Applied Industrial Technologies (AIT) Tops Q1 EPS by 27c
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Applied Industrial Technologies Reports Fiscal 2021 First Quarter Results
October 28, 2020 6:30 AM EDTNet Sales of $747.8 Million Down 12.7% YoY; Down 13.4% on an Organic Basis Net Income of $34.8 Million; EPS of $0.89; EBITDA of $67.6 Million Operating Cash Flow of $81.8 Million; Free Cash Flow of $78.2 Million
CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2021 first quarter ended September 30, 2020.
Net sales for the quarter decreased 12.7% to $747.8 million from $856.4 million in the prior... More
