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Earnings
Applied Industrial Technologies raises FY23 EPS view to $6.90-$7.55 » 06:43
10/27/22
10/27
06:43
10/27/22
06:43
AIT

Applied Industrial Technologies

$116.99 /

+0.69 (+0.59%)

Had previously seen…

Had previously seen $6.65-$7.30, consensus $6.92.

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AIT Applied Industrial Technologies
$116.99 /

+0.69 (+0.59%)

AIT Applied Industrial Technologies
$116.99 /

+0.69 (+0.59%)

08/12/22 Baird
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird
01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
AIT Applied Industrial Technologies
$116.99 /

+0.69 (+0.59%)

Earnings
Applied Industrial Technologies reports Q1 EPS $1.97, consensus $1.63 » 06:42
10/27/22
10/27
06:42
10/27/22
06:42
AIT

Applied Industrial Technologies

$116.99 /

+0.69 (+0.59%)

Reports Q1 revenue $1.1B,…

Reports Q1 revenue $1.1B, consensus $988.5M. CEO Neil Schrimsher commented, "Q1 was a strong start to our fiscal year with sales and EBITDA growth sustaining solid momentum across both segments. Demand within our served end markets remains relatively firm, and we are executing well on internal initiatives aimed at expanding our organic growth potential long term. At the same time, we remain focused on managing inflationary pressures and leveraging our operating structure. This is reflected by gross margin and EBITDA margin expansion, and a 45% year-over-year increase in EPS during the quarter...We are raising FY23 guidance following strong Q1 performance. Organic sales month to date in October are up by approximately 20% year over year, and customer feedback remains generally constructive. We are mindful of ongoing macro uncertainty that could slow industrial activity and growth in coming quarters. Combined with ongoing inflationary and supply chain considerations, we remain prudent with our outlook near term. That said, our industry position and diversified end-market mix provides strong support, and our teams and initiatives are aligned to successfully execute our strategy in any environment. Lastly, our balance sheet and cash flow potential provide significant capacity to supplement our market position and earnings potential through strategic growth investments."

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AIT Applied Industrial Technologies
$116.99 /

+0.69 (+0.59%)

AIT Applied Industrial Technologies
$116.99 /

+0.69 (+0.59%)

08/12/22 Baird
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird
01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
AIT Applied Industrial Technologies
$116.99 /

+0.69 (+0.59%)

Conference/Events
Applied Industrial Technologies management to meet virtually with KeyBanc » 04:55
09/27/22
09/27
04:55
09/27/22
04:55
AIT

Applied Industrial Technologies

$96.53 /

-3.38 (-3.38%)

Virtual Meeting to be…

Virtual Meeting to be held with CEO Schrimsher and CFO Wells on September 27 hosted by KeyBanc.

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AIT Applied Industrial Technologies
$96.53 /

-3.38 (-3.38%)

AIT Applied Industrial Technologies
$96.53 /

-3.38 (-3.38%)

08/12/22 Baird
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird
01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
AIT Applied Industrial Technologies
$96.53 /

-3.38 (-3.38%)

Conference/Events
Applied Industrial Technologies management to meet virtually with KeyBanc » 14:02
09/19/22
09/19
14:02
09/19/22
14:02
AIT

Applied Industrial Technologies

$105.38 /

+1.16 (+1.11%)

Virtual Meeting to be…

Virtual Meeting to be held with CEO Schrimsher and CFO Wells on September 27 hosted by KeyBanc.

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AIT Applied Industrial Technologies
$105.38 /

+1.16 (+1.11%)

AIT Applied Industrial Technologies
$105.38 /

+1.16 (+1.11%)

08/12/22 Baird
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird
01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
AIT Applied Industrial Technologies
$105.38 /

+1.16 (+1.11%)

Conference/Events
Applied Industrial Technologies management to meet with Loop Capital » 04:55
09/08/22
09/08
04:55
09/08/22
04:55
AIT

Applied Industrial Technologies

$106.55 /

+1.9 (+1.82%)

Meeting to be held in…

Meeting to be held in Portland, Oregon on September 8 hosted by Loop Capital.

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AIT Applied Industrial Technologies
$106.55 /

+1.9 (+1.82%)

AIT Applied Industrial Technologies
$106.55 /

+1.9 (+1.82%)

08/12/22 Baird
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird
01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
AIT Applied Industrial Technologies
$106.55 /

+1.9 (+1.82%)

Conference/Events
Applied Industrial Technologies management to meet with Loop Capital » 12:31
09/01/22
09/01
12:31
09/01/22
12:31
AIT

Applied Industrial Technologies

$104.80 /

-1.25 (-1.18%)

Meeting to be held in…

Meeting to be held in Portland, Oregon on September 8 hosted by Loop Capital.

