Applied Industrial Technologies (AIT) Tops Q1 EPS by 32c; Raises Guidance

Applied Industrial Technologies (NYSE: AIT) reported Q1 EPS of $1.97, $0.32 better than the analyst estimate of $1.65. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $989.6 million.

GUIDANCE:

Applied Industrial Technologies sees FY2023 EPS of $6.90-$7.55, versus the consensus of $6.92.

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

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