earnings
confidence high
sentiment positive
materiality 0.85
Applied Industrial Q2 EPS $1.46, sales $876.9M; raises FY2022 guidance
APPLIED INDUSTRIAL TECHNOLOGIES INC
2022-Q2 EPS reported
$2.81
revenue$1,768,555,000
- Net sales up 16.7% YoY to $876.9M; organic daily sales +16.4%.
- Net income $57.0M ($1.46 EPS); EBITDA $92.6M, up ~36% YoY.
- Quarterly dividend increased to $0.34/share (+13th increase since 2010).
- FY2022 guidance raised: EPS $5.70–$5.90, sales growth 11.5%–12.5%, EBITDA margins 10.1%–10.3%.
- Repurchased 35,000 shares for $3.5M during quarter; 353,000 shares remaining under authorization.