MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Applied Industrial Technologies 1Q Sales Increase 20.5%

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported sales for the first quarter ended Sept. 30, 2010, were $527.5 million, an increased of 20.5 percent over the comparable period a year ago. Profit increased 85.5 percent to $20.8 million.

"We are pleased with the strength shown by our first quarter sales and operating results," CEO David L. Pugh said. "Our sales showed steady growth over prior year comparables throughout the quarter on the basis of increased demand from the majority of our industrial segments. We see this level of demand continuing for the foreseeable future."

Inventories expanded about $10 million net of acquisitions and price increases, as the industrial distributor increased stock to safeguard against increased lead times in the supply chain.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center