The company reported strong first quarter results, with year-over-year sales and profit growth driven by acquisitions and organic momentum across its segments.
Acquisitions boosted top-line sales, while organic continued to slide.
Though comparable sales declined year-over-year, the gap narrowed sequentially as EBITDA margin had a considerable jump from 4Q.
The company reported strong 4Q and full-year results, driven by sales growth across its business segments and seven acquisitions during 2024.
The company reported an increase in 4Q sales, despite margins and profits declining amid “increased market pressures” and economic uncertainty.
GPC’s 2024 results show overall sales growth driven by acquisitions and favorable currency impacts, while its industrial parts subsidiary, Motion, continues to face sales declines.
BDI VP Bill Shepard steps into the role of PTDA President, and Sumitomo CX, Product VP Sara Zimmerman begins Manufacturer Council Chair role.
Applied’s total sales declined year-over-year, but acquisitions drove most of the increase while foreign currency translation negatively impacted sales.
Sweden-based OEM has 34 operating business units in 15 countries across Europe and in China.
The company launched a new logo and website as it aims to drive innovation in hydraulic, electromechanical and pneumatic technologies.
Meanwhile, the bearings maker posted its 3Q results, made an Australasia acquisition and updated on its Automotive separation.
Year-over-year sales and profit continued to slide at Motion, reflecting challenges in the industrial sector.
