Applied Industrial Technologies Reports Fiscal 2020 Fourth Quarter and Year-End Results

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Go back to Applied Industrial Technologies Reports Fiscal 2020 Fourth Quarter and Year-End Results

Applied Industrial Technologies (AIT) Tops Q4 EPS by 12c, Revenues Miss

August 12, 2020 6:32 AM EDT

Applied Industrial Technologies (NYSE: AIT) reported Q4 EPS of $0.80, $0.12 better than the analyst estimate of $0.68. Revenue for the quarter came in at $725.1 million versus the consensus estimate of $739.39 million.

Fiscal Fourth Quarter 2020 Highlights

Net Sales of $725.1 Million Down 17.9% YoY; Down 18.4% on an Organic BasisEPS of $0.77;Non-GAAP Adjusted EPS of $0.80Operating Cash Flow of $127.1 Million; Free Cash Flow of $123.2 Million

Neil A. Schrimsher, Applieds President & Chief Executive Officer, commented I want to thank our associates for their strong effort and support throughout fiscal 2020 including the exceptional response... More