Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Rich Simoncic was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 06
Applied Industrial Technologies, Inc. to Report Q3, 2026 Results on Apr 28, 2026 Applied Industrial Technologies, Inc. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 28, 2026 Annonce • Jan 09
Applied Industrial Technologies, Inc. to Report Q2, 2026 Results on Jan 27, 2026 Applied Industrial Technologies, Inc. announced that they will report Q2, 2026 results Pre-Market on Jan 27, 2026 Annonce • Oct 08
Applied Industrial Technologies, Inc. to Report Q1, 2026 Results on Oct 28, 2025 Applied Industrial Technologies, Inc. announced that they will report Q1, 2026 results Pre-Market on Oct 28, 2025 Annonce • Sep 11
Applied Industrial Technologies, Inc., Annual General Meeting, Oct 21, 2025 Applied Industrial Technologies, Inc., Annual General Meeting, Oct 21, 2025. Location: 1 applied plaza, east 36th street and euclid avenue, cleveland, ohio, 44115, United States Annonce • Aug 14
Applied Industrial Technologies, Inc. Provides Earnings Guidance for Fiscal 2026 Applied Industrial Technologies, Inc. provided earnings Guidance for Fiscal 2026. For the year, the company expects EPS guidance in the range of $10.00 to $10.75 based on assumptions for total sales of up 4% to 7% including up 1% to 4% on an organic basis. Annonce • Jul 28
Applied Industrial Technologies, Inc. to Report Q4, 2025 Results on Aug 14, 2025 Applied Industrial Technologies, Inc. announced that they will report Q4, 2025 results Pre-Market on Aug 14, 2025 Annonce • Jun 25
Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on August 29, 2025 Applied Industrial Technologies announced that its board of directors declared a quarterly cash dividend of $0.46 per common share. The dividend is payable on August 29, 2025, to shareholders of record on August 15, 2025. Annonce • Apr 11
Applied Industrial Technologies, Inc. to Report Q3, 2025 Results on May 01, 2025 Applied Industrial Technologies, Inc. announced that they will report Q3, 2025 results Pre-Market on May 01, 2025 Annonce • Jan 09
Applied Industrial Technologies, Inc. to Report Q2, 2025 Results on Jan 29, 2025 Applied Industrial Technologies, Inc. announced that they will report Q2, 2025 results Pre-Market on Jan 29, 2025 Annonce • Jan 02
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Hydradyne, LLC from LOR, Inc. Applied Industrial Technologies, Inc. (NYSE:AIT) agreed to acquire Hydradyne, LLC from LOR, Inc. for approximately $270 million on November 21, 2024. A cash consideration of $272 million will be paid by Applied Industrial Technologies, Inc. The total consideration paid by Applied will be funded with cash on hand. Applied Industrial Technologies shall deposit with the Escrow Agent, in accordance with the Adjustment Escrow Agreement, an amount equal to $4 million.
The Transaction is expected to close in the fourth quarter of calendar year 2024. Consummation of the Transaction is subject to customary closing conditions, including the expiration of the waiting period applicable to the consummation of the Transaction under theU.S. Hart-Scott-Rodino Antitrust Improvement Act of 1976. The Purchase Agreement also includes customary termination provisions and provides that if the Transaction has not been consummated by March 21, 2025.
Applied expects the acquisition to contribute approximately $260 million in sales and $30 million in EBITDA before anticipated synergies, as well as be accretive to EPS, within the first 12 months of ownership prior to transaction-related expenses and the impact of purchase accounting adjustments.
Squire Patton Boggs LLP acted as legal advisor for Applied Industrial Technologies, Inc. McDermott Will & Emery LLP acted as legal advisor for LOR, Inc.
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Hydradyne, LLC from LOR, Inc. on December 31, 2024. Annonce • Nov 22
Applied Industrial Technologies, Inc. (NYSE:AIT) agreed to acquire Hydradyne, LLC from LOR, Inc. for approximately $270 million. Applied Industrial Technologies, Inc. (NYSE:AIT) agreed to acquire Hydradyne, LLC from LOR, Inc. for approximately $270 million on November 21, 2024. A cash consideration of $272 million will be paid by Applied Industrial Technologies, Inc. The total consideration paid by Applied will be funded with cash on hand. Applied Industrial Technologies shall deposit with the Escrow Agent, in accordance with the Adjustment Escrow Agreement, an amount equal to $4 million.
