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Parker Hannifin Agrees to Buy Olaer Group

Applied Industrial Technologies Sales Up 7% in Fiscal Third Quarter

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported fiscal third quarter 2012 sales of $605.5 million, up 7 percent from the prior-year period. Profit for the quarter was $29.4 million.

For the nine months ended March 31, 2012, sales increased 8.2 percent to $1.76 billion from $1.62 billion in the same period last year. Profit was $76.7 million.



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