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Applied Industrial Technologies Inc   (AIT)
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Price: $189.4800 $2.44 1.305%
Day's High: $189.64 Week Perf: 3.76 %
Day's Low: $ 186.03 30 Day Perf: 1.68 %
Volume (M): 7,231 52 Wk High: $ 194.28
Volume (M$): $ 1,370,187 52 Wk Avg: $154.64
Open: $186.32 52 Wk Low: $122.24



 Market Capitalization (Millions $) 7,447
 Shares Outstanding (Millions) 39
 Employees 6,200
 Revenues (TTM) (Millions $) 4,461
 Net Income (TTM) (Millions $) 374
 Cash Flow (TTM) (Millions $) 247
 Capital Exp. (TTM) (Millions $) 24

Applied Industrial Technologies Inc
Applied Industrial Technologies Inc is a multinational distributor of industrial products and solutions. Headquartered in Cleveland, Ohio, the company was founded in 1923 and has since become one of the largest industrial distributors in the world, with operations in North America, Europe, and Asia.

Applied Industrial Technologies Inc operates in a wide range of industries, including manufacturing, construction, agriculture, mining, and marine. The company provides products and solutions from top manufacturers in areas such as bearings, power transmission, fluid power, conveyor systems, and industrial hoses.

The company's extensive product offering includes more than5 million items, as well as custom-fabricated solutions. Applied Industrial Technologies Inc offers a range of purchasing options, including inventory management, just-in-time delivery, and online ordering.

Applied Industrial Technologies Inc also provides a range of value-added services to customers, including engineering and technical support, repair services, training, and auditing. The company has a team of experienced engineers and technicians who can help customers design and implement industrial solutions that meet their unique needs.

Applied Industrial Technologies Inc is committed to sustainability and social responsibility. The company has an extensive environmental, health, and safety program and works to reduce waste and energy consumption. The company also supports a range of community initiatives and charitable organizations.

In summary, Applied Industrial Technologies Inc is a leading industrial distributor that provides products, solutions, and services to a wide range of industries worldwide. The company is committed to sustainability and social responsibility and offers a range of value-added services to customers.


   Company Address: One Applied Plaza Cleveland 44115 OH
   Company Phone Number: 426-4000   Stock Exchange / Ticker: NYSE AIT
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GWW        2.27% 
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Applied Industrial Technologies Inc

Applied Industrial Technologies Inc sees Boost in Revenue and Profits, Defying Market Expectations

Applied Industrial Technologies (AIT) has recently released its fiscal second-quarter results for 2024, and while the company reported a moderate revenue improvement of 1.585% to $1.08 billion, there are several concerning factors that indicate a bearish outlook for the company.
Firstly, although income per share grew by 13.17% to $2.32 year on year, there was a decrease of -2.93% from $2.39 per share in the previous year. This demonstrates a lack of consistent growth in earnings per share, which is essential for long-term investor confidence.

Applied Industrial Technologies Inc

Applied Industrial Technologies Inc. Soars Above Market Downturn with a 21.32% Surge in Profits

As a financial analyst and avid observer of the market, I have been closely following the recent financial results of Applied Industrial Technologies Inc. and the impact it has had on the Construction & Mining Machinery sector. The company's first-quarter earnings for 2024 have shown significant improvement, with a 21.32% increase in earnings per share compared to the previous year. This represents a positive growth trajectory for Applied Industrial Technologies Inc. and indicates their ability to navigate a challenging market environment.
The increase in earnings is particularly impressive when considering the overall decline in the Construction & Mining Machinery sector, which has been struggling with diminishing orders and fading top-line performance. The fact that Applied Industrial Technologies Inc. has managed to thrive amidst these challenges speaks to their strong business model and strategic approach.

Dividend

Applied Industrial Technologies Powers Forward with Strong Q1 2024 Financial Results

Published Thu, Oct 26 2023 10:30 AM UTC

Applied Industrial Technologies Reports Strong Growth in Q1 2024, Reaching $1.1 Billion in Net Sales
Cleveland-based industrial solutions provider, Applied Industrial Technologies, has recently announced its fiscal 2024 first-quarter results, displaying a remarkable 3.1% increase in net sales compared to the previous year. The company reported total net sales of $1.1 bil...

Applied Industrial Technologies Inc

Applied Industrial Technologies Inc Struggles in Challenging Market Environment, Despite Modest Revenue Increase

Applied Industrial Technologies Inc (AIT) seems to be operating in a challenging market environment, despite reporting an increase in revenue and income for the most recent fiscal period. While revenue grew by 9.024% to $1.16 billion as compared to $1.06 billion in the prior year quarter, this growth pales in comparison to the 21.03% revenue advance observed from the fourth quarter of 2022 in the Construction & Mining Machinery industry. This indicates that AIT has fallen short of its peers in terms of revenue growth.
Furthermore, earnings per share for the fourth quarter of 2023 decreased by -5.43% from $2.47 per share, while revenue only increased marginally by 2.227% from $1.13 billion. This raises concerns about the company's ability to generate significant earnings and revenue growth in the near future.






 

Applied Industrial Technologies Inc's Segments
 
 
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