The Transaction is expected to close in the fourth quarter of calendar year 2024. Consummation of the Transaction is subject to customary closing conditions, including the expiration of the waiting period applicable to the consummation of the Transaction under theU.S. Hart-Scott-Rodino Antitrust Improvement Act of 1976. The Purchase Agreement also includes customary termination provisions and provides that if the Transaction has not been consummated by March 21, 2025.
Applied expects the acquisition to contribute approximately $260 million in sales and $30 million in EBITDA before anticipated synergies, as well as be accretive to EPS, within the first 12 months of ownership prior to transaction-related expenses and the impact of purchase accounting adjustments.
Squire Patton Boggs LLP acted as legal advisor for Applied Industrial Technologies, Inc. McDermott Will & Emery LLP acted as legal advisor for LOR, Inc. Upcoming Dividend • Nov 10
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 15 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €242, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €227 per share. Annonce • Nov 08
Private Equity Reportedly Kicking the Tyres of Questas Private equity firms are understood to be the players most interested in buying the $400 million industrial business Questas Group Pty Ltd, with the sale process likely to be wrapped up by Christmas. DataRoom reported last month that the business was on offer by owner Allegro Funds (Allegro Funds Pty Ltd) through investment bank UBS, with expectations it might sell for about $400 million. Some industry experts believed that one of the most likely trade buyers to take a look would be Genuine Parts Company (NYSE:GPC) (GPC), which operates in similar areas to Questas. Another is the company Applied Industrial Technologies, Inc. (NYSE:AIT). But the understanding is that mid-sized private equity firms will dominate the competition. Declared Dividend • Oct 27
First quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 15th November 2024 Payment date: 29th November 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 14%. Reported Earnings • Oct 24
First quarter 2025 earnings released: EPS: US$2.40 (vs US$2.42 in 1Q 2024) First quarter 2025 results: EPS: US$2.40 (down from US$2.42 in 1Q 2024). Revenue: US$1.10b (flat on 1Q 2024). Net income: US$92.1m (down 1.9% from 1Q 2024). Profit margin: 8.4% (down from 8.6% in 1Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 08
Applied Industrial Technologies, Inc. to Report Q1, 2025 Results on Oct 24, 2024 Applied Industrial Technologies, Inc. announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 24, 2024 Recent Insider Transactions • Sep 05
VP & Chief Human Resource Officer recently sold €892k worth of stock On the 30th of August, Kurt Loring sold around 5k shares on-market at roughly €184 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.9m. Insiders have been net sellers, collectively disposing of €7.9m more than they bought in the last 12 months. Recent Insider Transactions • Aug 22
President recently sold €677k worth of stock On the 19th of August, Neil Schrimsher sold around 4k shares on-market at roughly €183 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by €2.1m. Reported Earnings • Aug 16
Full year 2024 earnings released: EPS: US$9.98 (vs US$8.99 in FY 2023) Full year 2024 results: EPS: US$9.98 (up from US$8.99 in FY 2023). Revenue: US$4.48b (up 1.5% from FY 2023). Net income: US$385.8m (up 11% from FY 2023). Profit margin: 8.6% (up from 7.9% in FY 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 15
Applied Industrial Technologies, Inc. Provides Earnings Guidance for Fiscal 2025 Applied Industrial Technologies, Inc. provided earnings Guidance for Fiscal 2025. For the year, the company expects EPS guidance in the range of $9.20 to $9.95 based on assumptions for total sales of down 2.5% to up 2.5% including down 4.0% to up 1.0% on an organic daily basis. Annonce • Aug 14
Applied Industrial Technologies Announces Board Changes Applied Industrial Technologies announced that Richard J. Simoncic has been elected to its Board of Directors. Simoncic, 61, has served in executive leadership roles at Microchip Technology Inc. since 1999, including as Chief Operating Officer, as well as Executive Vice President, Senior Vice President, and Vice President of its Analog Power and Interface Business. Simoncic holds a Bachelor of Science degree in electrical engineering technology from DeVry Institute of Technology. The appointment of Simoncic comes ahead of the departure of Dan P. Komnenovich in October 2024, pursuant to the Company’s guidelines that provide for retirement after a Director reaches the age of 72. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.3%). Annonce • Jul 25
