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0.000184867735538324 0.0012436556754395 0.000823501731034266 0 -0.0019831266175926 -0.00315955766192732 -0.00315955766192732 -0.00315955766192732
Stock impact report

Applied Industrial Q3 Earnings & Sales Top Estimates, Up Y/Y [Yahoo! Finance]

Applied Industrial Technologies, Inc. (AIT) 
Last applied industrial technologies, inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.applied.com/home
Company Research Source: Yahoo! Finance
The bottom line increased 3.1% year over year. Net sales of $1.25 billion beat the consensus estimate of $1.22 billion. Also, the top line increased 7.3% year over year. Acquisitions boosted the top line by 0.5% while foreign-currency translation had a favorable impact of 0.8%. Organic sales increased 6% year over year. Segmental Discussion The Service Center-Based Distribution segment's sales, which contributed 64.3% to net sales, totaled $804.9 million. On a year-over-year basis, the segment's sales increased 5.7%. While organic sales increased 4.2%, foreign currency translation positively impacted sales by 1.3%. Segmental sales were aided by ongoing internal initiatives and higher technical MRO activities. The Engineered Solutions segment's sales (formerly the Fluid Power & Flow Control segment), which contributed 35.7% to net sales, totaled $446.5 million. On a year-over-year basis, the segment's sales increased 10.2%. Acquisitions boosted the top line by 0.9%. Organic Show less Read more
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