Applied Industrial Technologies

OverviewSuggest Edit

Applied Industrial Technologies distributes industrial products internationally. The Company operates in two segments, Service Center Based Distribution, and Fluid Power and Flow Control. It distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, industrial rubber products, linear motion components, tools, safety products, oilfield supplies, and other industrial and maintenance supplies. Applied Industrial Technologies also operates fabricated rubber shops that modify and repair conveyor belts, as well as provide hose assemblies.
TypePublic
Founded1923
HQCleveland, USMap
Websiteapplied.com
Employee Ratings2.8More
View Jobs (292)

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Latest Updates

Employees (est.) (Feb 2019)6,664
Job Openings292
Revenue (FY, 2018)$3.1 B(+19%)
Share Price (Mar 2019)$58.1

Key People/Management at Applied Industrial Technologies

Rob Onorato

Rob Onorato

COO
David Wells

David Wells

VP, CFO & Treasurer
Kurt Loring

Kurt Loring

Chro
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Applied Industrial Technologies Office Locations

Applied Industrial Technologies has offices in Cleveland, Salt Lake City, Newark, San Angelo and in 3 other locations
Cleveland, US (HQ)
15504 Industrial Pkwy
Augusta, US
Augusta, GA, USA
Madison, US
Madison, WI, USA
Memphis, US
Memphis, TN, USA
Newark, US
Newark, NJ, USA
Salt Lake City, US
Salt Lake City, UT, USA
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Applied Industrial Technologies Financials and Metrics

Applied Industrial Technologies Revenue

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Applied Industrial Technologies's revenue was reported to be $3.07 b in FY, 2018 which is a 18.5% increase from the previous period.
USD

Revenue (Q2, 2019)

840.0m

Gross profit (Q2, 2019)

242.9m

Gross profit margin (Q2, 2019), %

28.9%

Net income (Q2, 2019)

38.7m

EBIT (Q2, 2019)

61.0m

Market capitalization (15-Mar-2019)

2.3b

Closing stock price (15-Mar-2019)

58.1

Cash (31-Dec-2018)

79.8m

EV

3.1b
Applied Industrial Technologies's current market capitalization is $2.3 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

21.8m24.1m2.5b2.6b3.1b

Revenue growth, %

10%10360%3%18%

Cost of goods sold

1.8b2.0b1.8b1.9b2.2b

Gross profit

(1.8b)(2.0b)707.4m737.7m884.0m
Quarterly
USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

1.3b2.2b864.5m840.0m

Cost of goods sold

967.1m1.6b612.7m597.2m

Gross profit

380.8m620.3m251.9m242.9m

Gross profit Margin, %

28%29%29%29%
show all
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

71.2m69.5m59.9m105.1m54.2m

Accounts Receivable

390.9m548.8m

Inventories

335.7m362.4m338.2m345.1m422.1m

Current Assets

836.1m859.3m781.6m882.5m1.1b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

76.9m66.6m69.1m52.0m33.2m55.2m64.0m55.6m62.9m58.0m62.9m67.3m77.8m85.3m43.5m56.4m79.8m

Inventories

302.4m323.3m320.0m367.3m401.5m381.1m350.8m359.7m347.0m342.0m349.0m344.7m365.0m386.9m432.4m431.7m445.9m

Current Assets

733.7m750.5m774.5m874.8m877.8m886.0m813.9m780.8m803.8m777.4m782.4m836.1m876.9m903.5m1.1b1.1b1.1b

Goodwill

107.0m111.4m111.2m259.2m260.3m252.7m248.6m249.3m199.2m205.5m204.0m205.3m209.8m209.0m629.8m647.5m651.2m
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Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

112.8m115.5m29.6m133.9m141.6m

Depreciation and Amortization

16.0m15.3m17.8m

Inventories

(29.0m)25.1m(3.6m)(33.4m)

Accounts Payable

21.4m(28.6m)32.1m50.3m
Quarterly
USDQ1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

