Applied Industrial Technologies, Inc. · AIT · FY2025 Q1 · Calendar Q4 2024

Applied Industrial: EPS Outlook Raised as Orders Improve

The quarter provides evidence for a cautiously constructive view: resilient Service Center activity, stronger Engineered Solutions orders, cash generation, and higher EPS guidance support the growth case, while the organic sales decline and demand uncertainty argue for continued testing rather than confirmation.

Reported Before market openNYSEIndustrials $12.14B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $2.36 Consensus $2.25
EPS surprise +4.9% Reported versus consensus
Reported revenue $1.10B Consensus $1.09B
Revenue surprise +0.8% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +3.6% Event window
SPY move +0.2% Same window
Abnormal move +3.4% Stock minus SPY
Volume 3.4× Versus trailing sessions
Subsequent drift +16.1% Up to 20 sessions
AITSPY benchmark

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What changed

Compared with the prior quarter, EPS guidance was raised while sales and margin guidance were maintained. The current analysis also emphasizes record free-cash generation and double-digit order growth in selected Engineered Solutions customers, alongside continued investment and acquisition activity.

Guidance delta

EPS guidance was raised; sales guidance and full-year margin guidance were maintained.

Key takeaways

  • Organic daily sales declined 3% year over year, while cash generation was a record.
  • Engineered Solutions showed double-digit order growth in automation and technology-focused fluid power.
  • Service Center activity remained stable, and management expects margin improvement in the balance of the year.
  • The quarter supports a constructive operating trajectory, but end-market softness and macro uncertainty remain material checks.

Management priorities

  • Invest in automation, robotics, machine vision, and fluid-power engineering capabilities.
  • Expand capacity in the Pacific Northwest and other strategic locations.
  • Pursue aligned bolt-on and midsized acquisitions.
  • Accelerate digital sales tools, AI-enabled sales tools, automation, and e-commerce platforms.
  • Maintain share buybacks while funding high-return organic projects.

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Earnings History

Estimate Beat Miss Match
AIT EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q3 '24 estimate $2.40 Q3 '24 actual $2.48, beat Q4 '24 estimate $2.51 Q4 '24 actual $2.64, beat Q1 '25 estimate $2.25 Q1 '25 actual $2.36, beat Q4 '25 estimate $2.63 Q4 '25 actual $2.80, beat Q1 '26 estimate $2.48 Q1 '26 actual $2.63, beat Q2 '26 estimate $2.48 Q2 '26 actual $2.51, beat Q3 '26 estimate $2.63 Q3 '26 actual $2.65, beat Q4 '26 estimate $2.92 Q4 '26 actual $3.17, beat Q1 '27 estimate $2.89 Q2 '27 estimate $2.79 Q3 '27 estimate $2.99 Q4 '27 estimate $3.36
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Analyst Consensus ?

ConsensusBuy16 ratings
Bullish1062.5%
Neutral637.5%
Bearish00.0%

Analyst 52W Price Targets

$330.48Current
$210Low
$326.07Average
$420High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Mizuho Outperform OutperformMaintainOct 15, 2026
Oppenheimer Outperform OutperformMaintainAug 14, 2026
Keybanc Overweight OverweightMaintainAug 14, 2026
DA Davidson Buy BuyMaintainAug 14, 2026
Baird Outperform OutperformMaintainAug 14, 2026
Show 11 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $330.48. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Mizuho SecuritiesAnalyst unavailable$390$335 +18.0%Oct 15, 2026
Industrial Alliance SecuritiesChris Dankert$400$360.39 +21.0%Aug 14, 2026
OppenheimerAnalyst unavailable$390$362.17 +18.0%Aug 14, 2026
Industrial Alliance SecuritiesAnalyst unavailable$390$357.62 +18.0%Aug 14, 2026
Robert W. BairdAnalyst unavailable$400$357.62 +21.0%Aug 14, 2026
See 17 more

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Company context

Snapshot as of publication

Applied Industrial Technologies, Inc. (AIT) is a prominent distributor specializing in advanced solutions for industrial motion, power, control, and automation. Its operational footprint extends across North America, Australia, New Zealand, and Singapore. The company structures its operations into two main divisions: Service Center Based Distribution and Fluid Power & Flow Control. AIT's extensive product portfolio encompasses a wide range of industrial components and systems, including bearings, power transmission equipment, engineered fluid power systems, specialized flow control mechanisms, cutting-edge automation products, various industrial rubber items, linear motion components, and essential tools, safety gear, and oilfield provisions.…

Historical context

All AIT earnings

Industrials peers this season

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JBHT J.B. Hunt Transport Services, Inc. FY2026 Q3 · Calendar Q4 2026 +0.6% -2.0% J.B. Hunt: Strong demand, but margin repair remains central
FAST Fastenal Company FY2026 Q3 · Calendar Q4 2026 +3.3% +1.1% Fastenal Q3: Share Gains and Digital Adoption Lift Growth

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
  3. Polygon adjusted daily market bars · 2026-10-18T01:40:42.833547+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T01:40:42.830523+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.