Applied Industrial Technologies Inc Q3 FY2022 Earnings Call

Applied Industrial Technologies Inc (AIT)

Earnings Call FY2022 Q3 Call date: 2022-04-28 Concluded

Quarter scorecard

Revenue

$980.66M

+16.6% YoY

Diluted EPS

$1.75

+23.2% YoY

Gross margin

29.3%

-0.1 pp YoY

Net income

$68.31M

+21.8% YoY

Service Center Based Distribution Segment $659.00M

+15%

Engineered Solutions Segment $321.66M