Applied Industrial Technologies (AIT) Tops Q3 EPS by 23c; beats on guidance

Applied Industrial Technologies (NYSE: AIT) reported Q3 EPS of $2.38, $0.23 better than the analyst estimate of $2.15. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

Applied Industrial Technologies sees FY2023 EPS of $8.47-$8.60, versus the consensus of $8.32.

FY sales growth of 14% to 15% (prior 13% to 15%).

For earnings history and earnings-related data on Applied Industrial Technologies (AIT) click here.

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