Benzinga | Jan 27, 2022 06:38AM EST

Applied Industrial Tech Q2 EPS $1.46 Beats $1.08 Estimate, Sales $876.90M Beat $850.87M Estimate

Applied Industrial Tech (NYSE:AIT) reported quarterly earnings of $1.46 per share which beat the analyst consensus estimate of $1.08 by 35.19 percent. This is a 48.98 percent increase over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $876.90 million which beat the analyst consensus estimate of $850.87 million by 3.06 percent. This is a 16.72 percent increase over sales of $751.29 million the same period last year.