Applied Industrial Technologies (AIT) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 EPS Mid-Point Outlook Below Consensus

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Go back to Applied Industrial Technologies (AIT) Tops Q4 EPS by 3c, Revenues Beat; Offers FY19 EPS Mid-Point Outlook Below Consensus

Applied Industrial Technologies Reports Fiscal 2018 Fourth Quarter and Year-End Results

August 10, 2018 6:30 AM EDT

Record Full-Year Sales of $3.1 Billion, up 18.5% Fourth Quarter Sales of $897.7 Million, up 31.7%; 9.3% Organic Sales Growth Fourth Quarter Net Income of $40.4 Million, EPS of $1.03Record Fourth Quarter EBITDA, 9.7% of SalesProvides Fiscal Year 2019 Outlook

CLEVELAND, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported results for its fourth quarter and fiscal 2018 year ended June 30, 2018.

Net sales for the quarter were $897.7 million, an increase of 31.7% compared with $681.5 million in the... More