earnings
confidence high
sentiment positive
materiality 0.75
Applied Industrial Q4 sales $1.1B, EPS $2.02; FY2023 guidance: EPS $6.65-$7.30
APPLIED INDUSTRIAL TECHNOLOGIES INC
2022-FY EPS reported
$6.58
revenue$3,810,676,000
- Q4 net sales $1.1B, +18.5% YoY; organic +18.7%. Net income $79.1M, EPS $2.02 (+34.4% YoY).
- FY2022 net sales $3.8B (+17.8% YoY), net income $257.4M, EPS $6.58 (+38.8% YoY adjusted).
- FY2023 guidance: sales growth 3-7%, EPS $6.65-$7.30, EBITDA margins 10.8-11.1%.
- Board authorized new 1.5M share repurchase program, replacing prior plan.
- CEO notes mid-teens organic sales growth early FY2023; no signs of slowing.