Distributor reports strong fiscal third quarter, boosted by FCX acquisition.
Latest In Applied Industrial
Market leaders kick off 2018 with sector-shifting transactions.
For the first six months, sales grew 9.3 percent year-over-year.
Fluid power & flow control business will reach close to 40 percent of revenue.
Deal valued at $768 million combines two of distribution's largest companies.
Profit for the quarter was up 23.2 percent to $33.7 million.
Fourth quarter sales increased 7.5 percent year-over-year.
David Wells named successor.
National Oilwell Varco, NOW Inc. also report positive outlook for activity, but remain cautious.
Company reports profit of $29.5 million for the quarter.
Applied Industrial, Fastenal, Beacon Roofing add to portfolios during month.
Acquisition enhances Applied's fluid power position.
For the first six months, sales fell 1.5 percent year-over-year.
Investments in everything from e-commerce to supply chain paying off.
Profit increased 12.8 percent in fiscal year's first quarter.
Company unveils new e-commerce offering on heels of disappointing year.
Redesigned site aimed to improve customer experience with enhanced e-commerce capabilities.
Fourth quarter sales decreased 6.4 percent year-over-year.
Company forms partnership with Applied Industrial Technologies and subsidiary.
Acquisition enhances company's presence in Eastern Canada.
