Applied Industrial Technologies (AIT) Misses Q4 EPS by 3c
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Applied Industrial Technologies Reports Record Sales and Earnings Per Share for Fiscal 2015
August 12, 2015 6:30 AM EDTCLEVELAND, Aug. 12, 2015 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported results for its fourth quarter and fiscal 2015 year ended June 30, 2015.
Net sales for the quarter were $677.5 million, an increase of 3.5% compared with $654.6 million in the same quarter a year ago. The overall sales increase for the quarter reflects a 6.5% increase from acquisition related volume, offset by a negative 2.4% foreign currency translation impact and a 0.6% decrease in our core underlying operations. Net income for the quarter was $28.0 million, or $0.70 per share, compared with $29.7 million, or $0.71 per share, in the fourth quarter of fiscal... More
Applied Industrial Technologies Reports Record Sales and Earnings Per Share for Fiscal 2015
August 12, 2015 6:30 AM EDTCLEVELAND, Aug. 12, 2015 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported results for its fourth quarter and fiscal 2015 year ended June 30, 2015.
Net sales for the quarter were $677.5 million, an increase of 3.5% compared with $654.6 million in the same quarter a year ago. The overall sales increase for the quarter reflects a 6.5% increase from acquisition related volume, offset by a negative 2.4% foreign currency translation impact and a 0.6% decrease in our core underlying operations. Net income for the quarter was $28.0 million, or $0.70 per share, compared with $29.7 million, or $0.71 per share, in the fourth quarter of fiscal... More
