Applied Industrial (AIT) Q3 Earnings Beat, Revenues Rise Y/Y [Yahoo! Finance]
Applied Industrial Technologies, Inc. (AIT)
Last applied industrial technologies, inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
Applied Industrial Technologies AIT reported third-quarter fiscal 2024 (ended Mar 31, 2024) earnings of $2.48 per share, which surpassed the Zacks Consensus Estimate of $2.40. The bottom line jumped 4.2% year over year. Net revenues of $1,146 million underperformed the consensus estimate of $1.148 million. The top line inched up 1.3% year over year. Acquisitions boosted the top line by 1.2% while foreign-currency translation had a positive impact of 0.2%. Organic sales increased 0.7% year over year. However, selling days had an adverse impact of 0.8% year over year in the quarter. Segmental Discussion The Service Center-Based Distribution segment's revenues, which contributed 68.9% to net revenues, totaled $789.4 million in the quarter under review. On a year-over-year basis, the segment's revenues increased 3.6%. Our estimate for segmental revenues was $789.8 million. Organic sales grew 2.6%. Foreign currency translation increased sales by 0.3% while acquisitions boosted sales
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AIT
News
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- Are Industrial Products Stocks Lagging Applied Industrial Technologies (AIT) This Year? [Yahoo! Finance]Yahoo! Finance
- Applied Industrial Technologies, Inc. (NYSE:AIT) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Why Applied Industrial Technologies (AIT) is a Top Growth Stock for the Long-Term [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