CLEVELAND (AP) — CLEVELAND (AP) — Applied Industrial Technologies Inc. (AIT) on Tuesday reported fiscal second-quarter earnings of $95.3 million.
On a per-share basis, the Cleveland-based company said it had net income of $2.51.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.
The industrial products company posted revenue of $1.16 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.17 billion.
Applied Industrial Technologies expects full-year earnings in the range of $10.45 to $10.75 per share.
Applied Industrial Technologies shares have risen almost 10% since the beginning of the year. The stock has increased 8% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIT at https://www.zacks.com/ap/AIT
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
