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Applied Industrial Technologies (AIT) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2025-02-20 15:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What ...
5 stocks Congress is buying in 2025
Finbold· 2025-02-20 14:58
Core Insights - The article highlights the top 5 stocks that US Congress members are investing in for 2025, providing insights into their investment strategies and market confidence [1][3]. Group 1: Top Stocks - Applied Industrial Technologies Inc. (NASDAQ: AIT) is a significant holding for Senator Markwayne Mullin, with over $1.6 million in trades disclosed in January. AIT shares increased by 8.98% in January and 43% over the past year, despite a slight 0.4% year-over-year decline in Q2 2025 sales. Net income rose by 6.7% to $93.3 million, with long-term returns up 288% over five years [5]. - Goldman Sachs (NYSE: GS) has seen a 17% increase since Representative Josh Gottheimer's purchase on December 30, 2024. In Q4 2024, Goldman reported $13.87 billion in revenue and $4.11 billion in net earnings, benefiting from strong performance in asset management and advisory services [6]. - Tempus AI Inc. (NASDAQ: TEM) experienced a 132.11% surge in share price following Representative Nancy Pelosi's purchase of 50 call options. The stock is up 27% year-to-date, driven by the launch of its AI-powered health concierge app [7]. - Credo Technology Group (NASDAQ: CRDO) saw its shares rise nearly 60% in the past year, supported by a 22% year-over-year revenue increase and an 18% rise in net income in Q4 2024, reflecting strong demand for cloud and AI-driven networking [9]. - Palo Alto Networks (NASDAQ: PANW) has attracted significant congressional investment, with purchases totaling at least $1.6 million. In Q2 2025, the company reported a 14% year-over-year revenue increase to $2.3 billion, with annual recurring revenue growing by 37% to $4.8 billion [10][11].
Applied Industrial Technologies (AIT) International Revenue Performance Explored
ZACKS· 2025-02-10 15:21
Have you assessed how the international operations of Applied Industrial Technologies (AIT) performed in the quarter ended December 2024? For this industrial products company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and ...
23 Upcoming Dividend Increases, Including 2 Kings
Seeking Alpha· 2025-02-07 15:18
Derek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds a Bachelor's degree in Computer Science with a minor in Economics from the University of Delaware and lives with his wife and two children.Derek created and operates customstockalerts.com. It's a suite of utilities for investors to stay on top of all the ...
4 Stocks to Buy as Manufacturing Activity Makes Roaring Rebound
ZACKS· 2025-02-04 14:26
The U.S. manufacturing sector is finally showing signs of recovery as activity grew for the first time in more than two years. Continued price pressures over the past couple of years saw demand shrinking, weighing on overall manufacturing activity.However, a sharp decline in inflation followed by the Fed’s rate cuts has eased price pressures to a great extent, boosting demand. Also, Donald Trump’s return to the White House has raised optimism surrounding the economy.Given the positive sentiment, it would be ...
Is Applied Industrial Technologies (AIT) Stock Outpacing Its Industrial Products Peers This Year?
ZACKS· 2025-02-03 15:46
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Applied Industrial Technologies (AIT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Applied Industrial Technologies is a member of our Industrial Products group, which includes 201 different companies and currently sits at #12 in the Zacks Sector Ran ...
Applied Industrial Technologies (AIT) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-01-30 15:36
For the quarter ended December 2024, Applied Industrial Technologies (AIT) reported revenue of $1.07 billion, down 0.4% over the same period last year. EPS came in at $2.39, compared to $2.24 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.08 billion, representing a surprise of -0.53%. The company delivered an EPS surprise of +7.66%, with the consensus EPS estimate being $2.22.While investors scrutinize revenue and earnings changes year-over-year and how they comp ...