26.8m83.1m33.7m64.7m101.3m48.9m87.7m

Inventories

367.3m401.5m381.1m350.8m359.7m347.0m342.0m349.0m344.7m

Accounts Payable

145.6m150.9m143.9m142.6m114.8m134.9m149.0m137.5m150.3m

Cash From Operating Activities

17.0m44.3m9.4m21.2m47.9m11.8m65.6m
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USDY, 2018

EV/EBIT

51.5 x

EV/CFO

47.9 x

Revenue/Employee

126.6k

Financial Leverage

2.6 x
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Applied Industrial Technologies Revenue Breakdown

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Applied Industrial Technologies revenue breakdown by business segment: 23.7% from Fluid Power & Flow Control and 76.3% from Service Center Based Distribution

Applied Industrial Technologies revenue breakdown by geographic segment: 85.1% from United States, 6.0% from Other Countries and 8.9% from Canada

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Competitors

DistributionNOW
Energy & Utilities - Public
Park-Ohio Holdings
Manufacturing & Industrial - Public
Fastenal
Retail - Public
Graybar Electric
Retail - Private
DXP Enterprises
Retail - Public
W.W. Grainger
Retail - Public
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Applied Industrial Technologies Online and Social Media Presence

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Applied Industrial Technologies News and Updates

January 24, 2019

Applied Industrial Technologies Reports Fiscal 2019 Second Quarter Results

CLEVELAND, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported second quarter fiscal 2019 sales and earnings for the three months ended December 31, 2018.
January 09, 2019

Applied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference on January 24, 2019

CLEVELAND, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today announced plans to release its fiscal 2019 second quarter financial results on Thursday, January 24, 2019, before the market opens. The Company’s fiscal 2019 second quarter ended December 31, 2018.
November 05, 2018

Applied Industrial Technologies Acquires Fluid Power Sales

Strengthens Fluid Power Market Leadership Capabilities
October 31, 2018

Applied Industrial Technologies Reports Fiscal 2019 First Quarter Results

CLEVELAND, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today reported first quarter fiscal 2019 sales and earnings for the three months ended September 30, 2018.
October 09, 2018

Applied Industrial Technologies to Report First Quarter Earnings and Conduct Investor Teleconference on October 31, 2018

CLEVELAND, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) today announced plans to release its fiscal 2019 first quarter financial results on Wednesday, October 31, 2018, before the market opens. The Company’s fiscal 2019 first quarter ended September 30, 2018.
September 13, 2018

Applied Industrial Technologies Recognized as a Best Workplace for Top Talent

Receives 2018 NorthCoast 99 Award Receives 2018 NorthCoast 99 Award
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 Applied Industrial Technologies Frequently Asked Questions

  • When was Applied Industrial Technologies founded?

    Applied Industrial Technologies was founded in 1923.

  • Who are Applied Industrial Technologies key executives?

    Applied Industrial Technologies's key executives are Rob Onorato, David Wells and Kurt Loring.

  • How many employees does Applied Industrial Technologies have?

    Applied Industrial Technologies has 6,664 employees.

  • What is Applied Industrial Technologies revenue?

    Latest Applied Industrial Technologies annual revenue is $3.1 b.

  • What is Applied Industrial Technologies revenue per employee?

    Latest Applied Industrial Technologies revenue per employee is $461.2 k.

  • Who are Applied Industrial Technologies competitors?

    Competitors of Applied Industrial Technologies include DistributionNOW, Park-Ohio Holdings and Fastenal.

  • Where is Applied Industrial Technologies headquarters?

    Applied Industrial Technologies headquarters is located at 15504 Industrial Pkwy, Cleveland.

  • Where are Applied Industrial Technologies offices?

    Applied Industrial Technologies has offices in Cleveland, Salt Lake City, Newark, San Angelo and in 3 other locations.

  • How many offices does Applied Industrial Technologies have?

    Applied Industrial Technologies has 7 offices.

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