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Applied Industrial Technologies, Inc.

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Over the past three months, Applied Industrial’s shares have outperformed the industry. The company reported better-than-expected results for fourth-quarter fiscal 2018. Quarter adjusted earnings of $1.03 per share surpassed the Zacks Consensus Estimate by 2%. Also, revenues in the reported quarter outpaced the same by 2%. Going forward, Applied Industrial expects that sturdier segmental performance and acquisition benefits will continue to drive its revenue growth trajectory. Also, profitability in the upcoming quarters is expected to rally on the back of the company’s margin-improvement moves and greater operational excellence. Furthermore, the company remains on track to augment its shareholders’ remuneration over time.


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