The Zacks Manufacturing – General Industrial industry has been grappling with persistent weakness in the manufacturing sector and supply-chain disruptions. Also, rising input costs and a tough labor market create concerns for the industry.However, industry participants’ focus on cost-control measures and investments in product development have been allowing them to stay competitive in the market. Dover Corporation (DOV) , Applied Industrial Technologies, Inc. (AIT) , Generac Holdings Inc. (GNRC) and DXP Ent ...

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Applied Industrial Technologies, Inc. (AIT) recently completed the acquisition of Hydradyne, LLC. The financial terms of the transaction have been kept under wraps.Based in Dallas, TX, Hydradyne provides various products and services, including system design, fabrication, assembly, installation, repair and support for critical stationary and mobile equipment in various industrial and commercial sectors. It employs approximately 500 personnel across 33 locations in the Southeastern United States.Acquisition ...

The Zacks Industrial Products sector faced significant headwinds in 2024, owing to persistent softness in the manufacturing sector, supply-chain disruptions and inflationary pressure. The rising cost of raw materials and shortages of semiconductor, electrical and electronic components heavily affected industrial goods production. The persistence of high inflation in the United States further intensified the problem by increasing operational expenses and reducing profit margins.Per the latest report publishe ...

It has been a remarkable year for stock market investors. The S&P 500 Index has soared almost 27% this year amid a resilient macroeconomic environment and robust corporate earnings. Hence, it might become difficult for retail investors to choose stocks independently and generate solid returns in 2025.To do this, one needs to understand the company fundamentals and try to place them against the current economic background to figure out how the stock may fare as an investment. One way to cut short this task i ...

Applied Industrial Technologies, Inc. (AIT) has inked a deal to acquire Hydradyne, LLC. The financial terms of the transaction have been kept under wraps.Founded in Dallas, TX, Hydradyne specializes in fluid power and motion control systems. The company provides various products and services, including system design, fabrication, assembly, installation, repair and support for critical stationary and mobile equipment in various industrial and commercial sectors. It employs approximately 500 personnel across ...

Applied Industrial Technologies, Inc. (AIT) is well-poised for growth in the coming quarters, courtesy of its improving product line and value-added services. The company's efforts to reward its shareholders handsomely add to its appeal.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 equi ...

Applied Industrial Technologies (NYSE: AIT ) stock is up ~18% since my previous article and has outperformed the S&P 500's ~8.7% gains. The recent interest rate cycle reversal and ending of election-related uncertainties should result in a pickup in end-marketWe focus on GARP (Growth at reasonable Price) opportunities in industrial, consumer, and technology sectors. We are among the top 50 financial experts (Out of ~39,000 tracked) as measured by Tipranks based on the consistency of our stock recommendation ...

Have you evaluated the performance of Applied Industrial Technologies' (AIT) international operations for the quarter ending September 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 the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and gro ...

Applied Industrial Technologies (AIT) reported $1.1 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.3%. EPS of $2.36 for the same period compares to $2.39 a year ago.The reported revenue represents a surprise of +1.20% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $2.24, the EPS surprise was +5.36%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...