Applied Industrial Technologies (AIT) Tops Q3 EPS by 24c; Raises FY22 EPS Guidance

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Go back to Applied Industrial Technologies (AIT) Tops Q3 EPS by 24c; Raises FY22 EPS Guidance

Applied Industrial Technologies Reports Fiscal 2022 Third Quarter Results

April 28, 2022 6:30 AM EDT

Net Sales of $980.7 Million Up 16.6% YoY; Up 14.7% on an Organic Daily Basis Net Income of $68.3 Million, or $1.75 Per Share; EBITDA of $108.6 Million Raising Fiscal 2022 Guidance for Sales, EBITDA Margin, and EPS

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 third quarter ended March 31, 2022.

Net sales for the quarter increased 16.6% to $980.7 million from $840.9... More