💨 Abstract

Applied Industrial Technologies Inc. (AIT) reported fiscal fourth-quarter earnings of $107.8 million, or $2.80 per share, surpassing Wall Street expectations. Revenue for the quarter was $1.22 billion, also exceeding forecasts. For the full year, AIT reported a profit of $393 million, or $10.12 per share, with revenue of $4.56 billion.

Courtesy: WTOP Staff