Applied Industrial Technologies Inc (NYSE:AIT) reported better-than-expected earnings for the fourth quarter on Thursday.
The company posted quarterly earnings of $3.17 per share which beat the analyst consensus estimate of $2.91 per share.
The company reported quarterly sales of $1.400 billion which beat the analyst consensus estimate of $1.293 billion.
Applied Industrial said it sees FY2027 GAAP EPS of $11.65-$12.15, versus market estimates of $11.77.
The company sees sales of $5.166 billion-$5.290 billion, versus expectations of $5.187 billion.
