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July 2, 2014
07:33 EDTAITApplied Industrial completes three acquisitions
Applied Industrial has completed the previously announced acquisition of Knox Oil Field Supply, a distributor of oilfield supplies and related services with 15 locations in Texas and one in New Mexico. The business employs 140 people and has annual sales of more than $100M. The Knox acquisition will be accretive in FY15, providing incremental EPS of 5c-7c. Applied also has acquired Rodamientos y Derivados del Norte S.A. of Monclova, Mexico, and Great Southern Bearings and Northam Bearings of Western Australia. Combined, RODENSA and GSB/Northam have approximately $20M in sales and will generate about 1% EPS accretion. The three purchases were funded through a $120M fixed-rate private placement facility and additional borrowings under Applied's existing revolving credit facility.
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August 13, 2014
06:33 EDTAITApplied Industrial sees FY15 EPS $2.95-$3.20, consensus $3.21
Expects to see improvements in our service center operations and fluid power business, supported by an improving industrial economic environment.
06:32 EDTAITApplied Industrial: We enter FY15 with a grea deal of momentum
06:32 EDTAITApplied Industrial reports Q4 EPS 71c, consensus 75c
Reports Q4 revenue $654.62M, consensus $661.8M
August 12, 2014
15:23 EDTAITNotable companies reporting before tomorrow's open
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