Profile
Sector:
IndustrialsIndustry:
Industrial DistributionCountry:
United StatesIPO:
17 March 1980Website:
http://www.applied.comNext earnings report:
24 January 2025Last dividends:
15 November 2024Next dividends:
N/APrice
after hours | 89 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
AIT Latest News
AIT stands to gain from strength in its Service Center Based Distribution segment. The company's measures to reward its shareholders are also encouraging.
AIT's organic growth is expected to accelerate due to pent-up demand, reshoring, automation trends, and a strong acquisition pipeline. Margins should improve from operating leverage, productivity initiatives, and focus on high-margin markets, despite recent headwinds from volume deleverage and higher costs. AIT trades at a discount to peers like W.W. Grainger and Fastenal, with potential for upward estimate revisions and continued valuation re-rating.
Although the revenue and EPS for Applied Industrial Technologies (AIT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
AIT's first-quarter fiscal 2025 results benefit from growth across national accounts and fluid power MRO.
Applied Industrial Technologies, Inc. (NYSE:AIT ) Q1 2025 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Ryan Cieslak - Director of IR, Treasury Neil Schrimsher - President & CEO David Wells - CFO Conference Call Participants David Manthey - Baird Christopher Glynn - Oppenheimer Ken Newman - KeyBanc Brett Linzey - Mizuho Christopher Dankert - Loop Capital Aaron Reed - Northcoast Research Sabrina Abrams - Bank of America Operator Welcome to the Fiscal 2025 First Quarter Earnings Call for Applied Industrial Technologies. My name is Angela, and I will be your operator for today's call.
Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.36 per share, beating the Zacks Consensus Estimate of $2.24 per share. This compares to earnings of $2.39 per share a year ago.
Applied Industrial Technologies (AIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
APO, AIT and BZH have been added to the Zacks Rank #24 (Strong Sell) List on September 24, 2024.
AIT benefits from strength in its businesses and accretive acquisitions. However, weakness in the OEM channel remains a concern.
Examine Applied Industrial Technologies' (AIT) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
What type of business is Applied Industrial Technologies?
Applied Industrial Technologies, Inc. is one of the leading companies providing solutions in the field of industrial motion, energy, and control technologies in the United States and abroad. The company was founded in 1923 and is based in Cleveland, Ohio. The company operates in two segments: The service center-based distribution segment provides industrial bearings, motors, belts, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration accessories, hoses, and other related materials. The fluid power and flow control segment includes operations specializing in the distribution, design, integration, and repair of hydraulic and pneumatic technologies, as well as products and services for flow control.
What sector is Applied Industrial Technologies in?
Applied Industrial Technologies is in the Industrials sector
What industry is Applied Industrial Technologies in?
Applied Industrial Technologies is in the Industrial Distribution industry
What country is Applied Industrial Technologies from?
Applied Industrial Technologies is headquartered in United States
When did Applied Industrial Technologies go public?
Applied Industrial Technologies initial public offering (IPO) was on 17 March 1980
What is Applied Industrial Technologies website?
https://www.applied.com
Is Applied Industrial Technologies in the S&P 500?
No, Applied Industrial Technologies is not included in the S&P 500 index
Is Applied Industrial Technologies in the NASDAQ 100?
No, Applied Industrial Technologies is not included in the NASDAQ 100 index
Is Applied Industrial Technologies in the Dow Jones?
No, Applied Industrial Technologies is not included in the Dow Jones index
When was Applied Industrial Technologies the previous earnings report?
No data
When does Applied Industrial Technologies earnings report?
The next expected earnings date for Applied Industrial Technologies is 24 January 2025