Craft

Applied Industrial Technologies

Stock Price

$186

2024-05-03

Market Capitalization

$7.2 B

2024-05-03

Revenue

$4.4 B

FY, 2023

Applied Industrial Technologies Summary

Company Summary

Overview
Applied Industrial Technologies is a company that distributes industrial motion, power, control, and automation technologies. It operates through two segments: Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment offers products and services that address the maintenance and repair of motion control infrastructure and production equipment including industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, hoses, etc. The Engineered Solutions segment specializes in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies as well as engineered flow control products and services. The company serves the aggregate, chemicals and petrochemicals, food and beverage, forestry products, government, metals, pulp and paper, upstream oil and gas, and automotive industries.
Type
Public
Status
Active
Founded
1923
HQ
Cleveland, OH, US | view all locations
Website
https://www.applied.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Neil A. Schrimsher

    Neil A. Schrimsher, President & Chief Executive Officer

    • Kurt W. Loring

      Kurt W. Loring, Vice President & Chief Human Resources Officer

    • David K. Wells

      David K. Wells, Vice President, Chief Financial Officer, Treasurer, & Principal Accounting Officer

    • Jon S. Ploetz

      Jon S. Ploetz, Vice President, General Counsel, & Secretary

    Operating MetricsView all

    Fluid Power Sales and Service Facilities

    580
    2.1%

    FY, 2023

    SKUs Available

    8.8M
    3.5%

    FY, 2023

    Company-owned Locations

    113

    FY, 2023

    LocationsView all

    42 locations detected

    • Cleveland, OH HQ

      United States

      One Applied Plaza

    • Commerce, CA

      United States

      3424 Garfield Ave

    • Albury, NSW

      Australia

      443 Townsend St

    • Archerfield, QLD

      Australia

      282 Beatty Rd

    • Berrimah, NT

      Australia

      Applied Fluid Systems & Branch, 101 Pruen Road

    • Brooklyn, VIC

      Australia

      755 Geelong Rd

    and 36 others

    Applied Industrial Technologies Financials

    Summary Financials

    Revenue (Q3, 2024)
    $1.1B
    Gross profit (Q3, 2024)
    $338.2M
    Net income (Q3, 2024)
    $97.2M
    Cash (Q3, 2024)
    $456.5M
    EBIT (Q3, 2024)
    $121.2M
    Enterprise value
    $7.3B

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