Applied Industrial Technologies Q4 2022 Earnings Report
Key Takeaways
Applied Industrial Technologies reported strong Q4 2022 results, with net sales increasing by 18.5% to $1.1 billion. Net income reached $79.1 million, with EPS of $2.02, up 34.4% year-over-year. The company's performance was driven by organic growth, gross margin execution, and solid operating leverage.
Net sales increased 18.5% year-over-year to $1.1 billion, with an 18.7% increase on an organic basis.
Net income was $79.1 million, with EPS of $2.02, up 34.4% year-over-year.
EBITDA increased 26.5% year-over-year to $120.0 million.
The company introduced fiscal 2023 EPS guidance in the range of $6.65 to $7.30 based on sales growth of 3% to 7% and EBITDA margins of 10.8% to 11.1%.
Applied Industrial Technologies
Applied Industrial Technologies
Forward Guidance
The company is introducing fiscal 2023 EPS guidance in the range of $6.65 to $7.30 based on sales growth of 3% to 7% and EBITDA margins of 10.8% to 11.1%.