Applied Industrial Technologies Expects 2011 EPS of $1.90 to $2.10

Applied Industrial Technologies AIT Chairman & Chief Executive Officer David L. Pugh: "We believe that we will continue to see moderate growth in our daily sales run rates from the current levels throughout the remaining two quarters of our fiscal year. Based on the strength of our second quarter performance, we are raising our earnings guidance for the full fiscal year 2011 and now expect to achieve earnings of $1.90 to $2.10 per share compared to our previous forecast of $1.80 to $2.05 per share. We are raising the low end of our full-year sales guidance from $2.05 billion to $2.15 billion and maintaining our high end estimate of $2.25 billion."