Applied Industrial Technologies
OverviewSuggest Edit
Applied Industrial Technologies is a company that distributes industrial products. 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.
| Type | Public | |
| Founded | 1923 | |
| Website | applied.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Recent NewsAll News
- Applied Industrial Technologies Names Ryan D. Cieslak Director of Investor Relations & Treasury
- Applied Industrial Technologies Reports Fiscal 2019 Second Quarter Results
- Applied Industrial Technologies to Report Second Quarter Earnings and Conduct Investor Teleconference on January 24, 2019
- Applied Industrial Technologies Acquires Fluid Power Sales
Key People/Management at Applied Industrial Technologies
Neil Schrimsher
President and Chief Executive Officer
Kurt Loring
Chief Human Resources Officer
David Wells
Vice President, Chief Financial Officer, and Treasurer
Fred D. Bauer
Vice President, General Counsel, and Secretary
Ryan D. Cieslak
Director, Investor Relations & Treasury Applied Industrial Technologies
Southfield Mi
Account Executive at Applied Industrial Technologies
Applied Industrial Technologies Financials and Metrics
Applied Industrial Technologies Revenue
Applied Industrial Technologies's revenue was reported to be $3.24 b in FY, 2021 which is a 0.3% decrease from the previous period.
| USD | |
|---|---|
Revenue (FY, 2021) | 3.2b |
Revenue growth (FY, 2020 - FY, 2021), % | (0.3%) |
Gross profit (FY, 2021) | 935.5m |
Gross profit margin (FY, 2021), % | 28.9% |
Net income (FY, 2021) | 144.8m |
EBIT (FY, 2021) | 205.5m |
Market capitalization (13-May-2022) | 4.1b |
Closing stock price (13-May-2022) | 106.1 |
Cash (30-Jun-2021) | 257.7m |
EV | 4.7b |
Applied Industrial Technologies's current market capitalization is $4.1 b.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 864.5m | 840.0m | 885.4m | 856.4m | 833.4m | 830.8m | 747.8m | 751.3m | 840.9m |
Cost of goods sold | 612.7m | 597.2m | 629.9m | 604.9m | 592.1m | 594.0m | 532.0m | 541.8m | 593.7m |
Gross profit | 251.9m | 242.9m | 255.6m | 251.5m | 241.2m | 236.8m | 215.8m | 209.5m | 247.2m |
Gross profit Margin, % | 29% | 29% | 29% | 29% | 29% | 28% | 29% | 28% | 29% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 56.4m | 79.8m | 47.4m | 98.2m | 128.1m | 165.5m | 271.1m | 288.8m | 304.0m |
Accounts Receivable | 565.5m | 512.0m | 574.5m | 529.3m | 502.9m | 524.1m | 447.0m | 444.2m | 510.1m |
Inventories | 431.7m | 445.9m | 454.6m | 465.2m | 463.6m | 421.2m | 365.4m | 363.8m | 358.2m |
Current Assets | 1.1b | 1.1b | 1.1b | 1.1b | 1.1b | 1.2b | 1.1b | 1.2b | 1.2b |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 48.9m | 87.7m | 104.2m | 38.8m | 76.8m | (5.9m) | 34.8m | 29.5m | 85.5m |
Depreciation and Amortization | 16.6m | 33.2m | 48.7m | 15.6m | 32.7m | 49.9m | 15.1m | 29.9m | 43.8m |
Cash From Operating Activities | 11.8m | 65.6m | 77.2m | 50.0m | 104.9m | 169.6m | 81.8m | 159.4m | 203.4m |
Purchases of PP&E | (3.2m) | (7.1m) | (11.7m) | (4.9m) | (12.0m) | (16.2m) | (3.6m) | (8.4m) | (12.2m) |
| USD | Q1, 2019 |
|---|---|
Revenue/Employee | 131.0k |
Debt/Equity | 1.1 x |
Debt/Assets | 0.4 x |
Financial Leverage | 2.6 x |
Applied Industrial Technologies Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Gibson Engineering | December 31, 2020 | $15.45 m |
| Advanced Control Solutions | October 05, 2020 | $17.87 m |
| Olympus Controls | August 21, 2019 | $36.64 m |
| MilRoc Distribution | March 04, 2019 | |
| Woodward Steel | March 04, 2019 | |
| Fluid Power Sales | November 02, 2018 | $8.07 m |
| FCX Performance | January 31, 2018 | $781.78 m |
| Diseños, Construcciones y Fabricaciones Hispanoamericanas | July 03, 2017 | $5.92 m |
| Sentinel Fluid Controls | March 03, 2017 | $3.76 m |
| Seals | June 14, 2016 | $65.9 m |
Applied Industrial Technologies Revenue Breakdown
Applied Industrial Technologies revenue breakdown by business segment: 68.0% from Service Center Based Distribution and 32.0% from Fluid Power & Flow Control
Applied Industrial Technologies revenue breakdown by geographic segment: 86.0% from United States, 7.9% from Canada and 6.1% from Other Countries
Applied Industrial Technologies Cybersecurity Score
Applied Industrial Technologies Environment, Social & Governance (ESG) Ratings
Applied Industrial Technologies Online and Social Media Presence
Applied Industrial Technologies's Trends
Twitter Engagement Stats for @applied_ind
1k
Tweets
103
Following
1.1k
Followers
16
Tweets last 30 days
0.4
Avg. likes per Tweet
37.5%
Tweets with engagement
Applied Industrial Technologies Company Culture
Overall Culture
A-
74/100
CEO Rating
B+
73/100
Compensation
C-
62/100
Applied Industrial Technologies News and Updates
March 26, 2019
Applied Industrial Technologies Names Ryan D. Cieslak Director of Investor Relations & Treasury
CLEVELAND, March 26, 2019 (GLOBE NEWSWIRE) -- Applied Industrial Technologies (NYSE: AIT) announced today that Ryan D. Cieslak has joined the Company as Director of Investor Relations & Treasury, responsible for further developing and coordinating the strategic direction of the Company’s inves…
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.
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 Neil Schrimsher, Kurt Loring and David Wells.
How many employees does Applied Industrial Technologies have?
Applied Industrial Technologies has 5,900 employees.
What is Applied Industrial Technologies revenue?
Latest Applied Industrial Technologies annual revenue is $3.2 b.
What is Applied Industrial Technologies revenue per employee?
Latest Applied Industrial Technologies revenue per employee is $548.5 k.
Who are Applied Industrial Technologies competitors?
Competitors of Applied Industrial Technologies include Ahlsell, Graybar and Fastenal.
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