Applied Industrial Technologies (AIT) Tops Q2 EPS by 38c; Offers Upbeat Guidance
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Applied Industrial Technologies Reports Fiscal 2022 Second Quarter Results
January 27, 2022 6:30 AM ESTNet Sales of $876.9 Million Up 16.7% YoY; Up 16.4% on an Organic Daily Basis Net Income of $57.0 Million, or $1.46 Per Share; EBITDA of $92.6 Million Quarterly Dividend Increased to $0.34 Per Share Raising Fiscal 2022 Guidance for Sales, EBITDA Margin, and EPS
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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 second quarter ended December 31, 2021.
Net sales for the... More
