Brief: Applied Industrial Technologies Reports Fiscal 2023 First Quarter Results

Applied Industrial Technologies

27/10/2022 11:42

Oct 27 (Reuters) - Applied Industrial Technologies Inc
 AIT.N :
    * APPLIED INDUSTRIAL TECHNOLOGIES REPORTS FISCAL 2023 FIRST
QUARTER RESULTS
    * Q1 SALES ROSE 19.1 PERCENT TO $1.1 BILLION
    * Q1 EARNINGS PER SHARE $1.97
    * RAISING FISCAL 2023 GUIDANCE FOLLOWING FIRST QUARTER
PERFORMANCE
    * FOR FISCAL 2023, THE COMPANY NOW PROJECTS EPS OF $6.90 TO
$7.55
    * FOR FISCAL 2023, THE COMPANY EXPECTS SALES GROWTH OF 5% TO
9%
INCLUDING 6% TO 10% ON AN ORGANIC BASIS

Source text for Eikon:  ID:nBw4hYPyha 
Further company coverage:  AIT.N 
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