Applied Industrial Technologies (AIT) Tops Q3 EPS by 12c; Raises Outlook

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Go back to Applied Industrial Technologies (AIT) Tops Q3 EPS by 12c; Raises Outlook

Applied Industrial Technologies Reports Fiscal 2017 Third Quarter Results and Declares Dividend

April 27, 2017 6:30 AM EDT

EPS of $0.75 on 7.3% Sales Gain    Raises Full-Year Guidance

CLEVELAND, April 27, 2017 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported sales and earnings for the third quarter and nine months ended March 31, 2017.

Net sales for the quarter were $679.3 million, an increase of 7.3% compared with $633.2 million in the same quarter a year ago. The overall sales increase for the quarter reflects a 0.4% increase from acquisition-related volume and favorable foreign currency translation of 0.1%. Excluding these factors, organic growth was up 6.8%,... More