Applied Industrial Technologies (AIT) Tops Q1 EPS by 12c

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Go back to Applied Industrial Technologies (AIT) Tops Q1 EPS by 12c

Applied Industrial Technologies Reports Fiscal 2019 First Quarter Results

October 31, 2018 6:30 AM EDT

Net Sales of $864.5M, Up 27.0%; 6.9% Organic Sales GrowthNet Income of $48.9M, Up 45.1%; EPS of $1.24, Up 44.2% EBITDA of $82.5M, 9.5% of SalesIncreases Full-Year EPS Guidance: $4.65 - $4.85Declares Dividend of $0.30

CLEVELAND, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported first quarter fiscal 2019 sales and earnings for the three months ended September 30, 2018.

Net sales for the quarter grew 27.0% to $864.5 million from $680.7 million in the same quarter a year ago. The overall sales increase for the quarter... More