secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0000109563-24-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Q4 EPS $2.64, up 12.6% YoY; FY2025 guidance $9.20-$9.95
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- Q4 net sales $1.2B (+0.2% YoY); organic daily -2.0%. Net income $103.5M, EPS $2.64 (+12.6% YoY).
- FY2024 adjusted EPS $9.75 (+11.4% YoY); EBITDA $553.3M (+5.5%); net sales $4.5B (+1.5%).
- FY2025 guidance: total sales -2.5% to +2.5%, EPS $9.20-$9.95, EBITDA margins 12.1%-12.3%.
- Announced acquisitions of Total Machine Solutions and Stanley Proctor; combined ~$17M annual sales.
- Demand slowed into early FY2025; organic sales through mid-August down mid-single-digit YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956324000063/0000109563-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956324000063/ait-20240815.htm
  HTML page:      https://secwatch.observer/filing/0000109563-24-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer