Applied Industrial Technologies (AIT) Declares $0.25 Quarterly Dividend; 2.1% Yield
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Applied Industrial Technologies (AIT) Misses Q1 EPS by 1c; Adds 1.5M Common to Buyback
October 29, 2014 6:36 AM EDTApplied Industrial Technologies (NYSE: AIT) reported Q1 EPS of $0.70, $0.01 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $702.3 million versus the consensus estimate of $682.72 million.
On October 27, the Board of Directors authorized the repurchase of up to an additional 1.5... More
Applied Industrial Technologies (AIT) Board Elects Peter C. Wallace as Chairman
October 29, 2014 6:34 AM EDTThe Board of Directors of Applied Industrial Technologies (NYSE: AIT) has elected Peter C. Wallace as its independent Chairman. He succeeds John F. Meier, who has served as Chairman since 2011 and who will continue to serve as a member of the Board.
Mr. Wallace, age 60, has served on the Applied® Board since 2005. He is Chief Executive Officer of Gardner Denver, Inc., a privately owned global manufacturer of engineered compressors, pumps, blowers, and fluid management solutions for critical applications in industrial, energy,... More
