Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported first-quarter fiscal 2018 sales of $680.7 million, up 8.9 percent from the prior-year period. Organic growth was 9.2 percent, partially offset by a 1.8 percent impact from one less sales day in the quarter.
Profit for the quarter was up 23.2 percent to $33.7 million.