Recap: Applied Industrial Q1 Earnings

Shares of Applied Industrial AIT rose 0.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 12.75% over the past year to $0.89, which beat the estimate of $0.62.

Revenue of $747,807,000 decreased by 12.68% year over year, which beat the estimate of $724,220,000.

Outlook

Applied Industrial hasn't issued any earnings guidance for the time being.

Applied Industrial hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 28, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.applied.com%2F&eventid=2624987&sessionid=1&key=8183439BE72DFDF28AA1EA457232B1F3&regTag=&sourcepage=register

Technicals

52-week high: $70.62

Company's 52-week low was at $30.66

Price action over last quarter: down 6.48%

Company Profile

Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.