Applied Industrial Technologies (NYSE: AIT) reported Q4 EPS of $1.56, $0.41 better than the analyst estimate of $1.15. Revenue for the quarter came in at $895.9 million versus the consensus estimate of $841.55 million.

GUIDANCE:

Applied Industrial Technologies sees FY2022 EPS of $5.00-$5.40, versus the consensus of $4.99.

• The Company is reinstating its practice of providing formal full-year guidance. For the fiscal year ending June 30, 2022, the Company is introducing EPS guidance in the range of $5.00 to $5.40 based on sales growth of 8% to 10% including 7% to 9% on an organic basis, as well as EBITDA margins of 9.7% to 9.9%. Guidance assumptions include a steady industrial demand environment relative to current trends, ongoing inflationary headwinds including greater LIFO expense, and lingering uncertainty related to the COVID-19 pandemic. Guidance does not assume contribution from potential future acquisitions.

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