Date: 2013-08-01

Applied Industrial Technologies Reports Fourth-quarter Profit VS. Year-ago Loss

Applied Industrial Technologies(AIT)has reported a fourth-quarter profit compared to a year-earlier loss, and has forecast higher earnings for the fiscal year ahead.

The distributor of bearings and industrial parts said its net income in the quarter totaled $27.7 million, or 64 cents per diluted share. In the fourth quarter of fiscal 2009, applied lost $8 million, or 19 cents a share, which included goodwill impairment charges of $36.6 million.

"We are very pleased with our operating performance in fiscal 2010 and are looking forward to more improvement in fiscal 2011,

Previous: U.S. Bearings Face Continued Tit-for-Tat Tariffs
Next: FAG Axial Ball Bearings Reduce Energy Consumption in Household Appliances

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
ML7011 KOYO	7	11	2.5
636 KOYO	6	22	7

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.