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AIT Applied Industrial Technologies
$104.80 /

-1.25 (-1.18%)

AIT Applied Industrial Technologies
$104.80 /

-1.25 (-1.18%)

08/12/22 Baird
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird
01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
AIT Applied Industrial Technologies
$104.80 /

-1.25 (-1.18%)

Over a quarter ago
Downgrade
Applied Industrial Technologies downgraded to Neutral from Outperform at Baird » 06:34
08/12/22
08/12
06:34
08/12/22
06:34
AIT

Applied Industrial Technologies

$118.56 /

+12.52 (+11.81%)

Baird analyst David…

Baird analyst David Manthey downgraded Applied Industrial Technologies to Neutral from Outperform with a price target of $129, up from $115. The company reported "excellent" June-quarter results and initial FY23 guidance also implied upside to his estimates, though he is taking a more cautious view and following the roughly 30% year-to-date outperformance he recommends investors take some profits.

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AIT Applied Industrial Technologies
$118.56 /

+12.52 (+11.81%)

AIT Applied Industrial Technologies
$118.56 /

+12.52 (+11.81%)

01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
08/18/21 Baird
Applied Industrial Technologies price target raised to $111 from $104 at Baird
AIT Applied Industrial Technologies
$118.56 /

+12.52 (+11.81%)

Hot Stocks
Applied Industrial Technologies authorizes new share repurchase program » 06:36
08/11/22
08/11
06:36
08/11/22
06:36
AIT

Applied Industrial Technologies

$106.03 /

+2.35 (+2.27%)

Applied Industrial…

Applied Industrial Technologies authorized a new share buyback program to repurchase up to 1.5 million shares of the Company's common stock. The updated plan replaces the prior share repurchase plan.

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AIT Applied Industrial Technologies
$106.03 /

+2.35 (+2.27%)

01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
08/18/21 Baird
Applied Industrial Technologies price target raised to $111 from $104 at Baird
AIT Applied Industrial Technologies
$106.03 /

+2.35 (+2.27%)

Earnings
Applied Industrial Technologies sets revenue target of $5B within next 5 years » 06:36
08/11/22
08/11
06:36
08/11/22
06:36
AIT

Applied Industrial Technologies

$106.03 /

+2.35 (+2.27%)

Applied Industrial…

Applied Industrial Technologies established a sales target of over $5B and EBITDA margins of over 12%. The company expects to achieve these targets within the next five years or sooner depending on various factors including the trajectory of broader macro dynamics in coming years. CEO Schrimsher stated, "Given our strong progress and execution in recent years, we are on track to achieve our prior EBITDA margin goal of 11% sooner than expected. We see significant potential to further scale our industry position and EBITDA margin profile in coming years given our multi-faceted strategy focused on enhancing and leveraging our core service center operations, while expanding across higher-engineered solutions tied to advanced automation, industrial power, and process technologies. We expect this strategy to present many new and relevant growth catalysts, and drive an ongoing evolution at Applied that will further solidify the Company as the premier technical provider of customer return-enhancing solutions and application expertise across critical industrial infrastructure."

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AIT Applied Industrial Technologies
$106.03 /

+2.35 (+2.27%)

01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
08/18/21 Baird
Applied Industrial Technologies price target raised to $111 from $104 at Baird
AIT Applied Industrial Technologies
$106.03 /

+2.35 (+2.27%)

Earnings
Applied Industrial Technologies sees FY23 EPS $6.65-$7.30, consensus $6.22 » 06:35
08/11/22
08/11
06:35
08/11/22
06:35
AIT

Applied Industrial Technologies

$106.03 /

+2.35 (+2.27%)

Sees FY23 revenue growth…

Sees FY23 revenue growth 3%-7%, consensus $3.73B.

ShowHide Related Items >><<
AIT Applied Industrial Technologies
$106.03 /

+2.35 (+2.27%)

01/28/22 Baird
Applied Industrial Technologies price target raised to $123 from $115 at Baird
08/18/21 Baird
Applied Industrial Technologies price target raised to $111 from $104 at Baird
AIT Applied Industrial Technologies
$106.03 /

+2.35 (+2.27%)

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