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Applied Industrial Technologies: Fiscal 2Q Earnings Snapshot

January 28, 2021 GMT

CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Thursday reported a fiscal second-quarter loss of $5.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Cleveland-based company said it had a loss of 14 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 98 cents per share.

The industrial products company posted revenue of $751.3 million in the period.

Applied Industrial Technologies shares have declined slightly more than 1% since the beginning of the year. The stock has climbed 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT