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Applied Industrial Technologies Expects FY24 EPS of $9.25-$9.80 (Prior $8.80-$9.55) Vs. $9.19 Est, Sales Growth of 1%-4% (Prior 0%-4%) Vs. $4.53B Est

Author: Benzinga Newsdesk | October 26, 2023 06:37am

Fiscal 2024 Guidance

For fiscal 2024, the Company now projects EPS of $9.25 to $9.80 (prior $8.80 to $9.55), sales growth of 1% to 4% (prior 0% to 4%) including 0% to 3% on an organic daily basis, and EBITDA margins of 12.0% to 12.3% (prior 11.9% to 12.1%). Guidance incorporates current economic uncertainty and assumptions of easing end-market demand near term, as well as ongoing inflationary and supply chain headwinds. Guidance does not assume contribution from future acquisitions.

Posted In: AIT


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