secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000109563-24-000101
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Q1 FY25 EPS $2.36, organic sales down 3.0%; FY25 EPS guidance raised
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- Net sales $1.1B, up 0.3% YoY; organic daily sales down 3.0% (Service Center -1.4%, Engineered Solutions -6.1%).
- Net income $92.1M ($2.36/share) down 1.0% YoY; EBITDA $129.0M down 3.3% YoY.
- Free cash flow $122.2M (record Q1 level); operating cash flow $127.7M.
- FY25 EPS guidance raised to $9.25-$10.00 (from $9.20-$9.95); sales and EBITDA margin guidance reaffirmed.
- Quarterly dividend $0.37/share payable Nov 29, 2024 to holders of record Nov 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956324000101/0000109563-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956324000101/ait-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000109563-24-000101

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