Motion on Tuesday reported stronger sales and earnings in its latest quarter, along with an improved earnings margin.
The Alabama-based MRO and metalworking giant’s parent, Genuine Parts Company, said that the distributor posted $2.41 billion in net sales in the second quarter of the year, up 7.1% over the same window last year. The industrial parts segment’s comparable sales were up 6.1% year-over-year, while foreign currency impacts and acquisitions added 0.8% and 0.2%, respectively.
GPC also reported that Motion’s quarterly EBITDA of $316.4 million was 9.8% higher than last year, while its EBITDA margin climbed 30 basis points over that span to 13.1%.
The company maintained its previous forecast of 3% to 6% annual sales growth for the Motion division, and reiterated that it remains scheduled to split up its automotive parts and industrial parts business into standalone, publicly traded companies — a plan originally announced in February — early next year.
GPC, which also includes the NAPA automotive parts brand, posted overall sales of $6.54 billion, an increase of 6% year-over-year.
"The GPC team delivered solid second quarter results, driven by continued sales growth and disciplined execution across our businesses," GPC Chairman and CEO Will Stengel said in a statement. "Our teams performed well despite a dynamic global environment, and we remain on track to complete our planned separation in the first quarter of 2027."
Motion is the no. 2 distributor on ID’s latest Big 50 list.
