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Applied Industrial Technologies, Inc. (AIT) Q1 2024 Earnings Call Transcript
Applied Industrial Technologies, Inc. (NYSE:AIT ) Q1 2024 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Ryan Cieslak - Director, IR Neil Schrimsher - President & CEO David Wells - CFO Conference Call Participants David Manthey - Baird Chris Dankert - Loop Capital Ken Newman - KeyBanc Capital Markets Operator Greetings, and welcome to the Fiscal 2024 First Quarter Earnings Call for Applied Industrial Technologies. [Operator Instructions] As a reminder, this conference is being recorded Thursday, October 26, 2023.
AIT Financial details
AIT Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-06-30
Metric | History | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 89.8 | 83.96 | 83.49 | 99.05 | 114.34 | |
Net income per share | 3.72 | 0.62 | 3.73 | 6.69 | 8.98 | |
Operating cash flow per share | 4.67 | 7.68 | 6.24 | 4.88 | 8.91 | |
Free cash flow per share | 4.18 | 7.16 | 5.83 | 4.4 | 8.23 | |
Cash per share | 2.8 | 6.95 | 6.65 | 4.8 | 8.91 | |
Book value per share | 23.2 | 21.82 | 24.06 | 29.88 | 37.79 | |
Tangible book value per share | -3.46 | -1.04 | 2.4 | 8.72 | 16.7 | |
Share holders equity per share | 23.2 | 21.82 | 24.06 | 29.88 | 37.79 | |
Interest debt per share | 25.83 | 25.1 | 22.16 | 18.61 | 16.76 | |
Market cap | 2.36B | 2.41B | 3.53B | 3.7B | 5.59B | |
Enterprise value | 3.21B | 3.08B | 4.1B | 4.2B | 5.87B | |
P/E ratio | 16.38 | 100.32 | 24.38 | 14.37 | 16.12 | |
Price to sales ratio | 0.68 | 0.74 | 1.09 | 0.97 | 1.27 | |
POCF ratio | 13.06 | 8.13 | 14.6 | 19.72 | 16.25 | |
PFCF ratio | 14.6 | 8.72 | 15.63 | 21.83 | 17.6 | |
P/B Ratio | 2.63 | 2.86 | 3.78 | 3.22 | 3.83 | |
PTB ratio | 2.63 | 2.86 | 3.78 | 3.22 | 3.83 | |
EV to sales | 0.92 | 0.95 | 1.27 | 1.1 | 1.33 | |
Enterprise value over EBITDA | 8.94 | 10.78 | 13.13 | 10.22 | 11.15 | |
EV to operating cash flow | 17.77 | 10.37 | 16.96 | 22.42 | 17.06 | |
EV to free cash flow | 19.85 | 11.12 | 18.15 | 24.81 | 18.48 | |
Earnings yield | 0.06 | 0.01 | 0.04 | 0.07 | 0.06 | |
Free cash flow yield | 0.07 | 0.11 | 0.06 | 0.05 | 0.06 | |
Debt to equity | 1.07 | 1.11 | 0.89 | 0.6 | 0.43 | |
Debt to assets | 0.41 | 0.41 | 0.36 | 0.28 | 0.23 | |
Net debt to EBITDA | 2.37 | 2.33 | 1.83 | 1.23 | 0.53 | |
Current ratio | 2.71 | 2.72 | 2.8 | 2.72 | 3.05 | |
Interest coverage | 5.73 | 6.1 | 6.72 | 13.36 | 19.09 | |
Income quality | 1.25 | 12.34 | 1.67 | 0.73 | 0.99 | |
Dividend Yield | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | |
Payout ratio | 0.33 | 2.03 | 0.35 | 0.2 | 0.15 | |
Sales general and administrative to revenue | 0 | 0.22 | 0.21 | 0.2 | 0.18 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.44 | 0.39 | 0.37 | 0.33 | 0.3 | |
