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Applied Industrial Technologies Inc (AIT.N)

AIT.N on New York Stock Exchange

55.31USD
16 Oct 2019
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Latest Key Developments (Source: Significant Developments)

Applied Industrial Technologies Reports Fiscal 2019 Second Quarter Results
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Applied Industrial Technologies Inc ::APPLIED INDUSTRIAL TECHNOLOGIES REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.99.Q2 SALES $840 MILLION VERSUS REFINITIV IBES ESTIMATE OF $853 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.06 -- REFINITIV IBES DATA.FULL-YEAR GUIDANCE REVISED TO REFLECT CURRENT BUSINESS CONDITIONS.QUARTERLY DIVIDEND INCREASED TO $0.31 PER SHARE.SAYS FULL-YEAR GUIDANCE REVISED TO REFLECT CURRENT BUSINESS CONDITIONS."EXPERIENCE SOME DECELERATION AS WE PROGRESSED THROUGH QUARTER".SEES FULL-YEAR FISCAL 2019 SALES INCREASE OF 12.5% TO 15.0%.SEES FY 2019 EARNINGS PER SHARE $4.45 TO $4.65."SIGNIFICANTLY WEAKER SALES IN FINAL WEEK OF CALENDAR YEAR".EXPERIENCED AN ADVERSE IMPACT ON MARGINS FROM A LIFO INVENTORY CHARGE IN QUARTER.FY2019 EARNINGS PER SHARE VIEW $4.77 -- REFINITIV IBES DATA.  Full Article

Applied Industrial Technologies Reports Q3 Earnings Per Share $0.93
Thursday, 26 Apr 2018 

April 26 (Reuters) - Applied Industrial Technologies Inc ::APPLIED INDUSTRIAL TECHNOLOGIES REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.93.Q3 SALES $827.7 MILLION VERSUS I/B/E/S VIEW $805.1 MILLION.RAISES FULL-YEAR GUIDANCE.APPLIED INDUSTRIAL TECHNOLOGIES- RAISING FY EARNINGS PER SHARE GUIDANCE TO $3.51 AND $3.61/SHARE, ON SALES ANTICIPATED TO BE 17.5% TO 18.5% HIGHER YEAR OVER YEAR.BOARD OF DIRECTORS DECLARED A QUARTERLY CASH DIVIDEND OF $0.30 PER COMMON SHARE.FY2018 EARNINGS PER SHARE VIEW $3.31, REVENUE VIEW $3.00 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY RESULTS INCLUDE $0.12 ONE-TIME TRANSACTION-RELATED EXPENSES RELATED TO ACQUISITION OF FCX PERFORMANCE.  Full Article

Applied Industrial Technologies Reports Q2 EPS Of $0.79
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Applied Industrial Technologies Inc ::APPLIED INDUSTRIAL TECHNOLOGIES REPORTS FISCAL 2018 SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.79.Q2 SALES $667.2 MILLION VERSUS I/B/E/S VIEW $652.1 MILLION.Q2 EARNINGS PER SHARE VIEW $0.71 -- THOMSON REUTERS I/B/E/S.RAISES FY 2018 EARNINGS PER SHARE VIEW TO $3.40 TO $3.50.APPLIED INDUSTRIAL TECHNOLOGIES - REVISED 2018 EARNINGS PER SHARE GUIDANCE INCLUDES ABOUT $0.11 EPS BENEFIT FROM U.S. TAX REFORM.APPLIED INDUSTRIAL - U.S. FTC GRANTED EARLY TERMINATION OF WAITING PERIOD UNDER HART-SCOTT-RODINO ACT FOR PENDING FCX PERFORMANCE DEAL.APPLIED INDUSTRIAL TECHNOLOGIES - FCX PERFORMANCE DEAL EXPECTED TO CLOSE ON JAN. 31.SEES FY 2018 SALES UP 6 TO 7 PERCENT.APPLIED INDUSTRIAL - DECLARED QUARTERLY CASH DIVIDEND OF $0.30/SHARE, AN INCREASE OF $0.01/SHARE OVER PRIOR QUARTER.SAYS INCREASES QUARTERLY DIVIDEND TO $0.30 PER SHARE.  Full Article

Applied Industrial Technologies To Acquire FCX Performance Inc
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Applied Industrial Technologies Inc ::APPLIED INDUSTRIAL TECHNOLOGIES TO ACQUIRE FCX PERFORMANCE, INC..APPLIED INDUSTRIAL TECHNOLOGIES INC - DEAL FOR ‍TOTAL CONSIDERATION OF APPROXIMATELY $768 MILLION​.APPLIED INDUSTRIAL TECHNOLOGIES INC - DEAL WILL BE FINANCED WITH NEW CREDIT FACILITY COMPRISED OF A $780 MILLION TERM LOAN A AND $250 MILLION REVOLVER.APPLIED INDUSTRIAL TECHNOLOGIES INC - DEAL EXPECTED TO BE ACCRETIVE IN FY 2019 AFTER RECOGNITION OF RELATED ONE-TIME DEAL COSTS IN FY 2018.APPLIED INDUSTRIAL TECHNOLOGIES-ACQUISITION ANTICIPATED TO CONTRIBUTE ABOUT $550 MILLION IN SALES, $68 MILLION IN EBITDA IN FIRST 12 MONTHS OF CO'S OWNERSHIP​.APPLIED INDUSTRIAL TECHNOLOGIES TO ACQUIRE FCX PERFORMANCE, INC..  Full Article