Applied Indl Technologies Inc Stock Price, News & Analysis

Applied Industrial Technologies (NYSE: AIT) has launched its new 2022/2023 Applied® Product Catalog, featuring nearly 30,000 maintenance and industrial items from over 180 manufacturers. The catalog offers a diverse selection ranging from bearings and belts to hydraulic components and safety items, serving both MRO and OEM customers. It includes technical information and troubleshooting guides to help professionals reduce downtime and enhance productivity. The catalog is available in print and digital formats, accessible via the company's website and mobile app.

Applied Industrial Technologies (NYSE: AIT) announced the release of its fiscal 2022 fourth quarter and full-year financial results on August 11, 2022, before market opening. The quarter ended on June 30, 2022. A conference call with analysts and investors is scheduled for 10 a.m. ET on the same date. Participants can dial in at 877-210-1510 (toll free) or listen via a live webcast on the company’s website. Replays will be available for two weeks following the call.

The Board of Directors of Applied Industrial Technologies (NYSE: AIT) has announced a quarterly cash dividend of $0.34 per common share. This dividend is payable on August 31, 2022, to shareholders on record as of August 15, 2022. Additionally, the company's Annual Meeting of Shareholders is scheduled for 9:00 a.m. EDT, on October 25, 2022, at its Corporate Headquarters in Cleveland, Ohio. The record date for voting eligibility is August 26, 2022.

Applied Industrial Technologies reported a strong fiscal 2022 third quarter, achieving net sales of $980.7 million, a 16.6% year-over-year increase. The company also posted net income of $68.3 million or $1.75 per share, and an EBITDA of $108.6 million.

Due to robust performance, the company raised its fiscal guidance for EPS to $6.15 to $6.25 and projected sales growth of 14.8% to 15.3%. The company will also pay a quarterly dividend of $0.34 per share.

Applied Industrial Technologies (NYSE: AIT) will release its fiscal 2022 third quarter financial results on April 28, 2022, before the market opens. The quarter ended on March 31, 2022. A conference call for analysts and investors will occur at 10 a.m. ET on the same day. Interested parties can access the call by dialing 877-311-4351 (toll-free) or 614-999-9139 (International), using conference ID 2092603. A webcast and supplementary presentation will be available on the company’s Investor Relations website.

Applied Industrial Technologies (NYSE: AIT) has launched its fourth edition of the Applied Maintenance Supplies & Solutions Master Product Catalog, featuring over 47,000 items tailored for MROP customers. Enhancements include full-color images and hundreds of new products across categories like Fasteners, Electrical, and Safety. The catalog simplifies product selection for maintenance professionals, promising reduced downtime and increased productivity. Customers can access the digital catalog online or via the mobile app, and printed versions are available upon request.

Applied Industrial Technologies reported a strong second quarter for fiscal 2022, with net sales reaching $876.9 million, up 16.7% year-over-year. The net income was $57.0 million, translating to $1.46 per share. EBITDA stood at $92.6 million. The company raised its fiscal 2022 guidance, now expecting EPS between $5.70 and $5.90 and sales growth of 11.5% to 12.5%. A quarterly dividend was also increased to $0.34 per share, marking the 13th increase since 2010.

Applied Industrial Technologies (NYSE: AIT) will release its fiscal 2022 second quarter financial results on January 27, 2022, before market opening. The period ended on December 31, 2021. A conference call is scheduled for 10 a.m. ET that same day, where the company will discuss performance and outlook. The supplemental presentation will be available on the Investor Relations section of the company’s website. Interested parties can join the call by dialing 877-311-4351 (toll-free) or 614-999-9139 (international).

Applied Industrial Technologies (NYSE: AIT) reported a robust fiscal Q1 2022, with net sales reaching $891.7 million, a 19.2% increase year-over-year. Organic sales growth stood at 16.3%, driven by substantial gains in the Service Center and Fluid Power segments. The company achieved a net income of $53.0 million, or $1.36 per share, alongside an EBITDA of $88.5 million. Fiscal 2022 guidance remains steady with an EPS forecast between $5.00 and $5.40. Despite supply chain challenges, the outlook for growth appears positive, supported by strong cash flow and inventory levels.