Capex to operating cash flow | -0.11 | -0.07 | -0.07 | -0.1 | -0.08 | |
Capex to revenue | -0.01 | -0.01 | 0 | 0 | -0.01 | |
Capex to depreciation | -0.31 | -0.32 | -0.29 | -0.34 | -0.5 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 44.09 | 17.47 | 44.97 | 67.07 | 87.41 | |
ROIC | 0.09 | 0.05 | 0.1 | 0.15 | 0.18 | |
Return on tangible assets | 0.11 | 0.02 | 0.1 | 0.16 | 0.18 | |
Graham Net | -18.02 | -16.54 | -13.24 | -10.44 | -4.12 | |
Working capital | 724.34M | 733.69M | 768.88M | 859.9M | 1.11B | |
Tangible asset value | -133.82M | -40.27M | 92.84M | 335.56M | 644.47M | |
Net current asset value | -286.53M | -280.24M | -142.69M | 56.3M | 361.91M | |
Invested capital | 1.07 | 1.11 | 0.89 | 0.6 | 0.43 | |
Average receivables | 544.86M | 495.45M | 483.16M | 586.38M | 682.41M | |
Average payables | 247.09M | 211.78M | 197.22M | 233.81M | 280.57M | |
Average inventory | 434.81M | 418.35M | 375.85M | 406.18M | 475.5M | |
Days sales outstanding | 56.85 | 50.61 | 58.24 | 62.88 | 58.59 | |
Days payables outstanding | 35.13 | 29.46 | 33.03 | 35.03 | 35.23 | |
Days of inventory on hand | 66.27 | 61.54 | 57.52 | 60.72 | 58.52 | |
Receivables turnover | 6.42 | 7.21 | 6.27 | 5.81 | 6.23 | |
Payables turnover | 10.39 | 12.39 | 11.05 | 10.42 | 10.36 | |
Inventory turnover | 5.51 | 5.93 | 6.35 | 6.01 | 6.24 | |
ROE | 0.16 | 0.03 | 0.16 | 0.22 | 0.24 | |
Capex per share | -0.49 | -0.52 | -0.41 | -0.47 | -0.69 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q1
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 27.58 | 27.48 | 29.31 | 29.97 | 28.3 | |
Net income per share | 2 | 2.09 | 2.52 | 2.39 | 2.42 | |
Operating cash flow per share | 0.67 | 1.63 | 1.95 | 4.66 | 1.71 | |
Free cash flow per share | 0.53 | 1.44 | 1.74 | 4.51 | 1.6 | |
Cash per share | 3.83 | 4.29 | 4.72 | 8.9 | 9.31 | |
Book value per share | 31.7 | 33.59 | 35.75 | 37.74 | 39.69 | |
Tangible book value per share | 10.83 | 12.36 | 14.51 | 16.68 | 18.41 | |
Share holders equity per share | 31.7 | 33.59 | 35.75 | 37.74 | 39.69 | |
Interest debt per share | 17.02 | 16.99 | 16.24 | 16.29 | 16.11 | |
Market cap | 3.96B | 4.86B | 5.49B | 5.6B | 5.98B | |
Enterprise value | 4.46B | 5.35B | 5.93B | 5.88B | 6.25B | |
P/E ratio | 12.88 | 15.11 | 14.12 | 15.17 | 15.94 | |
Price to sales ratio | 3.73 | 4.59 | 4.85 | 4.83 | 5.46 | |
POCF ratio | 152.63 | 77.32 | 72.98 | 31.11 | 90.37 | |
PFCF ratio | 194.21 | 87.42 | 81.66 | 32.12 | 96.71 | |
P/B Ratio | 3.24 | 3.75 | 3.98 | 3.84 | 3.9 | |
PTB ratio | 3.24 | 3.75 | 3.98 | 3.84 | 3.9 | |
EV to sales | 4.2 | 5.04 | 5.24 | 5.07 | 5.7 | |
Enterprise value over EBITDA | 37.29 | 47.67 | 42.26 | 41.94 | 46.83 | |
EV to operating cash flow | 171.97 | 85.02 | 78.84 | 32.65 | 94.32 | |
EV to free cash flow | 218.81 | 96.12 | 88.21 | 33.71 | 100.94 | |
Earnings yield | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
