Applied Industrial Technologies Inc (AIT) announced a profit for its third quarter that increased from the same period last year
The company's earnings totaled $99.80 million, or $2.57 per share. This compares with $97.22 million, or $2.48 per share, last year.
The company's revenue for the period rose 1.7% to $1.166 billion from $1.146 billion last year.
Applied Industrial Technologies Inc earnings at a glance (GAAP) :
-Earnings: $99.80 Mln. vs. $97.22 Mln. last year.-EPS: $2.57 vs. $2.48 last year.-Revenue: $1.166 Bln vs. $1.146 Bln last year.
-Guidance:Next quarter EPS guidance: $2.52 - $2.67Full year EPS guidance: $9.85 to $10.00
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.