09:17 AM EDT, 05/01/2025 (MT Newswires) -- Applied Industrial Technologies ( AIT ) reported fiscal Q3 earnings Thursday of $2.57 per diluted share, up from $2.48 a year earlier.

Four analysts surveyed by FactSet expected $2.40.

Revenue for the quarter ended March 31 was $1.17 billion, up from $1.15 billion a year earlier.

Analysts surveyed by FactSet expected $1.17 billion.

For fiscal 2025, the company revised its earnings outlook to now be between $9.85 and $10 from its previous outlook of between $9.65 and $10.05.

Analysts polled by FactSet expect $9.93.

Shares of the company were down more than 2% in recent premarket activity Thursday.

Price: 236.75, Change: -6.53, Percent Change: -2.68