Applied Industrial Technologies Reports Fiscal 2019 Third Quarter Results

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Go back to Applied Industrial Technologies Reports Fiscal 2019 Third Quarter Results

Applied Industrial Technologies (AIT) Tops Q3 EPS by 1c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus

April 26, 2019 6:33 AM EDT

Applied Industrial Technologies (NYSE: AIT) reported Q3 EPS of $1.16, $0.01 better than the analyst estimate of $1.15. Revenue for the quarter came in at $885.4 million versus the consensus estimate of $891.8 million.

Net Sales of $885.4 Million Up 7.0% YoY; Up 2.3% on an Organic Daily BasisEPS of $0.42; Non-GAAP Adjusted EPS of $1.16 Up 9.4% YoYEBITDA of $82.3 Million, 9.3% of Sales; Up 57 Bps YoYResults Include a $3.6 Million... More