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Applied Industrial Technologies Inc (AIT) delivers essential industrial distribution solutions and engineered services across MRO and OEM markets. This dedicated news hub provides investors and industry professionals with centralized access to official corporate developments and market-moving updates.
Discover timely announcements including financial results, strategic partnerships, product innovations, and leadership changes. Our curated collection features press releases covering operational expansions, technological advancements in fluid power systems, and maintenance solution enhancements.
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Applied Industrial Technologies (NYSE: AIT) reported strong fiscal 2025 fourth quarter results with net sales of $1.2 billion, up 5.5% year-over-year, and net income of $107.8 million ($2.80 per share). Full-year performance showed net sales of $4.6 billion (up 1.9% YoY) and net income of $393.0 million ($10.12 per share).
The company's Q4 growth was driven by a 6.5% increase from acquisitions and strong performance in the Engineered Solutions segment, despite a slight decline in the Service Center segment. For fiscal 2026, AIT projects total sales growth of 4% to 7% and EPS guidance of $10.00 to $10.75, with organic sales growth of 1% to 4%.
The company's five-year track record shows impressive growth with compound annual growth rates of 14% for EBITDA and 22% for EPS, along with significant margin expansion.
Applied Industrial Technologies (NYSE: AIT) has scheduled its fiscal 2025 fourth quarter earnings release for August 14, 2025, before market open. The fiscal quarter ended on June 30, 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. For telephone access, participants can dial 800-715-9871 (toll-free) or 646-307-1963 using conference ID 7270709.
Applied Industrial Technologies (NYSE: AIT) has announced a quarterly cash dividend declaration of $0.46 per common share. The dividend will be distributed to shareholders of record as of August 15, 2025, with the payment scheduled for August 29, 2025.
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.