The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Sales Up 5% in Fiscal 1Q

Profit increased 11.8 percent to $29.5 million.

Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported fiscal first quarter sales for the three months ended Sept. 30, 2012, of $610.5 million, up 5 percent from the comparable period a year ago. Profit for the company, No. 2 on MDM's list of top power transmission and bearings distributors, increased 11.8 percent to $29.5 million.

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With approximately 500 facilities and 4,900 employee associates, Applied Industrial Technologies is an industrial distributor that offers more than four million parts to MRO and OEM. Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services.

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