Applied Industrial Technologies shares have tripled recently, backed up by a strong operating performance and historically high margins. The company is a distribution powerhouse, providing industrial motion, power, control, and automation technologies with a focus on customer service. Despite solid growth and earnings, recent sales trends are dismal, leading to caution in light of a premium valuation and flattish 2025 outlook.
Applied Industrial Technologies, Inc. (AIT) Q4 2024 Earnings Call Transcript
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.
Applied Industrial's (AIT) fourth-quarter fiscal 2024 results are likely to reflect gains from strength across the Service Center Based Distribution segment.
Beyond analysts' top -and-bottom-line estimates for Applied Industrial Technologies (AIT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Applied Industrial Technologies (AIT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The Zacks Manufacturing - General Industrial industry benefits from strength across prominent end-markets and improving supply-chain conditions. IR, DOV, AIT and FLS are some promising stocks in the industry.
Applied Industrial (AIT) is poised to gain from its business strength, acquisitions and initiatives to drive operational excellence.
We have narrowed our search to five general industrial manufacturing stocks with strong potential for 2024. These stocks are: AIT, TNC, CR, IR, FLS.
KNBWY, CAVA and AIT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 13, 2024.
We have narrowed our search to five general industrial manufacturing stocks with strong potential for 2024. These stocks are: AIT, IR, CR, XYL, FLS.
Here is how Applied Industrial Technologies (AIT) and Hyster-Yale Materials (HY) have performed compared to their sector so far this year.