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.

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

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