Applied Industrial Technologies Reports Fiscal 2021 First Quarter Results
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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ir.applied.com/home
Company Research
Source: Business Wire
Net Sales of $747.8 Million Down 12.7% YoY; Down 13.4% on an Organic BasisNet 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 year. The change includes a 1.1% increase from acquisitions, partially offset by a 0.4% negative impact from foreign currency translation. Excluding these factors, sales decreased 13.4% on an organic basis reflecting a 14.4% decline in the Service Center segment and a 11.2% decline in the Fluid Power & Flow Control segment. The Company reported net income of $
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AIT
Earnings
- 1/25/24 - Beat
AIT
Sec Filings
- 4/3/24 - Form 4
- 2/13/24 - Form SC
- 2/5/24 - Form 4
- AIT's page on the SEC website