Applied Industrial Posts $2.97 Q1 EPS
AIT sits 33% above its 52-week low of $238.72.
Summary
Applied Industrial reported fiscal first-quarter EPS of $2.97 on sales of $1.29B, up 7.6%, with net income of $110.4M. The print is its first since the record fiscal 2026 results ($5.0B sales, $10.95 EPS) disclosed in the August 10-K, and management had raised long-term targets to $7 billion in sales at the August update, so the bar for this quarter was already elevated. The company raised its fiscal-year outlook to EPS $11.70 to $12.20.
At the time of this announcement, AIT was trading at $317.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $238.72 to $374.80. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.