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Applied Industrial Technologies

OverviewSuggest Edit

Applied Industrial Technologies is a company that 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
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Latest Updates

Employees (est.) (Sept 2019)6,750(+2%)
Job Openings174
Revenue (FY, 2019)$3.5 B(+13%)
Share Price (Dec 2019)$64.9 (+2%)

Key People/Management at Applied Industrial Technologies

Neil Schrimsher

Neil Schrimsher

President & Chief Executive Officer
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, Augusta, Franklin Township, Madison and in 3 other locations
Cleveland, US (HQ)
1 Applied Way
Augusta, US
1719 Marvin Griffin Rd
Franklin Township, US
24 Worlds Fair Dr, Somerset
Madison, US
2554 Advance Rd
Memphis, US
7 E E.H.Crump Blvd
Salt Lake City, US
1971 S 4490 W STE C
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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 $3.47 b in FY, 2019 which is a 13% increase from the previous period.
USD

Revenue (Q1, 2020)

856.4m

Gross profit (Q1, 2020)

251.5m

Gross profit margin (Q1, 2020), %

29.4%

Net income (Q1, 2020)

38.8m

EBIT (Q1, 2020)

61.2m

Market capitalization (11-Dec-2019)

2.5b

Closing stock price (11-Dec-2019)

64.9

Cash (30-Sept-2019)

98.2m

EV

3.3b
Applied Industrial Technologies's current market capitalization is $2.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

2.6b3.1b3.5b

Revenue growth, %

3%18%13%

Cost of goods sold

1.9b2.2b2.5b

Gross profit

737.7m884.0m1.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

680.7m667.2m827.7m864.5m840.0m885.4m856.4m

Cost of goods sold

488.3m478.8m588.1m612.7m597.2m629.9m604.9m

Gross profit

192.4m188.4m239.5m251.9m242.9m255.6m251.5m

Gross profit Margin, %

28%28%29%29%29%29%29%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

105.1m54.2m108.2m

Accounts Receivable

390.9m548.8m540.9m

Inventories

345.1m422.1m447.6m

Current Assets

882.5m1.1b1.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

77.8m85.3m43.5m56.4m79.8m47.4m98.2m

Accounts Receivable

405.6k393.7m533.5m565.5m512.0m574.5m529.3m

Prepaid Expenses

52.2m

Inventories

365.0m386.9m432.4m431.7m445.9m454.6m465.2m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

133.9m141.6m144.0m

Depreciation and Amortization

15.3m17.8m20.2m

Inventories

(3.6m)(33.4m)(16.6m)

Accounts Payable

32.1m50.3m(29.8m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

33.7m64.7m101.3m48.9m87.7m104.2m38.8m

Depreciation and Amortization

3.9m8.0m12.7m5.0m10.0m15.0m5.2m

Cash From Operating Activities

9.4m21.2m47.9m11.8m65.6m77.2m50.0m

Purchases of PP&E

(6.3m)(11.5m)(17.9m)(3.2m)(7.1m)(11.7m)(4.9m)
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USDY, 2019

EV/EBIT

54.3 x

EV/CFO

66.4 x

Revenue/Employee

126.9k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.6 x
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Applied Industrial Technologies Operating Metrics

FY, 2019

Channels

5

Distribution Centers

4

Fluid Power Sales and Service Facilities

70

SKUs Available

250 k
Show all operating metrics

Applied Industrial Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AIT Canada, ULC
AIT Holding Corp.
AIT International Inc.
AIT Receivables LLC
Applied Australia Holdings Pty Ltd.
Applied Canada Holdings, ULC
Applied Industrial Technologies - CA LLC
Applied Industrial Technologies Canada, ULC
Applied Industrial Technologies - Capital, Inc.
Applied Industrial Technologies - Dixie, Inc.
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Applied Industrial Technologies Revenue Breakdown

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Applied Industrial Technologies revenue breakdown by business segment: 29.4% from Fluid Power and 70.6% from Industrial

Applied Industrial Technologies revenue breakdown by geographic segment: 86.9% from United States, 5.3% from Other Countries and 7.8% from Canada

Applied Industrial Technologies Online and Social Media Presence

Applied Industrial Technologies's Trends

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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.
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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, Rob Onorato and David Wells.

  • How many employees does Applied Industrial Technologies have?

    Applied Industrial Technologies has 6,750 employees.

  • What is Applied Industrial Technologies revenue?

    Latest Applied Industrial Technologies annual revenue is $3.5 b.

  • What is Applied Industrial Technologies revenue per employee?

    Latest Applied Industrial Technologies revenue per employee is $514.5 k.

  • Who are Applied Industrial Technologies competitors?

    Competitors of Applied Industrial Technologies include Fastenal, W.W. Grainger and DistributionNOW.

  • Where is Applied Industrial Technologies headquarters?

    Applied Industrial Technologies headquarters is located at 1 Applied Way, Cleveland.

  • Where are Applied Industrial Technologies offices?

    Applied Industrial Technologies has offices in Cleveland, Augusta, Franklin Township, Madison and in 3 other locations.

  • How many offices does Applied Industrial Technologies have?

    Applied Industrial Technologies has 7 offices.