Applied Industrial Q4 net sales $1.2B (+9.1% YoY); net income $92.2M; FY2024 EPS guidance $8.80-$9.55

APPLIED INDUSTRIAL TECHNOLOGIES INC

2023-FY EPS reported $8.84 revenue$4,412,794,000

Q4 net sales $1.2B (+9.1% YoY, organic +8.6%); net income $92.2M ($2.35 EPS).
Full-year FY2023 net sales $4.4B (+15.8% YoY); net income $346.7M ($8.84 EPS); adjusted EPS $8.75.
FY2024 EPS guidance $8.80-$9.55 on 0-4% sales growth; EBITDA margin 11.9%-12.1%.
Updated intermediate targets: sales over $5.5B and EBITDA margins over 13% within next five years.
LIFO expense Q4 $8.1M ($0.15 after tax); FY LIFO expense $34.2M ($0.66 after tax).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $1.2 billion, net income $92.2 million, EPS $2.35 per share. Guidance initiated.

Period: fiscal 2023 fourth quarter ended June 30, 2023
Revenue: $1.2 billion
Net income: $92.2 million
EPS: $2.35 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Applied Industrial Technologies Reports Fiscal 2023 Fourth Quarter and Full-Year Results • Fourth Quarter Net Sales of $1.2 Billion Up 9.1% YoY; Up 8.6% on an Organic Basis • Fourth Quarter Net Income of $92.2 Million, or $2.35 Per Share Up 16.1% YoY

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal year ended June 30, 2023 results: revenue $4.4 billion, net income $346.7 million, EPS $8.84 per share. Guidance initiated.

Period: fiscal year ended June 30, 2023
Revenue: $4.4 billion
Net income: $346.7 million
EPS: $8.84 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Full-Year Net Sales of $4.4 Billion Up 15.8% YoY; Up 15.7% on an Organic Basis • Full-Year Net Income of $346.7 Million, or $8.84 Per Share

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Source: SEC EDGAR

accession 0000109563-23-000060

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