The 2020 Mid-Year Economic Update_long

Day: April 19, 2007

Applied Industrial Sales Grow 5% in 3Q

Applied Industrial Technologies, Cleveland, OH, reported sales increased 4.8% to $521.1 million in the third quarter 2007 ended March 31, 2007. Profit was up 14%.
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For the nine-month period ended March 31, sales were up 6.4% to $1.486 billion. Profit was up 21%.
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With more than 440 facilities and 4,600 employee-associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 2 million parts to MRO and OEM customers.&nbsp ; For its fiscal year ended June 30, 2006, Applied posted sales of $1.9 billion.&nbsp ...

Illinois Tool Works Sales Up 14% in 1Q

Illinois Tool Works Inc., Glenview, IL, reported sales increased 14% in the first quarter 2007, and profit went up 10%. Revenue was $3.76 billion.
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The increase came from strong results in international end markets tempered by slowing growth in a number of North American end markets. Total company base revenues grew 1%, with international base revenues increasing 8.9% and North American revenues declining 3.5%. Acquisitions added 10.7% to first-quarter revenues.
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North American Engineered Products first quarter revenues were slightly negative as base revenues declined 6.5% and acquisitions added 6.7%. Base revenues declined principally as a result of end market weakness in the residential construction and Detroit 3 automotive markets as well as a slowing across ...

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