The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Sales Decreased 0.4% in Fiscal 2Q

For the first six months, sales fell 1.5 percent year-over-year.

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported sales for the fiscal second quarter ended Dec. 31 of $608.1 million, a decrease of 0.4 percent from the same quarter a year ago. Profit increased 0.8 percent to $24.1 million.

For the first six months of the fiscal year, sales fell 1.5 percent year-over-year to $1.2 billion. Profit increased 6.8 percent to $51.5 million.

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