 a year earlier.