We Keep Industry Running Investor Presentation Safe Harbor Statement This presentation contains statements that are forward-looking, as that term is defined by the Securities and Exchange Commission in its rules, regulations and releases. Applied intends that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are often identified by qualifiers such as “believe,” “expect,” “outlook,” “project” “guidance,” “target,” “objectives,” “will” and derivative or ...

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.16%. A quarter ago, it was expected that this industrial products company would post earnings of $2.07 per share when it actually produced earnings of $2.39, delivering a surprise of 15.46%.Over th ...

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2024 second quarter ended December 31, 2023. Net sales for the quarter of $1.1 billion increased 1.6% over the prior year. The change includes a 1.4% increase from acquisitions and a 0.3% increase from foreign currency transl ...

Company Performance - Applied Industrial Technologies (AIT) shares have increased by 2.1% over the past month and reached a new 52-week high of $178.17 [1] - Year-to-date, AIT has gained 2.6%, while the Zacks Industrial Products sector and the Zacks Manufacturing - General Industrial industry have returned 14.6% and 23.2%, respectively [1] Earnings and Revenue - AIT has a strong record of positive earnings surprises, having met or exceeded earnings consensus estimates in the last four quarters [2] - In the latest earnings report on October 26, 2023, AIT reported EPS of $2.39, surpassing the consensus estimate of $2.07, and beat the revenue estimate by 0.37% [2] - For the current fiscal year, AIT is expected to post earnings of $9.43 per share on revenues of $4.54 billion, reflecting a 7.77% change in EPS and a 2.83% change in revenues [2] - For the next fiscal year, earnings are projected to be $9.52 per share on revenues of $4.64 billion, indicating a year-over-year change of 0.95% in EPS and 2.22% in revenues [2] Valuation Metrics - AIT currently trades at 18.8X current fiscal year EPS estimates, below the peer industry average of 20.7X [4] - On a trailing cash flow basis, AIT trades at 17.2X compared to the peer group's average of 13.7X, suggesting it is not in the top echelon from a value perspective [4] - AIT has a Value Score of B, a Growth Score of B, and a Momentum Score of F, resulting in a combined VGM Score of B [3] Zacks Rank - AIT holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, meeting the criteria for investors seeking stocks with strong potential [5] - The recommendation is to select stocks with Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, indicating AIT has room for further growth [5] Industry Comparison - The Manufacturing - General Industrial industry is in the top 29% of all industries, providing favorable conditions for AIT and its peers [7] - Parker-Hannifin Corporation (PH), a peer, also has a Zacks Rank of 2 (Buy) and is expected to post earnings of $23.23 per share on revenues of $19.97 billion for the current fiscal year [6]

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CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2024 second quarter results on Thursday, January 25, 2024, before the market opens. The Company’s fiscal 2024 second quarter ended December 31, 2023. A quarterly conference call will begin at 10 a.m. ET that day to discuss the Company’s financial performance and outlook. A supplemental presentation detailing latest quarter results will be available on the Investor Relations portion of the Comp ...

Fiscal Q1 2024 Recap October 26, 2023 - The Premier Provider of Advanced Motion, Power, Control, & Automation Solutions to Critical Industrial Infrastructure - Safe Harbor Statement ...

Applied Industrial Technologies, Inc. (NYSE:AIT) Q1 2024 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Ryan Cieslak - Director, IR Neil Schrimsher - President & CEO David Wells - CFO Conference Call Participants David Manthey - Baird Chris Dankert - Loop Capital Ken Newman - KeyBanc Capital Markets Operator Greetings, and welcome to the Fiscal 2024 First Quarter Earnings Call for Applied Industrial Technologies. [Operator Instructions] As a reminder, this conference is being rec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended SEPTEMBER 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from ___ to ___ Table of Contents Commission file number 1-2299 APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Oh ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended JUNE 30, 2023 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K OR (Mark One) For the transition period from ___ to ___ Commission file number 1-2299 (Address of Principal Executive Offices) (Zip Code) APPLIED INDUSTRIAL TECHNOLOGIES, INC. (216) 426-4000 Registrant's telephone number, including area code (Exact name of registrant as specified in i ...