Applied Industrial Technologies Inc. (AIT) · wyniki II kw. 2026 i wycena

Przy wzroście 4,0% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $194.49 na akcję — kurs jest o 53% powyżej niej. Obecna cena zakłada wzrost o 9,9% rocznie.

1. Prognoza

   AIT now expects higher-margin flow control sales to contribute more in fiscal 2026, which could lift profits as overall growth slows.

   Cytat ze źródła

   “In addition, following a more muted growth backdrop, in fiscal 2026, we expect potentially greater contribution from higher margin flow control sales.”

2. Prognoza

   AIT's strongest sales growth came from automation, where organic sales rose over 20% year-over-year.

   Cytat ze źródła

   “Beyond critical and core end market dynamics, we expect ongoing positive contribution from our internal sales initiatives, including greater cross selling momentum and benefits from sales productivity investments.”

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 89% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Zdania, które wpłynęły na ton

“Improved organic sales growth was primarily driven by stronger volume growth across our US service center operations reflecting more favorable end market demand and benefits from our internal sales initiatives...”

“The strong EBITDA growth and EBITDA margin performance in the quarter primarily reflects solid underlying incremental margins and more robust sales growth combined with ongoing cost accountability, partially offset by...”

“As a percentage of sales, SG&A expense improved 94 basis points year over year to 18.6% highlighting strong operating leverage in the quarter and a solid improvement from trends last...”