Applied Industrial Technologies GAAP EPS of $2.97 beats by $0.08, revenue of $1.3B beats by $10M
- Applied Industrial Technologies press release (AIT): Q1 GAAP EPS of $2.97 beats by $0.08.
- Revenue of $1.3B (+8.3% Y/Y) beats by $10M.
- Today, the Company is modestly increasing fiscal 2027 EPS guidance to a range of $11.70 to $12.20 vs $12.04 consensus (prior $11.65 to $12.15) to reflect a slightly lower diluted share count assumption following first quarter share repurchases. The Company is maintaining guidance for sales of up 4.0% to 6.5%, as well as EBITDA margins of 12.5% to 12.8%.
- Shares +1% PM.
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