Wall Street expects a year-over-year decline in earnings on lower revenues when Applied Industrial Technologies (AIT) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key number ...

Applied Industrial Technologies, Inc.’s (AIT) financial stability is challenged by weakness in the Engineered Solutions segment. Elevated labor costs are further putting a strain on the bottom line.Applied Industrial is a distributor of value-added industrial products, including engineered fluid power components, bearings, specialty flow control solutions, power transmission products and miscellaneous industrial supplies. These products are mainly sold to original equipment manufacturers (OEMs) and maintena ...

Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today:Apollo Global Management, Inc. (APO) is a private equity firm. The Zacks Consensus Estimate for its current year earnings has been 6.3% downward over the last 60 days.Applied Industrial Technologies, Inc. (AIT) is a distributor of industrial motion, power, control, and automation technology solutions. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 60 days.Beazer Homes USA, Inc. ...

Applied Industrial Technologies, Inc. (AIT) is benefiting from strength across its served markets of food and beverage, lumber and wood, mining, pulp and paper, energy, utilities and refining. The strong position in these markets, sales initiatives and focus on national customer accounts are driving the Service Center Based Distribution segment. The increase in demand for fluid power MRO services across the U.S. manufacturing sector, driven by growing digitization and higher investment in maintenance operat ...

Have you evaluated the performance of Applied Industrial Technologies' (AIT) international operations for the quarter ending June 2024? Given the extensive global presence of this industrial products company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and ...

Investors with an interest in Manufacturing - General Industrial stocks have likely encountered both Applied Industrial Technologies (AIT) and Epiroc Aktiebolag Unsponsored ADR (EPOKY) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The ...

Applied Industrial Technologies (AIT) reported fourth-quarter fiscal 2024 (ended Jun 30, 2024) earnings of $2.64 per share, which surpassed the Zacks Consensus Estimate of $2.52. The bottom line jumped 12.3% year over year.Net revenues of $1.16 billion lagged the consensus estimate of $1.19 billion. However, the top line inched up 0.2% year over year. Acquisitions boosted the top line by 1.5% while foreign-currency translation had a negative impact of 0.1%. Organic sales decreased 2% year over year. Selling ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number 1-2299 APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Ohio 34-0117420 ...

Luis Alvarez Shares of Applied Industrial Technologies, Inc. (NYSE:AIT) have been on fire recently. Since the outbreak of the pandemic, shares have tripled amidst strong operating performance. The company just ended its fiscal year 2024, and while sales trends are dismal, margins came in at historical highs. With the company guiding for flattish revenues and earnings in 2025, this is nothing much to look forward to. This makes me cautious as the market is still attaching a small premium to the shares, and w ...

Applied Industrial Technologies, Inc. (NYSE:AIT) Q4 2024 Results Conference Call August 15, 2024 10:00 AM ET Company Participants Ryan Cieslak - Director of IR, Treasury Neil Schrimsher - President and CEO Dave Wells - CFO Conference Call Participants Kenneth Newman - KeyBanc Chris Dankert - Loop Capital Operator Ladies and gentlemen, welcome to the fiscal 2024 Fourth Quarter Earnings Call for Applied Industrial Technologies. My name is Abby, and I'll be your operator for today's call [Operator Instructions ...