Applied Industrial’s Fiscal 2019 Sales Up 13%

This post was originally published on this site

Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, Ohio, reported sales of $882.7 million in its fiscal fourth quarter ended June 30, a decrease of 1.7% compared with the same quarter a year ago. Net income for the quarter was $39.8 million, compared with $40.4 million in the fourth quarter of fiscal 2018.

Applied reported full-year sales of $3.5 billion, up 13% compared to a year ago. Net income for the year was $144 million compared with $141.6 million in the prior-year period.

© 2019 Gale Media, Inc.

Please do not reprint MDM’s content on your website without MDM’s express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>