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.
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.
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.