The Service Center unit is performing well due to higher demand in the semiconductor industry, which is a positive sign for AIT. Additionally, the company's policies that benefit shareholders are encouraging.
Applied Industrial Technologies (AIT) is showing a hammer chart pattern, which suggests that the stock has found support after a recent decline. Additionally, the increase in earnings estimate revisions may indicate a potential trend reversal for the stock soon.
The stock trading actions of US Congress members are still in the spotlight, as the STOCK Act reveals their investment choices. In this article, we highlight the top 5 stocks that Congress is purchasing in 2025.
Companies such as AIT, GHM, AZZ, and ENS are expected to gain from the increase in manufacturing activity.
This is a comparison of how Applied Industrial Technologies (AIT) and Core & Main (CNM) have done in relation to their industry during this year.
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Applied Industrial Technologies, Inc. (NYSE:AIT) will hold its Q2 2025 Earnings Conference Call on January 29, 2025, at 10:00 AM ET. The call will feature company representatives including Ryan Cieslak, Neil Schrimsher, and Dave Wells, along with participants from various financial institutions. The operator, Liz, will guide the call.
CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a top distributor and provider of technical solutions for industrial motion, fluid power, flow control, automation technologies, and maintenance supplies, has announced its financial results for the second quarter of fiscal 2025, which ended on December 31, 2024. The company's net sales for the quarter reached $1.1 billion, showing a slight decrease of 0.4% compared to the previous year. This change includes a 1.9% increase from acquisitions and a 1.6% boost from an additional sales day.
In the second quarter of fiscal 2025, AIT's revenues decreased by 0.4% compared to the same period last year, mainly because the Service Center-Based Distribution segment did not perform well.
Applied Industrial Technologies (AIT) lacks the right mix of two important factors that could lead to a positive earnings surprise in its next report. Be ready for the main expectations.