Applied Industrial Technologies Q1 2023 Earnings Presentation

Applied Industrial Technologies reported first quarter 2023 results with EPS of $0.52, representing 10.4% growth driven by 9.1% daily sales growth and improved expense control. The company highlighted progress in digital transformation, supply chain security, and productivity enhancements for customers. Operating costs improved to 24.6% of sales and operating cash flow increased 68.9% year-over-year.