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 (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.
Applied Industrial Technologies (NYSE: AIT) has declared a quarterly cash dividend of $0.33 per common share, payable on August 31, 2021, to shareholders of record on August 16, 2021. Additionally, the Company will hold its Annual Meeting of Shareholders at 9:00 a.m. EDT on October 26, 2021, at its Corporate Headquarters in Cleveland, Ohio. The record date for this meeting is August 27, 2021.
Applied Industrial Technologies (NYSE: AIT) reported a 1.2% increase in net sales for its fiscal 2021 third quarter, totaling $840.9 million. The company achieved a net income of $56.1 million, or $1.42 per share, including a non-routine income of $2.6 million. Organic sales growth was modest at 0.4%. Looking ahead, the company projects a 12% to 13% increase in sales for the fourth quarter compared to the last year. A quarterly cash dividend of $0.33 per share was also declared, payable on May 28, 2021.
Applied Industrial Technologies (NYSE: AIT) will release its fiscal 2021 third quarter financial results on April 29, 2021, prior to market opening. The quarter ended on March 31, 2021. Investors and analysts can join the conference call at 10 a.m. ET on the same day, where key executives will discuss the company's performance. A detailed investor deck will be accessible on the company’s website. The call can be attended via phone or a live audio webcast, and replays will be available for two weeks following the event.
Applied Industrial Technologies (NYSE: AIT) reported a 9.9% decrease in net sales for Q2 fiscal 2021, totaling $751.3 million, down from $833.4 million the previous year. The company experienced a net loss of $5.3 million, or $0.14 per share, including a $49.5 million impairment charge. Adjusted net income was $38.4 million with an adjusted EBITDA of $68.3 million. Despite economic uncertainties, management remains optimistic about future growth, projecting a 3% to 4% decline in Q3 organic sales year-over-year. Additionally, a quarterly dividend increase to $0.33 per share was announced.
Applied Industrial Technologies (NYSE: AIT) announced its fiscal 2021 second quarter financial results release for January 28, 2021, before market opening. The fiscal quarter ended December 31, 2020. A conference call for investors and analysts will be held at 10 a.m. ET on the same day, featuring President & CEO Neil A. Schrimsher and CFO David K. Wells discussing performance metrics. A supplemental investor deck will be available on the Company's website for reference.
Applied Industrial Technologies (NYSE: AIT) has acquired Gibson Engineering Company, enhancing its automation product offerings. Gibson specializes in automation solutions, including machine vision and robotics, serving various industries from its Norwood, Massachusetts base. The acquisition aligns with Applied's growth strategy, leveraging Gibson's strong market presence in the U.S. Northeast and Mid-Atlantic. CEO Neil A. Schrimsher noted that this is the company's third acquisition in 16 months, reflecting its commitment to expanding specialized automation capabilities and growth opportunities.