Applied Industrial Technologies (AIT) Tops Q1 EPS by 10c, Offers FY Guidance

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Go back to Applied Industrial Technologies (AIT) Tops Q1 EPS by 10c, Offers FY Guidance

Applied Industrial Technologies Reports Fiscal 2022 First Quarter Results

October 27, 2021 6:30 AM EDT

Net Sales of $891.7 Million Up 19.2% YoY; Up 16.3% on an Organic Basis Net Income of $53.0 Million, or $1.36 Per Share; EBITDA of $88.5 Million Operating Cash Flow of $48.6 Million; Free Cash Flow of $45.0 Million Fiscal 2022 Guidance Maintained Including EPS of $5.00 to $5.40

CLEVELAND--(BUSINESS WIRE)-- Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2022 first quarter ended September 30, 2021.

Net sales for the... More