Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, OH, reported sales for the fiscal year 2017 of $2.6 billion, up 2.9 percent year-over-year. Profit was $133.9 million, up from $29.5 million in 2016.
For the fiscal fourth quarter ended June 30 sales were $681.5 million, an increase of 7.5 percent year-over-year. Profit increased 103.8 percent to $53 million.
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