Applied Indl Technologies Inc Stock Price, News & Analysis

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.

Applied Industrial Technologies (NYSE: AIT) will release its fiscal 2022 first quarter financial results on October 27, 2021, before market open. The quarter ended on September 30, 2021. A conference call is scheduled for 10 a.m. ET on the same day to discuss performance and outlook. Interested parties can join the call via the provided dial-in numbers or access a live audio webcast on the company’s investor relations website. A supplemental presentation will also be available online.

Applied Industrial Technologies (NYSE: AIT) has been awarded the NorthCoast 99 Platinum Award for 2021, marking its 20th recognition as one of Northeast Ohio's best workplaces. This accolade reflects the company's strong commitment to attracting, developing, and retaining top talent through comprehensive training programs and a supportive workplace culture. The NorthCoast 99 program honors organizations for their effectiveness in employee engagement, well-being, diversity, and overall talent management.

Applied Industrial Technologies (NYSE: AIT) has acquired R.R. Floody Company, enhancing its automation offerings in machine vision, robotics, and motion control. Although the transaction terms were not disclosed, the acquisition is expected to bolster Applied's presence in the U.S. Midwest market. Floody specializes in advanced facility automation and serves diversified industries, including food and beverage and medical technology. This strategic move aligns with Applied's objectives to scale its automation capabilities into early fiscal 2022.

Applied Industrial Technologies (AIT) reported strong fiscal 2021 Q4 results, with net sales rising 23.6% to $895.9 million, driven by organic growth of 19.8%. Net income reached $59.2 million ($1.51 per share), aided by a LIFO liquidation benefit. For the fiscal year, sales slightly decreased by 0.3% to $3.2 billion, while non-GAAP adjusted net income was $186.4 million ($4.74 per share). For fiscal 2022, AIT predicts EPS of $5.00 to $5.40, with sales growth of 8% to 10%. The company also repurchased 400,000 shares for $40.1 million.

Applied Industrial Technologies (NYSE: AIT) has rescheduled its fiscal 2021 fourth quarter and full-year earnings release to August 17, 2021, prior to market opening. The subsequent conference call will occur at 10 a.m. ET on the same day to discuss their performance and future outlook, with a detailed presentation available on their Investor Relations website. The call can be accessed via phone or through a live audio webcast, ensuring investors and analysts can participate effectively.

Applied Industrial Technologies (NYSE: AIT) will announce its fiscal 2021 fourth quarter and full-year financial results on August 11, 2021, before market opens. This announcement follows the end of the fourth quarter on June 30, 2021. An analyst conference call is scheduled for 10 a.m. ET on the same day to discuss performance and future outlook. Additionally, a detailed presentation will be accessible on the company's Investor Relations website. Interested parties can join the call by dialing provided numbers, and replays will be available for two weeks.

Applied Industrial Technologies (NYSE:AIT) has released its annual Product Catalog for 2021/2022, featuring over 30,000 industrial products for MRO and OEM customers. The catalog includes tools, bearings, power transmission components, safety products, and a 48-page Technical Section with vital resources such as formulas and troubleshooting guides. Print copies are available for free at over 300 service centers, while the digital version can be accessed via a mobile app or online. This catalog aims to simplify customer procurement processes, according to Jason Vasquez, VP of Sales & Marketing.