The Zacks Manufacturing – General Industrial industry is poised for growth on the back of the recovery in domestic and export orders for industrial products and the surge in the e-commerce business. Efforts to digitalize business operations have been enhancing the industry players' competitiveness.Strength in end markets, along with improvement in the supply chain, is expected to foster the industry’s growth. Industry players bank on frequent innovation investments to stay competitive in the market. Ingerso ...

Applied Industrial Technologies (AIT) reported third-quarter fiscal 2024 (ended Mar 31, 2024) earnings of $2.48 per share, which surpassed the Zacks Consensus Estimate of $2.40. The bottom line jumped 4.2% year over year.Net revenues of $1,146 million underperformed the consensus estimate of $1.148 million. The top line inched up 1.3% year over year. Acquisitions boosted the top line by 1.2% while foreign-currency translation had a positive impact of 0.2%. Organic sales increased 0.7% year over year. Howeve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended MARCH 31, 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 3 ...

Applied Industrial Technologies, Inc. (NYSE:AIT) Q3 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Ryan Cieslak – Director-Investor Relations and Treasury Neil Schrimsher – President and Chief Executive Officer Dave Wells – Chief Financial Officer Conference Call Participants David Manthey – Baird Christopher Glynn - Oppenheimer Ken Newman – KeyBanc Chris Dankert – Loop Capital Aaron Reed - Northcoast Research Operator Welcome to the Fiscal 2024 Third Quarter Earnings Call for ...

The U.S. manufacturing sector is making a rebound after months of slowdown in activity. Easing price pressures is boosting demand, which is driving orders at U.S. factories and leading to higher production.The Commerce Department said on Apr 24 that orders for U.S. manufactured goods made to last more than three years rose 2.6% in March, slightly above the consensus estimate of a rise of 2.5%.However, durable goods orders for February were revised down from 1.4% to 0.7%, indicating that although manufacturi ...

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this industrial products company would post earnings of $2.11 per share when it actually produced earnings of $2.24, delivering a surprise of 6.16%.Over the ...

EXHIBIT 99.1 Applied Industrial Technologies Reports Fiscal 2024 Third Quarter Results and Announces Strategic Automation Acquisition • Net Sales of $1.1 Billion Up 1.3% YoY; Up 0.7% on an Organic Daily Basis • Net Income of $97.2 Million, or $2.48 Per Share; EBITDA of $135.7 Million • Operating Cash Flow of $84.2 Million; Free Cash Flow of $76.7 Million • Signed Definitive Agreement to Acquire Grupo Kopar, Expanding Automation Platform • Updating Fiscal 2024 Guidance CLEVELAND, OHIO (April 25, 2024) – Appl ...

Investors are always looking for stocks that are poised to beat at earnings season and Applied Industrial Technologies, Inc (AIT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Applied Industrial Technologies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date i ...

We are in the first busy week of the first-quarter 2024 earnings season, and results are so far in line with expectations. Several industrial product companies are gearing up for their earnings releases next week, and some are set to beat. These companies currently carry a favorable Zacks Rank. The combination of a favorable Zacks Rank and an earnings beat should drive their stock prices in the near term.Industrial Product in Q1 at a GlanceIndustrial production declined 1.8% year over year in the first quar ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...