Applied Industrial Technologies, Inc. reported consolidated earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported net sales of $608,123,000 against $610,346,000 a year ago. Operating income was $37,656,000 against $38,362,000 a year ago. Income before income taxes was $35,767,000 against $36,149,000 a year ago. Net income was $24,085,000 against $23,947,000 a year ago. Diluted earnings per share were $0.61 against $0.61 a year ago.

For the six months, the company reported net sales of $1,232,971,000 against $1,252,250,000 a year ago. Operating income was $80,874,000 against $79,388,000 a year ago. Income before income taxes was $77,237,000 against $73,984,000 a year ago. Net income was $51,456,000 against $48,238,000 a year ago. Diluted earnings per share were $1.31 against $1.22 a year ago. Net cash provided by operating activities was $45,658,000 compared to $33,846,000 in the prior year quarter. Property purchases were $6,710,000 against $5,737,000 a year ago.

Entering the second half of fiscal year, the company is narrowing its earnings per share and sales guidance by raising the lower-end of the ranges. The updated full-year fiscal 2017 earnings per share guidance is between $2.50 and $2.60 per share on a sales change of negative 2.0% to up 1.0%.