Applied Industrial Technologies Reports Fiscal 2020 Fourth Quarter and Year-End Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/5/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
Applied Industrial Technologies (AIT) Tops Q4 EPS by 12c, Revenues Miss
August 12, 2020 6:32 AM EDTApplied 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 MillionNeil 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