Applied Industrial Technologies, Inc. to Report Q4, 2024 Results on Aug 15, 2024 Applied Industrial Technologies, Inc. announced that they will report Q4, 2024 results Pre-Market on Aug 15, 2024 Declared Dividend • Jul 08
Third quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to €175. The fair value is estimated to be €219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 9.0% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Annonce • Jun 29
Applied Industrial Technologies, Inc., Annual General Meeting, Oct 22, 2024 Applied Industrial Technologies, Inc., Annual General Meeting, Oct 22, 2024. Location: its corporate headquarters, 1 applied plaza (e. 36th & euclid avenue), cleveland, ohio., United States Annonce • Jun 28
Applied Industrial Technologies, Inc. Announces Quarterly Cash Dividend, Payable on August 30, 2024 Applied Industrial Technologies, Inc. announced that Board of Directors of the company declared quarterly cash dividend of $0.37 per common share. The dividend will be payable on August 30, 2024, to shareholders of record on August 15, 2024. Buy Or Sell Opportunity • Jun 07
Now 21% undervalued Over the last 90 days, the stock has risen 1.8% to €170. The fair value is estimated to be €214, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Buy Or Sell Opportunity • May 02
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €166. The fair value is estimated to be €208, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 9.9% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Declared Dividend • Apr 28
Third quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 14th May 2024 Payment date: 31st May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
Third quarter 2024 earnings released: EPS: US$2.51 (vs US$2.52 in 3Q 2023) Third quarter 2024 results: EPS: US$2.51. Revenue: US$1.15b (up 1.3% from 3Q 2023). Net income: US$97.2m (flat on 3Q 2023). Profit margin: 8.5% (in line with 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Europe. Buy Or Sell Opportunity • Apr 12
Now 20% undervalued Over the last 90 days, the stock has risen 16% to €177. The fair value is estimated to be €222, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.2% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Annonce • Apr 09
Applied Industrial Technologies, Inc. to Report Q3, 2024 Results on Apr 25, 2024 Applied Industrial Technologies, Inc. announced that they will report Q3, 2024 results Pre-Market on Apr 25, 2024 Upcoming Dividend • Feb 07
Upcoming dividend of US$0.37 per share at 0.8% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.7%). Declared Dividend • Jan 28
Second quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 14th February 2024 Payment date: 29th February 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.1% over the next year, which should provide support to the dividend and adequate earnings cover. Annonce • Jan 26
Applied Industrial Technologies, Inc. Revises Earnings Guidance for the Fiscal Year 2024 Applied Industrial Technologies, Inc. revised earnings guidance for the fiscal year 2024. For the year, the company now projects sales growth of 1% to 3% (prior 1% to 4%) including 0% to 2% on an organic daily basis. Annonce • Jan 25
Applied Industrial Technologies, Inc. Approves Quarterly Cash Dividend, Payable on February 29, 2024 Applied Industrial Technologies, Inc. announced that its Board of Directors approved an increase in the quarterly cash dividend to $0.37 per common share, payable on February 29, 2024, to shareholders of record on February 15, 2024. Annonce • Jan 13
Applied Industrial Technologies, Inc. to Report Q2, 2024 Results on Jan 25, 2024 Applied Industrial Technologies, Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Jan 25, 2024 Recent Insider Transactions • Nov 17
VP & Chief Human Resource Officer recently sold €829k worth of stock On the 14th of November, Kurt Loring sold around 5k shares on-market at roughly €152 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €7.0m more than they bought in the last 12 months. Reported Earnings • Oct 27
First quarter 2024 earnings released: EPS: US$2.42 (vs US$2.00 in 1Q 2023) First quarter 2024 results: EPS: US$2.42 (up from US$2.00 in 1Q 2023). Revenue: US$1.10b (up 3.1% from 1Q 2023). Net income: US$93.8m (up 22% from 1Q 2023). Profit margin: 8.6% (up from 7.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Annonce • Oct 06
Applied Industrial Technologies, Inc. to Report Q1, 2024 Results on Oct 26, 2023 Applied Industrial Technologies, Inc. announced that they will report Q1, 2024 results Pre-Market on Oct 26, 2023 Annonce • Sep 06
Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Bearing Distributors, Inc. And Cangro Industries, Inc. Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Bearing Distributors, Inc. And Cangro Industries, Inc. on September 5, 2023.