Applied Industrial Technologies(AIT) - 2025 Q2 - Quarterly Report
2025-01-29 21:09
Financial Performance - Net sales for the three months ended December 31, 2024, were $1,073,001, a slight decrease of 0.02% compared to $1,077,153 in the same period of 2023[11]. - Gross profit increased to $328,050 for the three months ended December 31, 2024, representing a 3.1% increase from $317,090 in 2023[11]. - Operating income for the six months ended December 31, 2024, was $234,042, a decrease of 0.5% compared to $235,274 in 2023[11]. - Net income for the three months ended December 31, 2024, was $93,290, up 2.3% from $91,228 in 2023[11]. - Net income for the six months ended December 31, 2024, was $185,353 thousand, compared to $185,054 thousand for the same period in 2023, reflecting a slight increase of 0.2%[29]. - Net income for the six months ended December 31, 2024, was $189,609, slightly up from $186,067 in 2023, representing an increase of 1.4%[47]. - The company reported a comprehensive loss of $19,326 thousand for the six months ended December 31, 2024, compared to a comprehensive loss of $7,074 thousand for the same period in 2023[29]. - The company reported a comprehensive income of $73,964 for the three months ended December 31, 2024, compared to $93,952 in 2023, indicating a decrease of 21.3%[13]. Assets and Liabilities - Total assets increased to $3,044,641 as of December 31, 2024, compared to $2,951,910 as of June 30, 2024, reflecting a growth of 3.1%[16]. - Total liabilities decreased slightly to $1,251,129 as of December 31, 2024, from $1,263,129 as of June 30, 2024[16]. - The company’s retained earnings increased to $2,292,902 as of December 31, 2024, compared to $2,121,838 as of June 30, 2024, indicating a growth of 8.1%[16]. - Total shareholders' equity increased to $1,793,512 thousand as of December 31, 2024, up from $1,688,781 thousand as of June 30, 2024, representing an increase of approximately 6.2%[29]. - Total debt as of December 31, 2024, was $572,300, down from $597,405 as of June 30, 2024[59]. Cash Flow and Investments - Cash and cash equivalents decreased to $303,441 as of December 31, 2024, down from $460,617 as of June 30, 2024[16]. - The company reported a net cash provided by operating activities of $222,884 for the six months ended December 31, 2024, compared to $167,967 in 2023, an increase of 32.6%[20]. - Cash used in investing activities increased significantly to $283.0 million, primarily due to acquisitions, compared to $30.8 million in the prior year[124]. - The Company repurchased 127,376 shares of common stock for $30.0 million during the six months ended December 31, 2024, compared to $10.7 million for 62,947 shares in the prior year[125]. Acquisitions - The company made acquisitions totaling $273,142 during the six months ended December 31, 2024, compared to $21,440 in the same period of 2023[20]. - The acquisition of Hydradyne, completed on December 31, 2024, was valued at $276,091 and is expected to enhance the Engineered Solutions segment[43]. - The Company acquired Total Machine Solutions for $6,500, with net tangible assets of $1,024 and identifiable intangible assets of $2,738, resulting in goodwill of $2,738[48]. - The acquisition of Stanley Proctor was completed for $3,924, with net tangible assets of $498 and identifiable intangible assets of $1,725, leading to goodwill of $1,701[49]. - Grupo Kopar was acquired for $61,225, with net liabilities of $2,870 and total intangible assets including goodwill of $64,095[50]. - Bearing Distributors, Inc. was acquired for $17,926, with net tangible assets of $4,102 and intangible assets including goodwill of $13,824[51]. - Cangro Industries, Inc. was acquired for $6,219, with net tangible assets of $2,070 and intangible assets including goodwill of $4,149[53]. Revenue and Sales - Total revenue for the three months ended December 31, 2024, was $1,073,001, a slight decrease of 0.2% compared to $1,077,153 in the same period of 2023[37]. - For the six months ended December 31, 2024, total revenue was $2,171,945, remaining relatively stable compared to $2,172,341 in 2023[38]. - The United States contributed $929,549 to total revenue in Q2 2024, down from $944,652 in Q2 2023, reflecting a decrease of 1.6%[37]. - The Fluid Power segment represented 20.0% of total revenue for the three months ended December 31, 2024, consistent with the previous year[38]. - General Industry accounted for 35.4% of total revenue in Q2 2024, compared to 36.0% in Q2 2023, showing a shift in revenue distribution[38]. Expenses and Margins - Selling, distribution, and administrative expenses (SD&A) increased by $4.7 million or 2.3%, with SD&A as a percentage of sales rising to 19.3%[97]. - Operating income increased by $6.3 million or 5.5%, with operating income as a percentage of sales rising to 11.3% from 10.6%[98]. - The gross profit margin improved to 30.6% for the quarter ended December 31, 2024, compared to 29.4% in the prior year[88]. - The company incurred $1,473 in third-party costs related to the Hydradyne acquisition during the six months ended December 31, 2024[43]. Accounting and Compliance - The company is currently evaluating the impacts of recently issued accounting guidance on its financial statements and related disclosures, which may affect future reporting[32]. - The company expects that the new accounting standards will not have a material impact on its consolidated financial statements but will enhance disclosures[33]. - The effective income tax rate increased to 22.3% for the six months ended December 31, 2024, compared to 21.1% for the same period in 2023, with an expected full-year tax rate for fiscal 2025 in the range of 23.0% to 24.0%[118].
Applied Industrial Q2 Earnings Beat Estimates, Revenues Miss
ZACKS· 2025-01-29 17:05
Applied Industrial Technologies (AIT) reported second-quarter fiscal 2025 (ended Dec. 31, 2024) earnings of $2.39 per share, which surpassed the Zacks Consensus Estimate of $2.22. The bottom line increased 6.7% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Net revenues of $1.07 billion missed the consensus estimate of $1.08 billion. The top line inched down 0.4% year over year. Acquisitions boosted the top line by 1.9% while foreign-currency translation had a negati ...
Applied Industrial Technologies(AIT) - 2025 Q2 - Earnings Call Presentation
2025-01-29 15:09
Fiscal Q2 2025 Recap January 29, 2025 - The Premier Provider of Advanced Motion, Power, Control, & Automation Solutions to Critical Industrial Infrastructure - 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 qualifie ...