Applied Industrial Technologies raises FY27 EPS guidance after first quarter
FROM THE WIRE · FINANCE.YAHOO.COM
Net Sales of $1.3 Billion Up 7.6% YoY; Up 7.1% on an Organic Basis Net Income of $110.4 Million, or $2.97 Per Share Up 12.7% YoY Operating Income of $143.6 Million Up 11.3%; EBITDA of $160.3 Million Up 9.6% YoY Operating Cash Flow of $86.4 Million; Free Cash Flow of $73.4…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHigher sales and earnings with raised EPS guidance can support the industrial distributor stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Net sales for the quarter were $1.3 billion, up 7.6%.
- 02Net income was $110.4 million, or $2.97 per share.
- 03FY27 EPS guidance was raised to $11.70 to $12.20.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets