Applied Industrial Technologies Reports Strong Q1 Fiscal 2027 Results and Maintains Annual Guidance
Applied Industrial Technologies (AIT) reported a strong start to fiscal 2027, highlighted by significant year-over-year growth in profitability. During the first quarter, the company achieved a 13% increase in earnings per share (EPS) and a 10% rise in EBITDA compared to the previous year. Despite the robust quarterly performance, management has maintained its full-year outlook for fiscal 2027. The company expects sales growth to remain within the range of 4% to 6.5%, while providing an EPS guidance target of $11.70 to $12.20.
Tickers: $AIT
Topics: earnings report EBITDA growth EPS growth fiscal year 2027