Applied Industrial Technologies Inc (AIT) reported a profit for its first quarter that Increased, from last year and beat the Street estimates.
The company's bottom line came in at $100.81 million, or $2.63 per share. This compares with $92.06 million, or $2.36 per share, last year.
Analysts on average had expected the company to earn $2.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.2% to $1.199 billion from $1.098 billion last year.
Applied Industrial Technologies Inc earnings at a glance (GAAP) :
-Earnings: $100.81 Mln. vs. $92.06 Mln. last year.-EPS: $2.63 vs. $2.36 last year.-Revenue: $1.199 Bln vs. $1.098 Bln last year.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.