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Applied Industrial Technologies Sales Up 9.9% in 3Q

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, No. 2 on MDM's list of top power transmission/bearing distributors, reported sales for the first quarter ended Sept. 30, 2011, were $579.6 million, up 9.9 percent over the same period a year ago. Profit increased 27.1 percent to $26.4 million.

"As we look ahead, we see an industrial market that is experiencing real growth and offers continued opportunities for expansion," said Benjamin J. Mondics, president and COO.

Applied Industrial Technologies is an industrial distributor with 470 locations in North America.

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