Home » Applied Industrial Sales Up 6% in Fiscal 2007
Applied Industrial Sales Up 6% in Fiscal 2007
August 9, 2007
Applied Industrial Technologies, Cleveland, OH, reported sales for its fiscal year ended June 30, 2007, increased 6% to $2 billion. Profit for the year rose 19% to $86 million, versus $72 million in the prior year.   ; Sales for the fourth quarter were up 4.7% to $528 million from the prior-year period. Profit increased 22.2% to $24.6 million.   ; Applied reported that the housing industry slump has had an impact on some of its related markets; the sluggish performance" by the automobile manufacturing sector also negatively impacted the distributor's performance.   ; Applied Industrial Technologies is an industrial distributor to MRO and OEM customers in virtually every industry.