Applied Industrial Technologies (AIT) Tops Q3 EPS by 1c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
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Applied Industrial Technologies Reports Fiscal 2019 Third Quarter Results
April 26, 2019 6:30 AM EDTNet Sales of $885.4 Million Up 7.0% YoY; Up 2.3% on an Organic Daily Basis EPS of $0.42; Non-GAAP Adjusted EPS of $1.16 Up 9.4% YoY EBITDA of $82.3 Million, 9.3% of Sales; Up 57 Bps YoY Results Include a $3.6 Million Non-cash LIFO Charge ($0.07 Per Share or 41 Bps) Mid-point of Full Year Adjusted EPS Guidance Reaffirmed, Range Tightened
CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT) today reported third quarter fiscal 2019 sales and earnings for the three months ended March... More
