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Applied Industrial Technologies, Inc. (AIT) CEO Neil Schrimsher on Q3 2020 Results - Earnings Call Transcript

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Applied Industrial Technologies, Inc. (NYSE:AIT) Q3 2020 Earnings Conference Call April 30, 2020 10:00 AM ET

Company Participants

Ryan Cieslak - Director of Investor Relations and Treasury

Neil Schrimsher - President and Chief Executive Officer

David Wells - Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

David Manthey - Robert W. Baird & Co.

Chris Dankert - Longbow Research

Adam Uhlman - Cleveland Research

Michael McGinn - Wells Fargo Securities, LLC

Joseph Mondillo - Sidoti & Company, LLC

Steve Barger - KeyBanc Capital Markets Inc.

Garo Norian - Palisade Capital Management LLC


Welcome to the Fiscal 2020 Third Quarter Earnings Call for Applied Industrial Technologies. My name is Jason, and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] Please note that today’s conference is being recorded.

I will now turn the call over to Ryan Cieslak, Director of Investor Relations and Treasury. Ryan, you may begin.

Ryan Cieslak

Thank you, Jason, and good morning, everyone. This morning, we issued our earnings release and supplemental investor deck detailing our third quarter results. Both of these documents are available in the Investor Relations section of our website at Applied.com. A replay of today’s broadcast will be available for the next two weeks.

Before we begin, just a reminder that we’ll discuss our business outlook and make statements that are considered forward-looking. All forward-looking statements are based on current expectations that are subject to certain risks, including our comments on the potential impact from the COVID-19 pandemic, as well as trends in sectors and geographies, the success of our business strategy and other risk factors provided in our press release, our most recent periodic report and other filings made with the SEC. These are available at the Investor

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