Applied Industrial Technologies of Cleveland, Ohio, on Aug. 11 reported fiscal fourth-quarter net sales of $1.1 billion and total-year sales of $3.8 billion.

Applied Industrial Posted a Blowout 4Q, but Here’s Why It’s More Bullish on 2022

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The distributor’s earnings and revenue beat wasn’t surprising given a favorable comp, but a handful of tailwinds are keeping Applied’s optimism intact heading into the new fiscal year.

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