Applied Industrial Technologies (AIT) Tops Q1 EPS by 10c, Offers FY Guidance
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Applied Industrial Technologies Reports Fiscal 2022 First Quarter Results
October 27, 2021 6:30 AM EDTNet 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
