Applied Industrial Technologies, Inc. (NYSE: AIT) is scheduled to release fourth-quarter fiscal 2024 (ended June 2024) results on Aug 15, before market open. The Zacks Consensus Estimate for fiscal fourth-quarter earnings has been unchanged in the past 60 days. The company has an impressive earnings surprise history, having beat the consensus estimate in each of the preceding four quarters, the average surprise being 8.2%. The consensus estimate for revenues is pegged at $1.19 billion, indicating an increase of 2.5% from the year-ago quarter's reported figure. The consensus estimate for adjusted earnings is pinned at $2.52 per share, suggesting an increase of 7.2% from the year-ago quarter's reported figure. Let's see how things have shaped up for AIT this earnings season. Factors to Note A strong market position, sales initiatives and growth across national customer accounts are likely to have supported the Service Center Based Distribution segment. The increase in demand for technical MRO support and fluid power MRO services across the U.S. manufacturing sector, driven by growing digitization and higher investment in maintenance operations, is likely to have aided the segment's revenues. We expect the segment's revenues to be $812.4 million, implying an increase of 3.9% from the year-ago number. Focus on improving the product line, value-added services and initiatives ...