The 2020 Mid-Year Economic Update_long

Day: August 8, 2006

Applied Industrial Technologies: 10.7% Sales Jump in 2006

Applied Industrial Technologies, Cleveland, OH, reported sales for its fiscal year ended June 30, 2006, increased by 10.7% to $1.9 billion from $1.7 billion in fiscal 2005. Net income rose 30.6% to $72.3 million versus $55.3 million the previous year. Sales for the fourth quarter increased 11.2% to $504 million from $453.3 million in the same …

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MDM Interview: Richard Worthy of US Electrical Services

US Electrical Services LLC has built a $300-million distribution business in the Northeast with three acquisitions since May. The company plans to reach $500 million in revenues by year end. In this interview, President and CEO Richard Worthy discusses USESI’s business model, consolidation in distribution, and the goals of private investors.Richard Worthy is a seasoned …

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