06:58 AM EST, 01/29/2025 (MT Newswires) -- Applied Industrial Technologies ( AIT ) reported fiscal Q2 net income Wednesday of $2.39 per diluted share, down from $2.32 a year earlier.

Analysts polled by FactSet expected $2.21.

Revenue for the quarter ended Dec. 31 was $1.07 billion down from $1.08 billion a year earlier.

Analysts surveyed by FactSet expected $1.08 billion.

For fiscal 2025, the company now expects diluted EPS of $9.65 to $10.05 on sales growth of 1% to 3%, compared with previous guidance of $9.25 to $10.00 on sales in a range of negative 2.5% to 2.5%. Analysts surveyed by FactSet expect EPS of $9.73 on revenue of $4.48 billion.