Applied Industrial Technologies Reports Fiscal 2022 Third Quarter Results
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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Source: Business Wire
Net Sales of $980.7 Million Up 16.6% YoY; Up 14.7% on an Organic Daily BasisNet Income of $68.3 Million, or $1.75 Per Share; EBITDA of $108.6 MillionRaising 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 million in the prior year. The change includes a 0.4% increase from acquisitions and a 1.6% benefit from one extra selling day, partially offset by a negative 0.1% impact from foreign currency translation. Excluding these factors, sales increased 14.7% on an organic daily basis reflecting a 13.6% increase in the Service Center segment and a 17.1% increase in the Fluid Power & Flow Co
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- Applied Industrial Technologies, Inc. (NYSE: AIT) had its price target raised by analysts at KeyCorp from $195.00 to $210.00. They now have an "overweight" rating on the stock.MarketBeat
AIT
Earnings
- 1/25/24 - Beat
AIT
Sec Filings
- 4/3/24 - Form 4
- 2/13/24 - Form SC
- 2/5/24 - Form 4
- AIT's page on the SEC website