Applied Industrial Technologies: Fiscal 4Q Earnings Snapshot

Associated Press |

CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Friday reported fiscal fourth-quarter net income of $40.4 million.

The Cleveland-based company said it had net income of $1.03 per share.

The industrial products company posted revenue of $897.7 million in the period.

For the year, the company reported profit of $141.6 million, or $3.61 per share. Revenue was reported as $3.07 billion.

Applied Industrial Technologies expects full-year earnings to be $4.48 to $4.68 per share.

Applied Industrial Technologies shares have increased 9.5 percent since the beginning of the year. The stock has risen 34 percent in the last 12 months.

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