Applied Industrial Technologies Reports Fiscal 2021 Second Quarter Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. RNG
2. DECK
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. TSCO
9. BE
10. SPY

Go back to Applied Industrial Technologies Reports Fiscal 2021 Second Quarter Results

Applied Industrial Technologies (AIT) Tops Q2 EPS by 24c, Revenues Beat

January 28, 2021 6:34 AM EST

Applied Industrial Technologies (NYSE: AIT) reported Q2 EPS of $0.98, $0.24 better than the analyst estimate of $0.74. Revenue for the quarter came in at $751.3 million versus the consensus estimate of $732.92 million.

Neil A. Schrimsher, Applieds President & Chief Executive Officer, commented Our fiscal 2021 second quarter reflects solid execution across Applied. We are progressing on our growth initiatives as end-market demand gradually recovers. This drove encouraging order momentum and seasonally strong sequential improvement in daily sales rates during the quarter. Combined with solid cost control and working capital... More