Applied Indl Technologies Inc Stock Price, News & Analysis

Applied Industrial Technologies (NYSE: AIT) has scheduled its fiscal 2025 third quarter earnings release for Thursday, May 1, 2025, before market opening. The quarter concluded on March 31, 2025. The company will host a conference call at 10 a.m. ET to discuss quarterly results and outlook.

Investors can access the live audio webcast and supplemental presentation through the company's Investor Relations website at https://ir.applied.com. For telephone participation, participants can dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 7270709. Replay options will be available via webcast and telephone for one week using the same conference ID.

Applied Industrial Technologies (NYSE: AIT) reported fiscal 2025 second quarter results with net sales of $1.1 billion, down 0.4% year-over-year. Net income reached $93.3 million, or $2.39 per share, up 6.7% compared to prior-year adjusted EPS. EBITDA increased 3.3% to $135.1 million.

The company generated strong cash flows with operating cash flow of $95.1 million and free cash flow of $89.9 million. The Board approved a 24% increase in quarterly dividend to $0.46 per share. Sales performance included a 1.9% increase from acquisitions and 1.6% benefit from an extra selling day, offset by -0.5% foreign currency impact and -3.4% organic daily sales decline.

Based on Q2 performance and the recent Hydradyne acquisition, AIT raised its FY2025 guidance, now projecting EPS of $9.65-$10.05 on sales growth of 1-3%, with EBITDA margins of 12.2-12.4%.

Applied Industrial Technologies (NYSE: AIT) has announced it will release its fiscal 2025 second quarter financial results on Wednesday, January 29, 2025, before market opening. The fiscal quarter ended December 31, 2024.

The company will host a conference call at 10 a.m. ET to discuss quarterly results and outlook. Investors can access the live audio webcast and supplemental presentation through the company's Investor Relations website. For telephone access, participants can dial 800-715-9871 (toll-free) or 646-307-1963 using conference ID 2139950.

Applied Industrial Technologies (NYSE: AIT) has successfully completed the acquisition of Hydradyne, on December 31, 2024. Hydradyne, based in Dallas, Texas, is a leading provider of fluid power solutions with operations across the Southeastern U.S., specializing in hydraulics, pneumatics, electromechanical systems, instrumentation, filtration, and fluid conveyance.

The acquisition is expected to generate approximately $260 million in sales and $30 million in EBITDA before anticipated synergies within the first 12 months of ownership. The deal will be accretive to EPS, excluding transaction-related expenses and purchase accounting adjustments. The combination aims to enhance Applied's fluid power distribution position in the U.S. by leveraging complementary technical capabilities and engineered solutions across various markets.

Applied Industrial Technologies (NYSE: AIT) has signed a definitive agreement to acquire Hydradyne, a major fluid power solutions provider based in Dallas. Hydradyne operates 33 locations across the Southeastern U.S. with nearly 500 associates, specializing in fluid power system design and related services. The acquisition is expected to contribute approximately $260 million in sales and $30 million in EBITDA before synergies, and be accretive to EPS within the first 12 months. The deal enhances AIT's Engineered Solutions segment and expands its footprint in the growing Southeast region.

Applied Industrial Technologies (NYSE: AIT) reported fiscal 2025 first quarter results with net sales of $1.1 billion, up 0.3% year-over-year. Net income was $92.1 million ($2.36 per share), down 1.0% YoY, while EBITDA decreased 3.3% to $129.0 million. The company generated strong free cash flow of $122.2 million. Despite mixed demand conditions, sales exceeded expectations and strengthened in September. The company increased its FY25 EPS guidance to $9.25-$10.00 while maintaining sales guidance of -2.5% to +2.5% and EBITDA margin guidance of 12.1% to 12.3%. A quarterly dividend of $0.37 per share was declared.

Applied Industrial Technologies (NYSE: AIT) has announced it will release its fiscal 2025 first quarter results on Thursday, October 24, 2024, before the market opens. The company's fiscal 2025 first quarter ended on September 30, 2024. A conference call is scheduled for 10 a.m. ET on the same day to discuss the quarter's results and outlook.

Investors can access a live audio webcast and supplemental presentation on the company's Investor Relations site at https://ir.applied.com. To join by telephone, participants can dial 800-715-9871 (toll free) or 646-307-1963 using conference ID 3459273. Replays of the call will be available via webcast and telephone for one week by dialing 800-770-2030 (toll free) using the same conference ID.

Applied Industrial Technologies (NYSE: AIT) has released its 2024 Environmental, Social, and Governance (ESG) Report, highlighting progress in sustainability and socially responsible practices. Key achievements include:

• 3% reduction in absolute energy consumption
• Increased percentage of waste recycled
• 31% decrease in total recordable incident rate to 0.78 in 2024
• Development of an Emergency Management System Manual for ISO 14001:2015 certification

The report aligns with Global Reporting Initiative (GRI) standards and Sustainability Accounting Standards Board (SASB) frameworks. CEO Neil A. Schrimsher emphasized the company's commitment to creating a more sustainable industrial economy and driving progress that aligns with core values and stakeholder expectations.

Applied Industrial Technologies (NYSE: AIT) reported its fiscal 2024 fourth quarter and full-year results, showing modest growth and improved profitability. Q4 net sales increased 0.2% to $1.2 billion, while full-year net sales rose 1.5% to $4.5 billion. Q4 net income grew 12.6% to $103.5 million, or $2.64 per share. Full-year net income reached $385.8 million, or $9.83 per share. The company achieved record gross margins exceeding 30% and EBITDA margins over 13%.

AIT also announced two bolt-on acquisitions: Total Machine Solutions and Stanley Proctor, expected to generate approximately $17 million in annual sales. For fiscal 2025, AIT provided guidance of total sales between -2.5% to +2.5% and EPS ranging from $9.20 to $9.95, reflecting current economic uncertainty and expectations of slowing demand in the first half of the year.