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Bearing Distributors, Inc. And Cangro Industries, Inc. on September 5, 2023. Recent Insider Transactions • Aug 30
President recently sold €1.4m worth of stock On the 25th of August, Neil Schrimsher sold around 10k shares on-market at roughly €143 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €4.2m. Neil has been a net seller over the last 12 months, reducing personal holdings by €5.8m. New Risk • Aug 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €4.4m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Aug 17
President recently sold €4.2m worth of stock On the 15th of August, Neil Schrimsher sold around 30k shares on-market at roughly €141 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Neil has been a net seller over the last 12 months, reducing personal holdings by €4.4m. Annonce • Aug 11
Applied Industrial Technologies, Inc. Provides Earnings Guidance for the Fiscal 2024 Applied Industrial Technologies, Inc. provided earnings guidance for the fiscal 2024. The company is introducing fiscal 2024 EPS guidance in the range of $8.80 to $9.55 based on sales growth of 0% to 4%. Reported Earnings • Aug 11
Full year 2023 earnings released: EPS: US$8.99 (vs US$6.69 in FY 2022) Full year 2023 results: EPS: US$8.99 (up from US$6.69 in FY 2022). Revenue: US$4.41b (up 16% from FY 2022). Net income: US$346.7m (up 35% from FY 2022). Profit margin: 7.9% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 07
Upcoming dividend of US$0.35 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%). Recent Insider Transactions • May 25
President recently sold €199k worth of stock On the 22nd of May, Neil Schrimsher sold around 2k shares on-market at roughly €120 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Neil's only on-market trade for the last 12 months. Upcoming Dividend • May 05
Upcoming dividend of US$0.35 per share at 1.1% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 28
Third quarter 2023 earnings released: EPS: US$2.52 (vs US$1.78 in 3Q 2022) Third quarter 2023 results: EPS: US$2.52 (up from US$1.78 in 3Q 2022). Revenue: US$1.13b (up 15% from 3Q 2022). Net income: US$97.2m (up 42% from 3Q 2022). Profit margin: 8.6% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.35 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.6%). Reported Earnings • Jan 27
Second quarter 2023 earnings released: EPS: US$2.09 (vs US$1.48 in 2Q 2022) Second quarter 2023 results: EPS: US$2.09 (up from US$1.48 in 2Q 2022). Revenue: US$1.06b (up 21% from 2Q 2022). Net income: US$80.5m (up 41% from 2Q 2022). Profit margin: 7.6% (up from 6.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annonce • Jan 13
Applied Industrial Technologies, Inc. to Report Q2, 2023 Results on Jan 26, 2023 Applied Industrial Technologies, Inc. announced that they will report Q2, 2023 results Pre-Market on Jan 26, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Shelly Chadwick was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Nov 04
VP, General Counsel & Secretary recently sold €1.9m worth of stock On the 1st of November, Fred Bauer sold around 15k shares on-market at roughly €129 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.3m more than they bought in the last 12 months. Annonce • Nov 03
Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Automation, Inc. Applied Industrial Technologies, Inc. (NYSE:AIT) acquired Automation, Inc. on November 2, 2022.
Applied Industrial Technologies, Inc. (NYSE:AIT) completed the acquisition of Automation, Inc. on November 2, 2022. Reported Earnings • Oct 28
First quarter 2023 earnings released: EPS: US$2.00 (vs US$1.38 in 1Q 2022) First quarter 2023 results: EPS: US$2.00 (up from US$1.38 in 1Q 2022). Revenue: US$1.06b (up 19% from 1Q 2022). Net income: US$76.9m (up 45% from 1Q 2022). Profit margin: 7.2% (up from 5.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Annonce • Oct 07
Applied Industrial Technologies, Inc. to Report Q1, 2023 Results on Oct 27, 2022 Applied Industrial Technologies, Inc. announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on Oct 27, 2022 Annonce • Sep 10
Applied Industrial Technologies, Inc., Annual General Meeting, Oct 25, 2022 Applied Industrial Technologies, Inc., Annual General Meeting, Oct 25, 2022, at 09:00 US Eastern Standard Time. Location: 1 Applied Plaza, East 36th Street and Euclid Avenue Cleveland Ohio United States Agenda: To elect three directors; to approve, through a nonbinding advisory vote, the compensation of company's named executive officers as disclosed in the attached proxy statement; to ratify the Audit Committee’s appointment of independent auditors for the fiscal year ending June 30, 2023. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Shelly Chadwick was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 30
VP & Chief Human Resource Officer recently sold €808k worth of stock On the 25th of August, Kurt Loring sold around 7k shares on-market at roughly €113 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.5m more than they bought in the last 12 months. Reported Earnings • Aug 13
Full year 2022 earnings released: EPS: US$6.69 (vs US$3.74 in FY 2021) Full year 2022 results: EPS: US$6.69 (up from US$3.74 in FY 2021). Revenue: US$3.81b (up 18% from FY 2021). Net income: US$257.4m (up 78% from FY 2021). Profit margin: 6.8% (up from 4.5% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. 
