文章核心观点 - 公司最近被评级为Zacks Rank 1(强烈买入),这主要反映了公司盈利预测呈上升趋势,这是影响股价最强大的力量 [1][4][6] - 公司盈利前景的改善意味着其基本面有所改善,投资者应该通过推高股价来表示对这一改善趋势的认可 [6] - 跟踪盈利预测修正是一种有效的投资决策方法,Zacks Rank评级系统就是利用这一点 [7][8] 公司情况总结 - 公司预计在2024财年每股收益为9.62美元,同比增长9.9% [9] - 过去3个月内,公司的Zacks共识预测已上调2.3% [10] 行业情况总结 - Zacks评级系统在市场中表现出色,Zacks Rank 1的股票自1988年以来平均年收益率为25% [8] - Zacks评级系统在任何市场环境下都保持买入和卖出评级的均衡,只有顶级5%的股票获得"强烈买入"评级 [11]

Several industrial products stocks are standing out among the Zacks Rank #1 (Strong Buy) list with 16 companies coveting spots from the sector.Even better, here are three of these industrial products stocks that are highly recommended by brokers as well and have an average broker recommendation of 1.0 on a scale of 1 to 5 (Strong Buy to Strong Sell).Applied Industrial Technologies (AIT) : Well known for its engineering, design and system integration services, all four of the brokers covering Applied Industr ...

The U.S. manufacturing sector is trying to bounce back from its earlier lows. The U.S. Census Bureau reported last week that new orders for manufacturing goods increased $9.1 billion in March, up 1.6% month over month and in line with the consensus estimate.March was also the second consecutive month of growth in factory orders after new orders for manufactured goods rose 1.2% in February.Shipments jumped $1.5 billion, or 0.3%, to $583.3 billion, after increasing 1.4% in February. New orders for manufacture ...

It’s been three weeks since Reddit (NYSE:RDDT) priced its shares at $34 for its initial public offering. Reddit stock gained 48.4% in its first-day return. By Mar. 26, it traded as high as $74.90, more than double its IPO price. One reason RDDT stock did so well early in its run as a public company was the launch of options for the community platform company. Approximately 90,000 options traded on Mar. 25, the first day they were available. “The action is on the call side and collected around the upside,” R ...

The Zacks Manufacturing – General Industrial industry is poised for growth on the back of the recovery in domestic and export orders for industrial products and the surge in the e-commerce business. Efforts to digitalize business operations have been enhancing the industry players' competitiveness.Strength in end markets, along with improvement in the supply chain, is expected to foster the industry’s growth. Industry players bank on frequent innovation investments to stay competitive in the market. Ingerso ...

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. Howeve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended MARCH 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from ___ to ___ Commission file number 1-2299 APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Ohio 3 ...

