Applied Industrial Technologies (AIT) Misses Q3 EPS by 6c
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April 30, 2015 6:30 AM EDT
New Share Repurchase Plan Authorized
CLEVELAND, April 30, 2015 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported third quarter fiscal 2015 sales and earnings for the three months ended March 31, 2015.
Net sales for the quarter were $680.0 million, an increase of 10.0% compared with $618.0 million in the same quarter a year ago. Net income for the quarter was $28.6 million, or $0.70 per share, compared with $30.4 million, or $0.72 per share, in the third quarter of fiscal 2014. Prior year earnings reflect a $0.07 per share benefit from one-time tax benefits and a $0.02 per share benefit from other tax... More
April 30, 2015 6:30 AM EDT
New Share Repurchase Plan Authorized
CLEVELAND, April 30, 2015 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported third quarter fiscal 2015 sales and earnings for the three months ended March 31, 2015.
Net sales for the quarter were $680.0 million, an increase of 10.0% compared with $618.0 million in the same quarter a year ago. Net income for the quarter was $28.6 million, or $0.70 per share, compared with $30.4 million, or $0.72 per share, in the third quarter of fiscal 2014. Prior year earnings reflect a $0.07 per share benefit from one-time tax benefits and a $0.02 per share benefit from other tax... More
