Applied Industrial Technologies (AIT) Tops Q4 EPS by 18c, beats revenue, offers guidance

Applied Industrial Technologies (NYSE: AIT) reported Q4 EPS of $2.35, $0.18 better than the analyst estimate of $2.17. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.12 billion.

Fiscal 2024 Guidance and Updated Intermediate Financial Objectives
Today the Company is introducing fiscal 2024 EPS guidance in the range of $8.80 to $9.55 based on sales growth of 0% to 4% and EBITDA margins of 11.9% to 12.1%.

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

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