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.
TypePublic
Founded1923
Websiteapplied.com
Employee Ratings3.5
Overall CultureA-

Latest Updates

Employees (est.) (Jun 2021)5,900(-9%)
Job Openings422
Revenue (FY, 2021)$3.2 B
Share Price (May 2022)$106.1(+3%)
Cybersecurity ratingBMore
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Key People/Management at Applied Industrial Technologies

Neil Schrimsher

Neil Schrimsher

President and Chief Executive Officer
Kurt Loring

Kurt Loring

Chief Human Resources Officer
David Wells

David Wells

Vice President, Chief Financial Officer, and Treasurer
Fred D. Bauer

Fred D. Bauer

Vice President, General Counsel, and Secretary
Ryan D. Cieslak

Ryan D. Cieslak

Director, Investor Relations & Treasury Applied Industrial Technologies
Southfield Mi

Southfield Mi

Account Executive at Applied Industrial Technologies
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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 $3.24 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
USDFY, 2019FY, 2020FY, 2021

Revenue

3.5b3.2b3.2b

Revenue growth, %

13%(7%)0%

Cost of goods sold

2.5b2.3b2.3b

Gross profit

1.0b937.7m935.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

864.5m840.0m885.4m856.4m833.4m830.8m747.8m751.3m840.9m

Cost of goods sold

612.7m597.2m629.9m604.9m592.1m594.0m532.0m541.8m593.7m

Gross profit

251.9m242.9m255.6m251.5m241.2m236.8m215.8m209.5m247.2m

Gross profit Margin, %

29%29%29%29%29%28%29%28%29%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

108.2m268.6m257.7m

Accounts Receivable

540.9m450.0m516.3m

Inventories

447.6m389.2m362.5m

Current Assets

1.1b1.2b1.2b
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

144.0m24.0m144.8m

Depreciation and Amortization

64.6m65.7m57.7m

Inventories

(16.6m)57.0m41.3m

Accounts Payable

(29.8m)(53.9m)10.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

48.9m87.7m104.2m38.8m76.8m(5.9m)34.8m29.5m85.5m

Depreciation and Amortization

16.6m33.2m48.7m15.6m32.7m49.9m15.1m29.9m43.8m

Cash From Operating Activities

11.8m65.6m77.2m50.0m104.9m169.6m81.8m159.4m203.4m

Purchases of PP&E

(3.2m)(7.1m)(11.7m)(4.9m)(12.0m)(16.2m)(3.6m)(8.4m)(12.2m)
USDQ1, 2019

Revenue/Employee

131.0k

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.6 x
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Applied Industrial Technologies Operating Metrics

FY, 2019FY, 2020FY, 2021

Fluid Power Sales and Service Facilities

600580568

SKUs Available

7 m7 m7.5 m
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Applied Industrial Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Gibson EngineeringDecember 31, 2020$15.45 m
Advanced Control SolutionsOctober 05, 2020$17.87 m
Olympus ControlsAugust 21, 2019$36.64 m
MilRoc DistributionMarch 04, 2019
Woodward SteelMarch 04, 2019
Fluid Power SalesNovember 02, 2018$8.07 m
FCX PerformanceJanuary 31, 2018$781.78 m
Diseños, Construcciones y Fabricaciones HispanoamericanasJuly 03, 2017$5.92 m
Sentinel Fluid ControlsMarch 03, 2017$3.76 m
SealsJune 14, 2016$65.9 m
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Applied Industrial Technologies Revenue Breakdown

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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

Cybersecurity ratingPremium dataset

B

85/100

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Applied Industrial Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Applied Industrial Technologies Online and Social Media Presence

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Applied Industrial Technologies Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    B+

    73/100

  • Compensation

    C-

    62/100

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Applied Industrial Technologies News and Updates

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…

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.

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.

Applied Industrial Technologies Acquires Fluid Power Sales

Strengthens Fluid Power Market Leadership Capabilities

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.

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.
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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 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.