Applied Industrial Technologies (AIT) Misses Q2 EPS by 7c, Revenues Miss; Offers Revised FY19 EPS Guidance Below Consensus

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Go back to Applied Industrial Technologies (AIT) Misses Q2 EPS by 7c, Revenues Miss; Offers Revised FY19 EPS Guidance Below Consensus

Applied Industrial Technologies Reports Fiscal 2019 Second Quarter Results

January 24, 2019 6:30 AM EST

Net Sales of $840.0M, Up 25.9% Year-Over-YearNet Income of $38.7M; EPS of $0.99 Up 25.3% Year-Over-YearEBITDA of $76.0M, 9.1% of Sales; Up 60 bps Year-Over-YearQuarterly Dividend Increased to $0.31 Per ShareFull-Year Guidance Revised to Reflect Current Business Conditions

CLEVELAND, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported second quarter fiscal 2019 sales and earnings for the three months ended December 31, 2018.

Net sales for the quarter grew 25.9% to $840.0 million from $667.2 million in the same... More