Here's Why Applied Industrial (AIT) is an Attractive Pick Now [Yahoo! Finance]
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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US:NYSE Investor Relations:
ir.applied.com/home
Company Research
Source: Yahoo! Finance
Let's delve into the factors that make this current Zacks Rank #2 (Buy) company a smart investment choice at the moment. Growth Catalysts Business Strength: Solid momentum across the food and beverage, lumber and wood, mining, pulp and paper, energy, utilities and refining end markets is aiding Applied Industrial. The Service Center Based Distribution segment is benefiting from growth in larger national accounts and fluid power aftermarket sales. The segment is also enjoying the benefits from sales force effectiveness initiatives as it continues to leverage technology investments to streamline sales processes. Its revenues increased 3.4% in the second quarter of fiscal 2024 (ended Dec 31, 2023). For fiscal 2024 (ending June 2024), the company predicts total sales to increase 1-3% year over year. Expansion Initiatives: The company solidified its product portfolio and leveraged business opportunities by adding assets. The acquisitions of Bearing Distributors and Cangro (September
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AIT
News
- Applied Industrial (AIT) Q3 Earnings Beat, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Why Applied Industrial Technologies (AIT) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Applied Industrial Technologies Reports Fiscal 2024 Third Quarter Results and Announces Strategic Automation Acquisition [Yahoo! Finance]Yahoo! Finance
- Applied Industrial Technologies Reports Fiscal 2024 Third Quarter Results and Announces Strategic Automation AcquisitionBusiness Wire
- Should You Buy Applied Industrial Technologies (AIT) Ahead of Earnings? [Yahoo! Finance]Yahoo! Finance
AIT
Earnings
- 4/25/24 - Beat
AIT
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/3/24 - Form 4
- AIT's page on the SEC website