Applied Industrial Technologies (AIT: chart), industrial products distributor, reported a second-quarter net income of $18.6 million, or 42 cents per share, compared with $15.3 million or 33 cents per share in the year-earlier period. Revenue climbed 4% to $472.4 million versus $456.2 million in the same period a year earlier.

SLM Corp. (SLM: chart), various financial services provider, said that its fourth-quarter net income increased 15% to $326 million, or 74 cents per share, compared with $284 million, or 63 cents per share in the year-ago period. GAAP earnings for the quarter fell to 2 cents per share versus 96 cents per share.

Huntington Bancshares Inc. (HBAN: chart), bank holding company, reported fourth-quarter net income of $87.7 million, or 37 cents per share compared with $100.6 million, or 44 cents per share, in the year-earlier period. The latest earnings reflect a 10-cent cost from special items. The net interest margin was 3.28%, wider than the 3.22% of the third quarter and narrower than the 3.34% of the year-earlier period.

PPG Industries Inc. (PPG: chart), chemical and coatings company, said its fourth-quarter net income rose to $157 million, or 94 cents a share, compared with $113 million, or 68 cents per share in the year-earlier period. PPG reported a $3 million, or 2 cents per share charge for its obligation under a proposed asbestos settlement. Revenue increased 11% to $2.77 billion versus $2.51 billion in the year-ago period.

International Game Technology (IGT: chart), maker of slot machines and casino management systems, said that its fiscal first-quarter net income inched up to $121 million, or 35 cents per share, compared with $120.6 million, or 34 cents per share last year. Revenue jumped 4% to $642 million versus $616.2 million in 2006.