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INTERNET BUSINESS NEWS-(C)1995-2024 M2 COMMUNICATIONS At the 2024 EU-TW 6G SNS Joint Workshop in Taipei, the Industrial Technology Research Institute, alongside its Taiwanese partners and the EU 6G-SANDBOX, presented the [...]

******************** Fiberscope.net is introducing the SIGMA 200 HD, a new modular and customizable pipe inspection crawler designed for high-performance, long-range inspections in various industrial settings. This unit sets a new [...]

Loop Capital raised the firm's price target on Applied Industrial Technologies to $270 from $230 and keeps a Buy rating on the shares. AIT is well-positioned to benefit from accelerating [...]

KeyBanc raised the firm's price target on Applied Industrial Technologies to $275 from $245 and keeps an Overweight rating on the shares following the company's fiscal Q1 beat and 'modest' [...]

BofA analyst Sabrina Abrams raised the firm's price target on Applied Industrial Technologies to $240 from $232 and keeps a Neutral rating on the shares after the company reported fiscal [...]

Raymond James analyst Sam Darkatsh raised the firm's price target on Applied Industrial Technologies to $250 from $225 and keeps an Outperform rating on the shares. September quarter results essentially [...]

Oppenheimer raised the firm's price target on Applied Industrial Technologies to $260 from $235 and keeps an Outperform rating on the shares. AIT delivered moderate revenue upside in Q1 with [...]

Prior view was $9.20-$9.25, consensus $9.68. 'The company is modestly increasing fiscal 2025 EPS guidance to a range of $9.25 to $10.00 (prior $9.20 to $9.95) to primarily reflect updated [...]

Reports Q1 revenue $1.1B, consensus $1.09B. Neil Schrimsher, Applied's President & Chief Executive Officer, commented, 'I'm encouraged by the start to fiscal 2025. While the demand backdrop remains mixed, first-quarter [...]

Mizuho analyst Brett Linzey initiated coverage of Applied Industrial Technologies with an Outperform rating and $285 price target. While cyclical pressure is 'briefly interrupting secular gains,' there are 'massive levels [...]

BofA initiated coverage of Applied Industrial Technologies with a Neutral rating and $232 price target. The firm believes current softness in the manufacturing environment will pressure Applied Industrial's revenue and [...]

Eastern Industrial Supplies announced a transition to second-generation leadership. Kip Miller, Eastern's current President and CEO. who has led the company for 37 years, will be stepping back from day-to-day [...]

Meeting to be held in Boston on September 19 hosted by [...]

Raymond James last night initiated coverage of Applied Industrial Technologies with an Outperform rating and $225 price target. The company's newly issued fiscal 2025 guidance has sufficiently reset Street views [...]

In a regulatory filing, Applied Industrial Technologies CEO Neil Schrimsher disclosed the sale of 3,703 common shares of the company on August 19 at a price of $202.24 per [...]

Sees FY25 revenue growth (2.5%)-2.5% from FY24 sales of $4.5B. Consensus for FY25 revenue is [...]

Northcoast initiated coverage of Applied Industrial Technologies with a Neutral [...]

RECENT changes in precipitation patterns due to climate change have left many railways vulnerable to the risks posed by unstable embankments. Multiple landslides in Austria, Norway, Russia and the United [...]

For fiscal 2024, the company now projects EPS of $9.55 to $9.70 on an adjusted basis (prior $9.35 to $9.70), sales growth of 1.5% to 2.5% (prior 1% to 3%) [...]

Oppenheimer initiated coverage of Applied Industrial Technologies with an Outperform rating and $235 price target. The company's U.S. / North America concentration positions it well relative to near/re-shoring, technical workforce [...]

Mayhew Basque Plastics is a division of Mayhew Steel Products, a manufacturer of punches, chisels and other hand tools. In addition to molding the tool handles, the plastics division makes [...]

******************** New PowTReX basic from Volkmann Permits Powder Recovery for Reuse. Bristol, PA: Additive manufacturing equipment supplier Volkmann USA, Bristol, PA (https://www.volkmannusa.com), has introduced the PowTReX basic metal powder reprocessing [...]

OTTO JUNKER introduced the OCP temperature monitoring system. The state-of-the-art system uses fiberoptic sensors and the RAMAN effect for temperature measurement and monitoring in induction melting furnaces. The OCP+ extension [...]

The new SG (Smart Granulator) control brings Conair's 'common control' interface to its Viper line of granulators, integrates with size-reduction and material-handling equipment, and provides data to inform preventive maintenance [...]

INTERNET BUSINESS NEWS-(C)1995-2023 M2 COMMUNICATIONS The Industrial Technology Research Institute (ITRI) has entered into a memorandum of understanding (MoU) with European 6G experimentation tester 6G-SANDBOX, funded by Smart Networks and [...]

Edge Industrial Technologies has added new sales personnel to its growing team. David Ginfrida has joined the company in the newly created role of key account manager for Edge. Also, [...]

Had previously seen $8.80-$9.55. Consensus for FY24 EPS is $9.19. Narrows FY24 sales growth view to 1%-4% from 0%-4% including 0% to 3% on an organic daily basis, and EBITDA [...]

Reports Q1 revenue $1.1B, consensus $1.1B. CEO Neil Schrimsher commented, 'We delivered a positive start to FY24 with EBITDA and EPS growing a respective 12% and 21% over the prior [...]

The cost of hydraulic fluid is only one variable in the equation leading to optimal hydraulic system performance. Energy conservation and environmental safety are also gaining importance in calculating a [...]

There is a near continuous discussion about 'being connected' in this current 21st century environment: Whether that means by mobile phone, social media or the latest fast internet service, this [...]

In the production of modern and complex aluminum structural parts for the automotive industry, vacuum support systems for die casting units have come into common use over the past two [...]