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 ...

EXHIBIT 99.1 Financial Release For Immediate Release Applied Industrial Technologies Reports Fiscal 2024 Fourth Quarter and Full-Year Results; Issues Guidance for Fiscal 2025 CLEVELAND, OHIO (August 15, 2024)) – 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 fourth quarter and full year ended Ju ...

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.52 per share. This compares to earnings of $2.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this industrial products company would post earnings of $2.40 per share when it actually produced earnings of $2.48, delivering a surprise of 3.33%.Over the ...

Applied Industrial Technologies, Inc. (AIT) is scheduled to release fourth-quarter fiscal 2024 (ended June 2024) results on Aug 15, before market open.The Zacks Consensus Estimate for fiscal fourth-quarter earnings has been unchanged in the past 60 days. The company has an impressive earnings surprise history, having beat the consensus estimate in each of the preceding four quarters, the average surprise being 8.2%.The consensus estimate for revenues is pegged at $1.19 billion, indicating an increase of 2.5 ...

Analysts on Wall Street project that Applied Industrial Technologies (AIT) will announce quarterly earnings of $2.52 per share in its forthcoming report, representing an increase of 7.2% year over year. Revenues are projected to reach $1.19 billion, increasing 2.5% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projectio ...

Applied Industrial Technologies (AIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sinc ...

The Zacks Manufacturing – General Industrial industry is poised to benefit from improving supply chains, resulting in easier availability of raw materials and faster deliveries. Despite a slowdown in manufacturing activities, strength across prominent end markets should help the industry stay afloat.Investments in product development and technological advancements, and focus on expanding operations through strategic acquisitions are expected to boost the industry’s growth. Ingersoll Rand Inc. (IR) , Dover C ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June13th:Kirin (KNBWY) : This company which is engaged in the manufacture and sale of alcohol beverages and soft drinks, and an increasingly strong presence in advanced research and technology, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.Kirin’s shares gained 0.5% over the last three month compared with th ...

The U.S. manufacturing sector is yet to recover fully from its prolonged contraction. The Institute of Supply Management (ISM) reported that the manufacturing purchasing managers’ index (PMI) came in at 48.7% in May compared with 49.2% in April. Any reading below 50% indicates a contraction in manufacturing activities.Notably, the ISM manufacturing PMI has been in contraction territory since October 2022 barring March this year. Surprisingly, S&P Global reported that flash U.S. Manufacturing PMI came in at ...

Washington DC, June 06, 2024 (GLOBE NEWSWIRE) -- Research Frontiers Inc. (Nasdaq: REFR), the inventor and licensor of patented SPD-Smart film light-control technology, and AIT Group, a fully-integrated premier manufacturer of advanced functional glass solutions, and licensee of Research Frontiers’ technology, announced today the introduction of a breakthrough retrofittable SPD-SmartGlass window. Introducing the Thermolite RetroWAL SPD system! This innovative product will be unveiled for the first time at th ...