Applied Industrial Technologies (AIT) Raises Quarterly Dividend 3.4% to $0.30; 1.7% Yield
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Applied Industrial Technologies Reports Fiscal 2018 Second Quarter Results
January 25, 2018 6:30 AM ESTNet Sales of $667.2 Million Up 9.7%Net Income of $31.0 Million Up 28.5%; EPS of $0.79 Up 29.5%Raises Full-year GuidanceIncreases Quarterly Dividend to $0.30 Per Share
CLEVELAND, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported second quarter fiscal 2018 sales and earnings for the three months ended December 31, 2017.Net sales for the quarter grew 9.7% to $667.2 million from $608.1 million in the same quarter a year ago. The overall sales increase for the quarter reflects a 0.9% increase from acquisition-related volume and favorable foreign currency... More
