Revenue during the quarter grew 7.29 percent to $679.30 million from $633.17 million in the previous year period. Gross margin for the quarter expanded 48 basis points over the previous year period to 28.09 percent. Operating margin for the quarter period stood at positive 6.69 percent as compared to a negative 5.22 percent for the previous year period.

Operating income for the quarter was $45.47 million, compared with an operating loss of $33.03 million in the previous year period.

Commenting on the Company’s performance, Applied's President & Chief Executive Officer Neil A. Schrimsher said, "Our results reflect a solid third quarter with continued sales per day improvements across our core operations and ongoing operational excellence activities throughout the business. We are well-positioned to build on this momentum and deliver a strong finish to our fiscal 2017."

The company has spent $11.84 million cash to meet investing activities during the nine month period as against cash outgo of $65.21 million in the last year period. It has incurred net capital expenditure of $9.06 million on net basis during the nine month period, down 0.07 percent or $0.01 million from year ago period.

The company has spent $58.75 million cash to carry out financing activities during the nine month period as against cash outgo of $30.04 million in the last year period.