Applied Industrial Technologies (AIT) Tops Q3 EPS by 1c, Withdraws Outlook

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Go back to Applied Industrial Technologies (AIT) Tops Q3 EPS by 1c, Withdraws Outlook

Applied Industrial Technologies Reports Fiscal 2020 Third Quarter Results

April 30, 2020 6:30 AM EDT

Net Sales of $830.8 Million Down 6.2% YoY; Down 9.5% on an Organic Daily Basis Net Loss of $82.8 Million, or $2.14 Per Share Adjusted Net Income of $39.6 Million, or $1.02 Per Share Operating Cash Flow of $64.7 Million; Free Cash Flow of $60.5 Million Fiscal 2020 Guidance Withdrawn Amid Economic Uncertainty Declared Dividend of $0.32 Per Share

CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, and automation technologies, today reported... More