Applied Industrial Technologies Inc Q1 FY2022 Earnings Call

Applied Industrial Technologies Inc (AIT)

Earnings Call FY2022 Q1 Call date: 2021-10-27 Concluded

Quarter scorecard

Revenue

$891.68M

+19.2% YoY

Diluted EPS

$1.36

+52.8% YoY

Gross margin

28.6%

-0.3 pp YoY

Net income

$52.97M

+52.3% YoY

Service Center Based Distribution Segment $600.87M

+17.1%

Engineered Solutions Segment $290.81M