Applied industrial technologies reports fiscal 2023 fourth quarter and full-year results

Cleveland--(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 2023 fourth quarter and full year ended june 30, 2023. net sales for the quarter increased 9.1% to $1.2 billion from $1.1 billion in the prior year. the change includes a 0.7% increase from acquisitions, offset by.
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