Applied industrial technologies reports fiscal 2022 fourth quarter and full-year results

Clevelandcleveland--(business wire)--applied industrial technologies (nyse: ait), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2022 fourth quarter and full year ended june 30, 2022. net sales for the quarter increased 18.5% to $1.1 billion from $895.9 million in the prior year. the change includes a 0.3% increase from acquisition
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