Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported sales for the fiscal second quarter ended Dec. 31 of $610.3 million, a decrease of 11.8 percent from the same quarter a year ago. Profit fell 19.5 percent to $23.9 million.
For the first six months of the fiscal year, sales fell 10.2 percent year-over-year to $1.3 billion. Profit decreased 18 percent to $48.2 million.
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