Applied Industrial Introduces FY24 EPS Guidance Of $8.80-$9.55, Vs $8.65 Consensus; Projects EBITDA Margins Of 11.9%-12.1%.
Portfolio Pulse from Benzinga Newsdesk
Applied Industrial Technologies, Inc. (NYSE:AIT) has introduced its FY24 EPS guidance of $8.80-$9.55, which is higher than the consensus of $8.65. The company projects EBITDA margins of 11.9%-12.1% and expects sales growth of 0% to 4% on a Y/Y basis.
August 10, 2023 | 10:39 am
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Applied Industrial's FY24 EPS guidance is higher than the consensus, which could lead to positive investor sentiment. The projected EBITDA margins and sales growth also indicate a stable financial outlook.
The company's EPS guidance for FY24 is higher than the consensus, which could lead to positive investor sentiment and potentially drive the stock price up in the short term. The projected EBITDA margins and sales growth also indicate a stable financial outlook, which could further boost investor confidence.
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