Applied Industrial Posts 11.4% Sales Increase in 3Q 2006
Applied Industrial Technologies, Cleveland, OH, reported sales for the third quarter 2006 increased 11.4% to $497.2 million from $446.5 million in the same period a year ago. Profit jumped to $19.9 million from $16.3 million in the same period a year ago.
For the nine months ended March 31, 2006, sales increased 10.5% to $1.397 billion from $1.264 billion in the same period last year. Profit was $52.1 million for the nine months up from $39,356 a year ago.
With more than 440 facilities and 4,500 employee-associates across North America, Applied Industrial Technologies is an industrial distributor that offers more than 2 million parts critical to the operations of MRO ...