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Merely search "Applied Item Catalog" and quickly search for items, videos, drawings and enriched material with direct links to the primary site for simple purchasing. Store online with instant access to more than 2.5 million items and examine real-time stock, specs and prices. Registered users can see contract pricing and get early alert of brand-new products and unique promotions.




About Applied ® Established in 1923, Applied Industrial Technologies is a leading distributor of bearings, power transmission items, engineered fluid power, specialty circulation control solutions, and other commercial supplies, serving MRO and OEM clients in essentially every industry. In addition, Applied supplies engineering, design and systems integration for industrial and fluid power applications, along with customized mechanical, made rubber, fluid power, and flow control shop services.


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For more info, check out www.applied.com . i Tunes is a registered trademark of Apple Inc. Google Play is a trademark of Google Inc. BUSINESS & MEDIA RELATIONS Julie A. Kho Supervisor, Public Relations 216-426-4483 Source: Applied Industrial Technologies, Inc


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. Image source: The Motley Fool. Applied Industrial Technologies Inc (Oct 30, 2019 , Prepared Remarks Questions and Responses Call Participants Operator Welcome to the Fiscal 2020 First Quarter Revenues Call for Applied Industrial Technologies. My name is Mariama, and I'll be your operator for today's call. [Operator Instructions] I will now turn the call over to Ryan Cieslak, Director of Investor Relations and Treasury.


Ryan D. Cieslak-- Assistant Treasurer Thank you, Mariama, and great early morning, everybody. Today, we released our earnings release and additional investor deck detailing our first quarter outcomes. Both of these files are available in the Investor Relations area of our website at applied.com. A replay these days's broadcast will be available for the next two weeks.


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All positive statements are based on current expectations that are subject to particular dangers, including patterns in sectors and geographies, the success of our organisation technique and other danger factors offered in our news release, our most recent routine report and other filings made with the SEC. These are readily available at the Financier Relations area of applied.com.


The company carries out no responsibility to upgrade publicly or modify any forward-looking declaration. In addition, the teleconference will use non-GAAP monetary procedures explained in our news release and extra discussion, which undergo the certifications referenced in those files. Today's teleconference is offered to the media and basic public along with to experts and financiers, due to the fact that the teleconference and its webcast are open to all constituents and previous notice has actually been commonly and unselectively dispersed, all content of the call will be thought about completely revealed.


With that, I'll turn it over to Neil. Neil A. Schrimsher-- President and Chief Executive Officer Thank you, Ryan. Great morning, everyone. We value you joining us. I'll start with some quick thoughts, then Dave will follow to evaluate our monetary lead to more detail. First, I wish to thank all our partners for their effort to begin our .


Numerous business specific patterns during the quarter emphasize this. Of note, our gross margin broadened year-over-year, while money generation was seasonally strong with totally free cash up significantly from a year back. In addition, constant with our business's track record of functional discipline, we are proactively changing to the slower demand environment.


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Benefits from our continuous expense focus and Q 1 actions will ramp into our 2nd quarter results and assistance delivery of our financial 2020 guidance. As gone over last quarter and constant with macroeconomic industrial reports, need is subdued with a higher number of our end markets contracting year-over-year throughout the first quarter.


Clients are producing and spending less offered macro unpredictability around trade policy and a more modest speed to capital project activity. That said, while end market uncertainty remains, our sales patterns are running in line with our assistance assumptions supplied in mid-August and in several areas are showing indications of stabilization.


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Our focus is placing the business for more robust growth, as we believe our opportunity is meaningful. Basically, we are integral to the movement, power, and control of commercial infrastructure and devices, which today is increasingly complicated, requires detailed services and support, and demands adjusting to emerging innovations and labor lacks.


And our technique and investments are concentrated on embedding this value more deeply throughout our customers direct production and supply chain functions. This includes investing into adjacencies that further resolve our customers' technical needs, while building an extra moat around our worth proposition. Our 2018 acquisition of FCX and their leading Flow Control capabilities is an example of this, which we expect to drive additional income synergy opportunities over the next several years.

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