- Applied Industrial Technology delivered another good quarter, with double-digit organic growth and positive gross and operating margin leverage.
- AIT's growth is broad-based, with 25 of 30 end-markets growing in Q2 and high single-digit growth continuing through January.
- Automation remains an underappreciated "kicker" to the story, as AIT's experience in customization, assembly, and integration can serve its customers well with the challenges of adopting automation.
- AIT shares look at least 10% undervalued now and priced for longer-term market outperformance.
For further details see:
Applied Industrial Technologies Applying The Throttle To A Good Growth Story