The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Sales Up 11.9% in Fiscal 2015

Fourth quarter sales increased 3.5 percent year-over-year.

Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported sales for the fiscal year 2015 of $2.8 billion, up 11.9 percent year-over-year. Profit decreased 2.4 percent to $115.5 million.

For the fiscal fourth quarter ended June 30 sales were $677.5 million, an increase of 3.5 percent over the same period a year ago. Profit decreased 5.5 percent to $28 million.

"While the current industrial economy presents some challenges, we know we have growth opportunities with current and new customers," said Neil A. Schrimsher, president & CEO. "We are pleased with the recent acquisition of Atlantic Fasteners – a nice addition that builds on our Maintenance Supplies & Solutions? platform."

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.