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 DECEMBER 31, 2023 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 (Stat ...

Applied Industrial Technologies (AIT) reported second-quarter fiscal 2024 (ended Dec 31, 2023) earnings of $2.24 per share, which surpassed the Zacks Consensus Estimate of $2.11. The bottom line jumped 9.3% year over year.Net sales of $1,077.2 million outperformed the consensus estimate of $1,061 million. The top line inched up 1.6% year over year. Acquisitions boosted the top line by 1.4%, while foreign-currency translation had a positive impact of 0.3%. However, organic sales decreased 0.1% year over year ...

Applied Industrial Technologies, Inc. (NYSE:AIT) Q2 2024 Earnings Conference Call January 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 Chris Dankert – Loop Capital Ken Newman – KeyBanc Operator Welcome to the Fiscal 2024 Second Quarter Earnings Call for Applied Industrial Technologies. My name is Rob and I'll be y ...

We Keep Industry Running Investor Presentation 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 qualifiers such as “believe,” “expect,” “outlook,” “project” “guidance,” “target,” “objectives,” “will” and derivative or ...

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.16%. A quarter ago, it was expected that this industrial products company would post earnings of $2.07 per share when it actually produced earnings of $2.39, delivering a surprise of 15.46%.Over th ...

CLEVELAND--(BUSINESS WIRE)--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 second quarter ended December 31, 2023. Net sales for the quarter of $1.1 billion increased 1.6% over the prior year. The change includes a 1.4% increase from acquisitions and a 0.3% increase from foreign currency transl ...

Have you been paying attention to shares of Applied Industrial Technologies (AIT) ? Shares have been on the move with the stock up 2.1% over the past month. The stock hit a new 52-week high of $178.17 in the previous session. Applied Industrial Technologies has gained 2.6% since the start of the year compared to the 14.6% move for the Zacks Industrial Products sector and the 23.2% return for the Zacks Manufacturing - General Industrial industry.What's Driving the Outperformance?The stock has a great record ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

CLEVELAND--(BUSINESS WIRE)--Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2024 second quarter results on Thursday, January 25, 2024, before the market opens. The Company’s fiscal 2024 second quarter ended December 31, 2023. A quarterly conference call will begin at 10 a.m. ET that day to discuss the Company’s financial performance and outlook. A supplemental presentation detailing latest quarter results will be available on the Investor Relations portion of the Comp ...

Fiscal Q1 2024 Recap October 26, 2023 - The Premier Provider of Advanced Motion, Power, Control, & Automation Solutions to Critical Industrial Infrastructure - Safe Harbor Statement ...