The 2020 Mid-Year Economic Update_long

Applied Industrial Technologies Reports 13% 2Q Sales Increase

Applied Industrial Technologies, Cleveland, OH, reported a 13% increase in sales to $456.1 million for the fiscal 2006 second quarter ended Dec. 31, 2005. It recorded a 53% jump in profit.


For the six months ended Dec. 31, 2005, sales increased 10% to $899.3 million from $817.2 million in the same period last year. Profit was up 40% to $32.1 million, compared with $23 million last year.


Applied bumped up its sales guidance for the year to reach $1.8 billion in annual sales. Applied Industrial Technologies is an industrial distributor that offers more than 2 million parts to MRO and OEM customers. In the fiscal year ended 2005, Applied had sales of $1.72 billion.

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.


articles left

Want more Premium content from MDM?

Subscribe today and get:

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


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 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



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
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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