Applied Industrial Technologies, Inc. (AIT) is currently priced at $300.8 with a positive price change of $2.7 (0.904%). The trading volume stands at $100,820, representing a 31.15% increase compared to the average.
In the latest quarterly earnings reported on Monday, April 27th, AIT exceeded expectations with an EPS of 2.63.
With a forward dividend yield of 0.678%, AIT distributed dividends of 51 cents per share MRQ, showing a year-over-year increase.
The company generated a free cash flow of $91.77 million, with notable activities including common stock repurchase of $-90.23 million.
AIT reported revenue of $1.16 billion, resulting in a net income of $95.35 million. The EPS stands at $2.54, reflecting solid profitability.
Key ratios showcase AIT's performance, including a net profit margin of 8.2%, return on equity of 5.09%, and a price to earnings ratio of 25.36.
The company holds total assets of $3.16 billion, with net debt standing at $166.31 million, indicating a strong financial position.
This comprehensive overview highlights AIT's positive performance and financial stability, making it an asset to watch in the current market session.
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides equipment repair and technical support services. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.