Applied Industrial Technologies (AIT) Declares $0.28 Quarterly Dividend; Approves 1.5M Share Buyback
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Applied Industrial Technologies Reports Fiscal 2017 First Quarter Results
October 26, 2016 6:30 AM EDTNet Income of $27.4 Million Up 12.7%; EPS of $0.70 Up 14.8%Reaffirms Full-Year Earnings GuidanceAnnounces New Stock Repurchase Plan
CLEVELAND, Oct. 26, 2016 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported first quarter fiscal 2017 sales and earnings for the three months ended September 30, 2016.
Net sales for the quarter were $624.8 million, a decrease of 2.7% compared with $641.9 million in the same quarter a year ago. The overall sales decrease for the quarter reflects a 2.4% increase from acquisition-related volume, offset by a 4.8% decrease in our... More
