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For the six months ended Dec. 31, 2010, sales were $1.1 billion, compared with $883.9 million in the same period a year ago. Profit was $41.9 million.
"We were once again pleased with the strength of our quarterly results, and with our ability to efficiently convert sales increases to proportionately higher levels of profitability," said David L. Pugh, Applied's CEO. "Our strong performance is fueled by the recovering industrial economy and, in particular, exceptional results within those segments of our fluid power business that provide products and solutions for automation and machine control applications."