Applied Industrial Technologies, Inc. (NYSE:AIT) Q3 2018 Earnings Conference Call - Preliminary Transcript

Apr 26, 2018 • 10:00 am ET

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Applied Industrial Technologies, Inc. (NYSE:AIT) Q3 2018 Earnings Conference Call - Preliminary Transcript

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Presentation
Executive
David K. Wells

continued positive near-term industrial market outlook and further traction from our strategic growth initiatives. Additionally, our full-year EPS guidance includes $0.12 in one-time transaction related cash costs associated with the FCX acquisition as well as $0.19 incremental non-cash amortization.

With that, I will now turn the call back over to Neil for some final closing comments.

Executive
Neil A. Schrimsher

Thanks, Dave. In summary, we are pleased with our overall performance and accomplishments today. However, we are not satisfied. We know there is more work to be done to realize our full potential. With our annual planning process underway, we look forward to building on this momentum, generating a strong finish to the fiscal year, delivering on our commitments and setting the stage for the next level of growth in fiscal 2019. As we continue to celebrate Applied's 95 years of leadership in distribution, we're evermore energized and excited about our business potential, growth prospects and providing benefits for all our stakeholders.

With that, we'll open up the lines for your questions.