Applied Industrial Technologies, Inc. Provides Sales Guidance for the Fourth Quarter of Fiscal 2021
April 29, 2021 at 06:30 am EDT
Share
Based on month-to-date sales in April and assuming normal seasonal patterns, Applied Industrial Technologies, Inc. would project fiscal 2021 fourth quarter sales to increase 12% to 13% year over year on an organic basis.
Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Companyâs segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.
APPLIED INDUSTRIAL TECHNOLOGIES, INC. 
