Welcome to our dedicated page for Applied Indl Technologies news (Ticker: AIT), a resource for investors and traders seeking the latest updates and insights on Applied Indl Technologies stock.
Applied Industrial Technologies, Inc. (NYSE: AIT) is frequently in the news as a value-added distributor and technical solutions provider in industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. This news page aggregates coverage that reflects how the company communicates its performance, capital allocation, and strategic activity to the market.
Investors following AIT news will see quarterly and annual earnings releases detailing net sales, net income, EBITDA, cash flow, and segment performance for its Service Center and Engineered Solutions operations. These releases often include management commentary on organic growth, acquisition contributions, margin trends, and guidance ranges for upcoming fiscal periods, as well as discussion of macroeconomic and industrial demand conditions.
News items also highlight capital allocation decisions such as quarterly cash dividends, dividend increases, and share repurchase authorizations. Applied Industrial Technologies has reported board-approved dividend declarations and new or updated share buyback programs, giving insight into how the company balances growth investments with returns to shareholders.
Another recurring theme in AIT news is mergers and acquisitions. The company has announced transactions like the planned acquisition of IRIS Factory Automation and the acquisition of Hydradyne, describing how these deals expand its capabilities in areas such as automation and fluid power and support its solutions-focused strategy.
In addition, news releases cover earnings conference calls, including dates and times for quarterly calls where management discusses results and outlook. For anyone tracking AIT stock, this page offers a centralized view of the company’s earnings announcements, acquisition updates, dividend actions, and other material developments disclosed through press releases.
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.
Applied Industrial Technologies (NYSE: AIT) has elected Richard J. Simoncic to its Board of Directors. Simoncic, 61, brings extensive experience in global operations, distribution, supply chain management, and manufacturing. He has served in executive leadership roles at Microchip Technology Inc. since 1999, including as Chief Operating Officer.
The appointment comes ahead of the departure of Dan P. Komnenovich in October 2024, in line with the company's retirement guidelines. Following these changes, the Applied Board will maintain nine Directors, with eight being independent, including the Chairman.
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.
Applied Industrial Technologies (NYSE: AIT) has announced the release of its fiscal 2024 fourth quarter results on Thursday, August 15, 2024, before the market opens. The company's fiscal Q4 ended on June 30, 2024. A conference call is scheduled for 10 a.m. ET on the same day to discuss the results and outlook.
Investors can access a live audio webcast and supplemental presentation on the company's Investor Relations site. To join by phone, dial 800-715-9871 (toll-free) or 646-307-1963 using conference ID 1462541. Replays will be available via webcast and telephone for one week after the call.
Applied Industrial Technologies (NYSE: AIT) has declared a quarterly cash dividend of $0.37 per common share, payable on August 30, 2024, to shareholders of record as of August 15, 2024. Additionally, the company will hold its Annual Meeting of Shareholders on October 22, 2024, at its Corporate Headquarters in Cleveland, Ohio. Shareholders of record as of August 26, 2024, will be entitled to notice of and voting rights at the meeting.