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 ...

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 ...

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 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 ...

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 ...

EXHIBIT 99.1 Applied Industrial Technologies Reports Fiscal 2025 Second Quarter Results CLEVELAND, OHIO (January 29, 2025) – 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 2025 second quarter ended December 31, 2024. Net sales for the quarter of $1.1 billion decreased 0.4% over the prior year. The c ...

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.39 per share, beating the Zacks Consensus Estimate of $2.22 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.66%. A quarter ago, it was expected that this industrial products company would post earnings of $2.24 per share when it actually produced earnings of $2.36, delivering a surprise of 5.36%.Over the ...

Applied Industrial Technologies (AIT) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on January 29, 2025, might help the stock move higher if these key numb ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Applied Industrial Technologies, Inc. (AIT) is well-poised to benefit from strength across its business, acquisitions, focus on improving the product line and operational excellence. The company remains focused on investing in growth opportunities and solidifying its long-term market position.AIT has a market capitalization of $9.4 billion and currently carries a Zacks Rank #2 (Buy). Let’s delve into the factors that have been aiding the firm for a while now.Business Strength: Applied Industrial is poised f ...