Applied Industrial Technologies (AIT) Tops Q3 EPS by 11c

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Go back to Applied Industrial Technologies (AIT) Tops Q3 EPS by 11c

Applied Industrial Technologies Reports Fiscal 2018 Third Quarter Results

April 26, 2018 6:30 AM EDT

Net Sales of $827.7 Million Up 21.8%; 6.7% Organic Sales GrowthNet Income of $36.6 Million Up 24.1%; EPS of $0.93 Up 24.0%Results include ($0.12) one-time transaction-related expenses related to acquisition of FCX PerformanceRaises full-year guidance to reflect strong performance and favorable industrial markets

CLEVELAND, April 26, 2018 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported third quarter fiscal 2018 sales and earnings for the three months ended March 31, 2018.

Net sales for the quarter grew 21.8% to $827.7 million from $679.3 million in the same quarter a year ago.... More