The 2020 Mid-Year Economic Update_long

Applied Industrial Sales Up 6% in Fiscal 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.
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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.
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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.
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Applied Industrial Technologies is an industrial distributor to MRO and OEM customers in virtually every ...

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.
&nbsp ;
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.
&nbsp ;
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.
&nbsp ;
Applied Industrial Technologies is an industrial distributor to MRO and OEM customers in virtually every industry.

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