财务数据和关键指标变化 - 第三季度销售额同比增长1.3%,其中收购贡献120个基点,汇率影响20个基点,销售日数影响负80个基点,剔除这些因素后有0.7%的有机日销增长 [30] - 服务中心分部销售额有2.6%的有机日销增长,主要来自美国市场的战略客户和本地客户 [31] - 工程解决方案分部销售额下降3.6%,主要受流体动力销售下降和自动化业务持续下滑的影响 [32] - 毛利率为29.5%,同比增加8个基点,主要受LIFO费用同比下降的影响 [35] - 销售、分销和管理费用同比增加5.3%,占销售额的18.9%,主要受员工成本、专业费用和支持增长举措的投资增加的影响 [36][37] - 第三季度EBITDA下降3.3%,EBITDA利润率为11.8%,同比下降56个基点,主要受销售下滑和费用承压的影响 [39] - 第三季度每股收益为2.48美元,同比增长4% [41] - 第三季度自由现金流为7670万美元,同比增长14% [42] 各条业务线数据和关键指标变化 - 服务中心分部销售增长主要来自美国市场的战略客户和本地客户,国际市场表现相对较弱 [31] - 工程解决方案分部销售下降主要受流体动力销售下降和自动化业务持续下滑的影响,但流程控制业务保持增长 [32] - 自动化业务销售同比下降,但环比持平,可能受到3月节假日时间影响 [33] - 技术行业销售下滑的不利影响有所缓解,随着同比基数的改善和需求趋于稳定 [34] 各个市场数据和关键指标变化 - 食品饮料、金属、公用事业、采矿、木材等行业表现较好,而机械、能源、造纸等行业表现较弱 [18][19] - 服务中心业务中,大型国家账户和液压后市场销售保持强劲增长,本地客户账户也开始出现改善 [19][20] - 工程解决方案中,流程控制业务受益于客户的脱碳和能源转型需求保持增长,而流体动力系统在工业市场的需求相对较稳定 [23][24] 公司战略和发展方向及行业竞争 - 公司正在加大在自动化、机器视觉和物联网等新兴技术领域的投资,以拓展业务范围和增强竞争力 [14][15][54] - 公司收购墨西哥自动化技术公司Grupo Kopar,将拓展在墨西哥及周边地区的自动化业务 [14][15] - 公司看好未来几年内行业并购活动的增加,将继续关注符合公司战略的收购机会 [13] - 公司认为未来几年北美制造业和工业领域将出现多个有利的结构性趋势,如再工业化、基础设施投资和能源安全等,有利于公司发展 [52][53][54] 管理层对经营环境和未来前景的评论 - 管理层认为当前宏观经济环境仍存在不确定性,但对公司未来发展前景保持乐观 [47][52][55] - 管理层表示,公司正在加大在自动化、机器视觉和物联网等新兴技术领域的投资,以把握行业发展趋势 [54] - 管理层认为,公司有望在未来几年内实现高于行业的销售和利润增长,并有望进一步提升盈利能力 [50][51][55] 问答环节重要的提问和回答 问题1 **David Manthey 提问** 询问公司在未来一年的投资计划,以及如果市场环境不如预期会如何调整 [59][60][61][62] **Neil Schrimsher 和 Dave Wells 回答** - 公司将继续加大在自动化、机器视觉、物联网等新兴技术领域的投资,以把握行业发展趋势 - 同时公司也有成本调整的灵活性,如调整佣金、运费等,以应对可能出现的市场波动 [60][61][62][63][64] 问题2 **Christopher Glynn 提问** 询问公司较小客户群的情况,是否存在滞后性风险 [70][71] **Neil Schrimsher 回答** - 公司较小客户群整体表现良好,正从大客户的再工业化和外包趋势中获益 - 这些客户也面临技术人才短缺等挑战,正在加大对公司服务的需求 [71] 问题3 **Ken Newman 提问** 询问公司收购墨西哥Grupo Kopar公司的意义,以及未来是否会更多关注国际市场 [76][77][80][81] **Neil Schrimsher 回答** - 收购Kopar公司是公司战略的自然延伸,看好墨西哥及周边地区的发展前景 - 但公司仍将以北美市场为主要发展重点,国际市场的拓展只是补充 [81]

制造业复苏 - 美国制造业部门正在复苏，订单增长和生产提高[1][2][3] - 3月份耐用品订单上涨2.6%，略高于预期，但2月份的订单下调[2][3] - 波音飞机订单激增31%，非国防资本商品订单（不包括飞机）上涨0.2%[3] - 订单在经历数月的放缓后再次攀升，显示出积极迹象[4] 紧缩政策影响 - 美联储为应对40年来的高通胀，将基准利率提高至5.25-5.5%[5] - 美联储的紧缩政策对经济造成了影响，制造业在2023年受到了打击[6] - 通胀率从2022年6月的9.1%峰值大幅下降，尽管仍高于美联储的2%目标，但压力已经大幅缓解[7] 产业数据 - 一季度订单反弹，美联储报告显示，3月份工业生产增长0.4%，制造业产出增长0.5%[8] - 供应管理协会（ISM）的制造业采购经理人指数（PMI）在3月份上升至50.3，自2022年9月以来首次超过50，表明制造业活动扩张[9] 投资建议 - 投资于五家股票，包括Xerox Holdings Corporation（XRX）、Lakeland Industries, Inc.（LAKE）、Chart Industries, Inc.（GTLS）、Applied Industrial Technologies, Inc.（AIT）和Hubbell Incorporated（HUBB），这些股票有望获得良好回报[10] - Xerox Holdings Corporation（XRX）在合同打印和文件服务市场处于领先地位，预计当年盈利增长26.9%[11][12] - Lakeland Industries, Inc.（LAKE）有望当年盈利增长63.6%[13][14] - Chart Industries, Inc.（GTLS）预计当年盈利增长96.7%[15][16] - Applied Industrial Technologies, Inc.（AIT）预计当年盈利增长8.5%[17][18] - Hubbell Incorporated（HUBB）预计当年盈利增长7.5%[19][20]

Applied Industrial Technologies (AIT) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this industrial products company would post earnings of $2.11 per share when it actually produced earnings of $2.24, delivering a surprise of 6.16%.Over the ...