APPLIED INDUSTRIAL TECHNOLOGIES Files 8-K on Financial Results
Ticker: AIT · Form: 8-K · Filed: Jan 25, 2024 · CIK: 109563
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-results, 8-K
TL;DR
**AIT just filed an 8-K on financial results, so expect an update on their performance.**
AI Summary
APPLIED INDUSTRIAL TECHNOLOGIES INC filed an 8-K on January 25, 2024, to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'. This filing indicates the company is providing an update on its financial performance, which is crucial for investors to assess the company's health and future prospects. While specific numbers aren't detailed in this summary, the filing itself would contain the financial data necessary for shareholders to understand the company's current standing and make informed decisions about their investment.
Why It Matters
This filing signals that APPLIED INDUSTRIAL TECHNOLOGIES INC is updating the market on its financial performance, which directly impacts investor confidence and stock valuation. Investors should review the full filing for specific financial figures to understand the company's current health.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently present new risks, but rather provides information to assess existing business risks.
Analyst Insight
A smart investor would immediately access the full 8-K filing to review the detailed 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' to understand the company's current financial health before making any investment decisions.
Key Numbers
- 001-02299 — Commission File Number (identifies the company's registration with the SEC)
- 34-0117420 — I.R.S. Employer Identification No. (identifies the company for tax purposes)
- 216-426-4000 — Registrant's telephone number (contact information for the company)
Key Players & Entities
- APPLIED INDUSTRIAL TECHNOLOGIES INC (company) — registrant filing the 8-K
- Ohio (company) — state of incorporation for APPLIED INDUSTRIAL TECHNOLOGIES INC
- New York Stock Exchange (company) — exchange where AIT Common Stock is registered
- January 25, 2024 (date) — date of earliest event reported and filing date
Forward-Looking Statements
- APPLIED INDUSTRIAL TECHNOLOGIES INC will provide detailed financial figures in the full filing. (APPLIED INDUSTRIAL TECHNOLOGIES INC) — high confidence, target: 2024-01-25
- The market will react to the specific financial results once they are fully disclosed. (AIT stock price) — medium confidence, target: 2024-01-26
FAQ
What is the purpose of this 8-K filing by APPLIED INDUSTRIAL TECHNOLOGIES INC?
The purpose of this 8-K filing is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as of January 25, 2024, providing an update on the company's financial performance.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 25, 2024, which is also the date the report was filed.
What is the trading symbol and the exchange where APPLIED INDUSTRIAL TECHNOLOGIES INC's Common Stock is registered?
The trading symbol for APPLIED INDUSTRIAL TECHNOLOGIES INC's Common Stock is AIT, and it is registered on the New York Stock Exchange.
What is the state of incorporation for APPLIED INDUSTRIAL TECHNOLOGIES INC?
APPLIED INDUSTRIAL TECHNOLOGIES INC is incorporated in Ohio.
Is APPLIED INDUSTRIAL TECHNOLOGIES INC considered an emerging growth company according to this filing?
No, the filing indicates with a '☐' (unchecked box) that APPLIED INDUSTRIAL TECHNOLOGIES INC is not an emerging growth company as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 495 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-01-25 09:37:29
Filing Documents
- ait-20240125.htm (8-K) — 25KB
- a8k1252024releaseexhibit991.htm (EX-99.1) — 169KB
- appliedlogo.jpg (GRAPHIC) — 23KB
- 0000109563-24-000005.txt ( ) — 363KB
- ait-20240125.xsd (EX-101.SCH) — 2KB
- ait-20240125_lab.xml (EX-101.LAB) — 24KB
- ait-20240125_pre.xml (EX-101.PRE) — 12KB
- ait-20240125_htm.xml (XML) — 3KB
02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On January 25, 2024, Applied Industrial Technologies, Inc. ("Applied") issued a press release related to its earnings for the fiscal year 2024 second quarter ended December 31, 2023. The release is attached as Exhibit 99.1 to this Report on Form 8-K. The information in this Report on Form 8-K, including the Exhibit, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description 99.1 Press release of Applied Industrial Technologies, Inc. dated January 25, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Registrant) By: /s/ Jon S. Ploetz Jon S. Ploetz, Vice President-General Counsel & Secretary Date: January 25, 2024