Applied Industrial Technologies (NYSE: AIT), Cleveland-based distributor of industrial motion, fluid power, flow control and automation supplies and solutions, reported sales for its fiscal 2025 first quarter ended September 30, 2024, were $1.1 billion, up 0.3% over the prior year period.
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Profit for the quarter was $92.1 million, down 1% from a year ago.
“I’m encouraged by the start to fiscal 2025,” said Neil A. Schrimsher, Applied’s president and CEO. “While the demand backdrop remains mixed, first-quarter sales exceeded our expectations and strengthened during September. Positive trends are developing across our Engineered Solutions segment including stronger orders within our Automation operations and the technology sector, while Service Center segment sales held steady as the quarter progressed.”
Applied employs more than 6,500 people at more than 590 locations in North America, Australia, New Zealand, Singapore and Costa Rica.
