Industrial parts and products maker Applied Tech (AIT) has reported strong financial results for the fiscal fourth quarter ended June 30. The company provides automation technologies, flow control, fluid power, industrial motion and related maintenance supplies. Applied reported earnings per share (EPS) of $1.51, higher than $0.77 per share a year ago and the Street’s estimate of $1.15 per share. Quarterly net sales grew 23.6% year-over-year to $895.9 million, surpassing analysts’ expectations of $841.55 million. The President and CEO of Applied, Neil A.
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