Ryan Cieslak joins Applied from Northcoast Research.
Latest In Applied Industrial
Companys fiscal second-quarter 2019 sales rise 26 percent to $840 million.
The business will continue to operate under the Fluid Power Sales name.
Distributor reports strong fiscal first quarter, citing double-digit acquisition-related growth.
Company reports strong fourth quarter and full year ended June 30, boosted by FCX acquisition.
Distributor reports strong fiscal third quarter, boosted by FCX acquisition.
Market leaders kick off 2018 with sector-shifting transactions.
For the first six months, sales grew 9.3 percent year-over-year.
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Fluid power & flow control business will reach close to 40 percent of revenue.
Deal valued at $768 million combines two of distribution's largest companies.
Profit for the quarter was up 23.2 percent to $33.7 million.
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Fourth quarter sales increased 7.5 percent year-over-year.
National Oilwell Varco, NOW Inc. also report positive outlook for activity, but remain cautious.
Company reports profit of $29.5 million for the quarter.
Applied Industrial, Fastenal, Beacon Roofing add to portfolios during month.
Acquisition enhances Applied's fluid power position.
For the first six months, sales fell 1.5 percent year-over-year.
Investments in everything from e-commerce to supply chain paying off.
Profit increased 12.8 percent in fiscal year's first quarter.
