Applied Industrial Technologies: Fiscal Q4 Earnings Snapshot

August 11, 2022 GMT

CLEVELAND (AP) _ Applied Industrial Technologies Inc. (AIT) on Thursday reported fiscal fourth-quarter profit of $79.1 million.

The Cleveland-based company said it had net income of $2.02 per share.

The industrial products company posted revenue of $1.06 billion in the period.

For the year, the company reported profit of $257.4 million, or $6.58 per share. Revenue was reported as $3.81 billion.

Applied Industrial Technologies expects full-year earnings to be $6.65 to $7.30 per share.

Applied Industrial Technologies shares have increased slightly more than 3% since the beginning of the year. The stock has increased 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT