AP NEWS

Applied Industrial Technologies: Fiscal 1Q Earnings Snapshot

October 30, 2019

CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Wednesday reported fiscal first-quarter net income of $38.8 million.

On a per-share basis, the Cleveland-based company said it had profit of $1. Earnings, adjusted for non-recurring costs, came to $1.02 per share.

The industrial products company posted revenue of $856.4 million in the period.

Applied Industrial Technologies expects full-year earnings in the range of $4.20 to $4.50 per share.

Applied Industrial Technologies shares have climbed roughly 7% since the beginning of the year. The stock has decreased 13% 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