From RTTNews:

Applied Industrial Technologies Inc. reported second quarter financial results, narrowing adjusted earnings guidance for full-year 2024 and trimming annual sales growth outlook. The company now projects adjusted earnings of $9.35 to $9.70 per share on 1 to 3 percent sales growth, down from previous estimates of $9.25 to $9.80 per share on 1 to 4 percent sales growth. Net income for the quarter was $91.23 million, with net sales increasing 1.6 percent to $1.08 billion. The Board of Directors approved a 6 percent increase in the quarterly cash dividend to $0.37 per common share. For more earnings news, visit rttnews.com.



Read more: Applied Industrial Narrows FY24 Adj. EPS Outlook Range; Q2 Results Top Estimates