NYSE$AIT
Applied Industrial Technologies Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Applied Industrial Technologies reported a strong finish to fiscal year 2023 with Q4 sales, EBITDA, and EPS exceeding expectations.
Applied Industrial Technologies reported a 9.1% increase in net sales for the fourth quarter, reaching $1.2 billion. Net income for the quarter was $92.2 million, or $2.35 per share, and EBITDA was $140.0 million. The company is introducing fiscal 2024 EPS guidance in the range of $8.80 to $9.55 based on sales growth of 0% to 4% and EBITDA margins of 11.9% to 12.1%.
- Fourth Quarter Net Sales of $1.2 Billion Up 9.1% YoY; Up 8.6% on an Organic Basis
- Fourth Quarter Net Income of $92.2 Million, or $2.35 Per Share Up 16.1% YoY
- Fourth Quarter EBITDA of $140.0 Million Up 16.7% YoY
- Establishes Fiscal 2024 Guidance and Updates Intermediate Financial Objectives
Headline financials
Revenue & EPS history
Applied Industrial Technologies · Revenue · Quarterly
$1.16B
Revenue by segment
Applied Industrial Technologies · $1.1B total across 2 segments · Q1 2023
- Engineered Solutions$550M—50.0%
- Service Center$550M—50.0%
Forward guidance
The Company is introducing fiscal 2024 EPS guidance in the range of $8.80 to $9.55 based on sales growth of 0% to 4% and EBITDA margins of 11.9% to 12.1%. Guidance incorporates current economic uncertainty and assumptions of easing end-market demand near term, as well as ongoing inflationary and supply chain headwinds. Guidance does not assume contribution from potential future acquisitions.
Tailwinds
- Sales growth of 0% to 4%
- EBITDA margins of 11.9% to 12.1%
- Focus on meeting customer needs
- Progress towards long-term strategic objectives
- Another meaningful year of cash generation
Headwinds
- Current economic uncertainty
- Easing end-market demand near term
- Ongoing inflationary headwinds
- Supply chain headwinds
- Broader market activity to moderate further near term
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.2%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+4.1%
Avg return
30 days after
39%
26 / 67 earnings
Positive
+14.6%
Q1 2017
Best reaction
-9.1%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +3.0% | +1.6% | +3.4% | |
| Q2 2026 | -6.8% | -7.5% | +0.7% | |
| Q1 2026 | -0.8% | -1.1% | -1.0% | |
| Q3 2025 | -0.6% | -5.6% | -1.0% | |
| Q2 2025 | +0.9% | +2.5% | -0.7% | |
| Q1 2025 | +3.3% | +5.2% | +23.8% | |
| Q4 2024 | +1.3% | +0.3% | +2.5% | |
| Q3 2024 | -2.8% | -1.5% | +5.2% | |
| Q2 2024 | +0.9% | +3.8% | +7.5% | |
| Q1 2024 | -1.0% | +0.8% | +7.4% | |
| Q4 2023 | +7.5% | +7.4% | +10.9% | |
| Q3 2023 | +3.1% | +0.9% | -2.7% | |
| Q2 2023 | +14.5% | +16.9% | +13.4% | |
| Q1 2023 | +8.7% | +11.1% | +13.0% | |
| Q4 2022 | +7.0% | +9.5% | +2.7% | |
| Q3 2022 | +8.8% | +11.0% | +7.2% | |
| Q2 2022 | +3.4% | +3.2% | +4.1% | |
| Q1 2022 | -2.7% | -4.4% | -1.1% | |
| Q4 2021 | -0.5% | -1.8% | -4.3% | |
| Q3 2021 | +0.2% | +6.0% | +2.6% | |
| Q2 2021 | -8.6% | -3.8% | +10.9% | |
| Q1 2021 | +2.5% | +6.9% | +34.2% | |
| Q4 2020 | -7.1% | -8.0% | -16.8% | |
| Q3 2020 | -9.1% | -8.5% | +2.4% | |
| Q2 2020 | -0.6% | -1.0% | +1.3% | |
| Q1 2020 | +4.1% | +8.9% | +11.1% | |
| Q4 2019 | -2.5% | -0.0% | +6.3% | |
| Q3 2019 | -2.5% | -3.5% | -10.2% | |
| Q2 2019 | -2.7% | -2.4% | -0.5% | |
| Q1 2019 | -0.7% | -1.2% | -3.7% | |
| Q4 2018 | -1.1% | +2.4% | +2.7% | |
| Q3 2018 | -9.1% | -9.2% | -2.7% | |
| Q2 2018 | +4.8% | +4.6% | +3.6% | |
| Q1 2018 | -1.1% | -3.9% | -6.3% | |
| Q4 2017 | +4.3% | +2.6% | +5.9% | |
| Q3 2017 | -0.2% | +0.5% | -3.8% | |
| Q2 2017 | -2.7% | -5.9% | -2.0% | |
| Q1 2017 | +14.6% | +15.8% | +37.4% | |
| Q4 2016 | -4.9% | -5.0% | -2.4% | |
| Q3 2016 | -0.0% | — | — | |
| Q2 2016 | +2.9% | — | — | |
| Q1 2016 | +3.9% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -0.5% | — | — | |
| Q1 2015 | -2.0% | — | — | |
| Q4 2014 | -2.5% | — | — | |
| Q3 2014 | -1.6% | — | — | |
| Q2 2014 | +9.9% | — | — | |
| Q1 2014 | -8.9% | — | — | |
| Q4 2013 | -5.1% | — | — | |
| Q3 2013 | +8.9% | — | — | |
| Q2 2013 | +2.7% | — | — | |
| Q1 2013 | -2.1% | — | — | |
| Q4 2012 | +8.2% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | -4.8% | — | — | |
| Q1 2012 | -7.0% | — | — | |
| Q4 2009 | -6.0% | — | — | |
| Q4 2011 | -6.0% | — | — | |
| Q3 2010 | -1.9% | — | — | |
| Q3 2011 | -1.9% | — | — | |
| Q2 2011 | -1.4% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q1 2011 | -0.5% | — | — |
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