Free cash flow yield | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | |
Debt to equity | 0.53 | 0.5 | 0.45 | 0.43 | 0.4 | |
Debt to assets | 0.26 | 0.26 | 0.24 | 0.23 | 0.23 | |
Net debt to EBITDA | 4.19 | 4.31 | 3.14 | 1.98 | 1.96 | |
Current ratio | 3.08 | 3.18 | 3.14 | 3.05 | 3.52 | |
Interest coverage | 16.44 | 18.25 | 26.59 | 17.25 | 91.42 | |
Income quality | 0.34 | 0.78 | 0.77 | 1.95 | 0.71 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0.17 | 0.16 | 0.14 | 0.15 | 0.14 | |
Sales general and administrative to revenue | 0.19 | 0 | 0.18 | 0.18 | 0.19 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.33 | 0.32 | 0.31 | 0.3 | 0.3 | |
Capex to operating cash flow | -0.21 | -0.12 | -0.11 | -0.03 | -0.07 | |
Capex to revenue | -0.01 | -0.01 | -0.01 | 0 | 0 | |
Capex to depreciation | -0.42 | -0.54 | -0.6 | -0.43 | -0.33 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 37.73 | 39.7 | 44.99 | 45.01 | 46.53 | |
ROIC | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | |
Return on tangible assets | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | |
Graham Net | -9.2 | -8.01 | -6.55 | -4.11 | -2.04 | |
Working capital | 939.23M | 975.05M | 1.03B | 1.11B | 1.18B | |
Tangible asset value | 417.22M | 476.82M | 560.29M | 644.47M | 712.54M | |
Net current asset value | 137.76M | 195.22M | 278.77M | 361.91M | 429.87M | |
Invested capital | 0.53 | 0.5 | 0.45 | 0.43 | 0.4 | |
Average receivables | 665.28M | 664.32M | 680.07M | 707.02M | 701.66M | |
Average payables | 268.34M | 263.82M | 263.22M | 288.85M | 280.74M | |
Average inventory | 469.96M | 506.56M | 525M | 514.08M | 504.41M | |
Days sales outstanding | 57.11 | 55.56 | 56.1 | 55.05 | 57.11 | |
Days payables outstanding | 33.02 | 29.98 | 31.09 | 33.13 | 30.36 | |
Days of inventory on hand | 58.37 | 62.61 | 59.37 | 55.04 | 59.33 | |
Receivables turnover | 1.58 | 1.62 | 1.6 | 1.63 | 1.58 | |
Payables turnover | 2.73 | 3 | 2.89 | 2.72 | 2.96 | |
Inventory turnover | 1.54 | 1.44 | 1.52 | 1.64 | 1.52 | |
ROE | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | |
Capex per share | -0.14 | -0.19 | -0.21 | -0.15 | -0.11 |
AIT Frequently Asked Questions
What is Applied Industrial Technologies, Inc. stock symbol ?
Applied Industrial Technologies, Inc. is a US stock , located in Cleveland of Oh and trading under the symbol AIT
Is Applied Industrial Technologies, Inc. buy or a sell ?
2 stock analysts have 2 predictions with a medium analyst target price of $134.5. The lowest prediction is $129 and the highest is $140
What is AIT stock prediction ?
What is Applied Industrial Technologies, Inc. stock quote today ?
Applied Industrial Technologies, Inc. stock price is $165.83 today.
Is Applied Industrial Technologies, Inc. stock public?
Yes, Applied Industrial Technologies, Inc. is a publicly traded company.