Applied Industrial Technologies (NYSE:AIT) Full Year 2024 Results

Key financial results

• Revenue: $4.48 billion (up 1.5% from FY 2023).

• Net income: $385.8 million (an increase of 11% over FY 2023).

• Profit margin: 8.6% (compared to 7.9% in FY 2023).

• Earnings per share: $9.98 (compared to $8.99 in fiscal 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Applied Industrial Technologies earnings per share exceed expectations

Sales were in line with analysts’ estimates. Earnings per share (EPS) exceeded analysts’ estimates by 1.5%.

Average sales growth of 3.6% per annum is expected for the next two years. Growth of 5.5% is forecast for US retail sales.

Performance of American retail distribution industry.

The company’s shares rose 2.3% compared to the previous week.

Balance sheet analysis

While earnings are important, another area to consider is the balance sheet. We have done some analysis and You can see our assessment of Applied Industrial Technologies’ balance sheet.

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