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Applied Industrial Technologies (AIT)
NYSE:AIT
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
2.41Last Year’s EPS
2.51Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: 5.65%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with significant achievements such as EBITDA and EPS growth, successful acquisition, and dividend increase. However, challenges in sales performance, particularly in December and January, and mixed end market demand tempered the overall positive sentiment.Company Guidance
During the Fiscal 2025 Second Quarter Earnings Call for Applied Industrial Technologies, the company provided guidance that projected sales growth of 1% to 3% for the full fiscal year, with an updated EPS range of $9.65 to $10.05. EBITDA margins were expected to be between 12.2% and 12.4%. The company reported that the second quarter EBITDA and EPS exceeded expectations, growing approximately 3% and 7% year-over-year, respectively. Gross margin expanded 114 basis points to 30.6%, driven by strong channel execution and ongoing margin initiatives. The company also highlighted the positive impact of its recent acquisition of Hydradyne, expected to contribute $260 million in sales and $30 million in EBITDA within the first year of ownership. Despite a mid-single-digit decline in January sales, Applied Industrial Technologies remained optimistic about the demand outlook, supported by improving order trends in its Engineered Solutions segment.EBITDA and EPS Growth
EBITDA and EPS exceeded expectations, increasing approximately 3% and 7% over the prior year, respectively, driven by strong gross margin performance and cost controls.
Engineered Solutions Segment Margin Expansion
EBITDA margins in the Engineered Solutions segment expanded by 115 basis points over the prior year, exceeding 16% for the first time.
Hydradyne Acquisition
The strategic acquisition of Hydradyne, with anticipated sales of $260 million and EBITDA of $30 million in the first year, strengthens Applied Industrial Technologies' fluid power position.
Dividend Increase
The company announced a 24% increase in its quarterly dividend, reflecting strong earnings and cash generation.
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AIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $251.78 | $254.02 | +0.89% |
| Oct 24, 2024 | $223.12 | $231.25 | +3.64% |
| Aug 15, 2024 | $197.93 | $199.41 | +0.75% |
| Apr 25, 2024 | $184.81 | $177.71 | -3.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Applied Industrial Technologies (AIT) report earnings?
Applied Industrial Technologies (AIT) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Applied Industrial Technologies (AIT) earnings time?
Applied Industrial Technologies (AIT) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIT EPS forecast?
AIT EPS forecast for the fiscal quarter 2025 (Q3) is 2.41.
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