Applied Industrial Technologies, Inc. (NYSE:AIT) reported better-than-expected earnings for the fourth quarter on Thursday.
The company posted quarterly earnings of $2.80 per share which beat the analyst consensus estimate of $2.65 per share. The company reported quarterly sales of $1.225 billion which beat the analyst consensus estimate of $1.183 billion.
Applied Industrial Techs said it sees FY2026 GAAP EPS of $10.00-$10.75 versus market estimates of $9.96. The company also expects sales of $4.747 billion-$4.883 billion versus projections of $4.522 billion.
Neil A. Schrimsher, Applied’s President & Chief Executive Officer, commented, “We ended fiscal 2025 on an encouraging note with fourth quarter sales and EPS exceeding …