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

Key Financial Results

• 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).

• EPS: US$9.98 (up from US$8.99 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Applied Industrial Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are up 2.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Applied Industrial Technologies' balance sheet.

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