Applied Industrial Q1 Earnings Beat, Revenues Increase Y/Y

Applied Industrial Technologies (AIT) reported first-quarter fiscal 2025 (ended Sept. 30, 2024) earnings of $2.36 per share, which surpassed the Zacks Consensus Estimate of$2.24. However, the bottom line declined 1.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net revenues of $1.10 billion beat the consensus estimate of$1.09 billion. The top line inched up 0.3% year over year. Acquisitions boosted the top line by 2%, while foreign-currency translation had a neg ...