Update: Applied Industrial Technologies Q3 Results Show Same-Store Operations Rising 3.2% YOY
Martin Vlcek • Yesterday, 5:57 PM
- AIT organic growth remains slightly positive at 3.2% Y/Y. Total sales, including acquisitions, are up 16% Y/Y. EPS rose 10.5% Y/Y. Acquisitions integration continues.
- The stock performance leaves a lot to be desired, as the organic growth fails to impress and acquisitions are still being integrated. Acquisition synergies should benefit the stock in 2015.
- I confirm my long thesis and keep my target price at $51, offering a ~7% upside within a year plus the 2% dividend.