Applied Industrial Technologies (AIT) reported fiscal Q2 net income Wednesday of $2.39 per diluted share, down from $2.32 a year earlier.
Analysts polled by FactSet expected $2.21.
Revenue for the quarter ended Dec. 31 was $1.07 billion down from $1.08 billion a year earlier.
Analysts surveyed by FactSet expected $1.08 billion.
For fiscal 2025, the company now expects diluted EPS of $9.65 to $10.05 on sales growth of 1% to 3%, compared with previous guidance of $9.25 to $10.00 on sales in a range of negative 2.5% to 2.5%. Analysts surveyed by FactSet expect EPS of $9.73 on revenue of $4.48 billion.
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