$2.4 B

AIT Mkt cap, 04-Dec-2018

$864.5 M

Applied Industrial Technologies Revenue Q1, 2019
Applied Industrial Technologies Gross profit (Q1, 2019)251.9 M
Applied Industrial Technologies Gross profit margin (Q1, 2019), %29.1%
Applied Industrial Technologies Net income (Q1, 2019)48.9 M
Applied Industrial Technologies EBIT (Q1, 2019)66.3 M
Applied Industrial Technologies Cash, 30-Sep-201856.4 M
Applied Industrial Technologies EV3.3 B

Applied Industrial Technologies Revenue

Applied Industrial Technologies revenue was $3.07 b in FY, 2018 which is a 18.5% year over year increase from the previous period.

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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

Applied Industrial Technologies Income Statement

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

Gross profit Margin, %

(8029%)(8127%)28%28%29%

General and administrative expense

562.3m562.3m658.2m

Operating expense total

562.3m562.3m658.2m

EBIT

164.4m184.6m88.8m175.4m225.8m

EBIT margin, %

754%766%4%7%7%

Interest expense

900.0k8.1m9.0m8.8m24.1m

Interest income

651.0k252.0k241.0k290.0k657.0k

Pre tax profit

166.3m175.9m79.0m167.0m204.7m

Income tax expense

53.4m60.4m49.4m33.1m63.1m

Net Income

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

Quarterly

USDQ2, 2018Q3, 2018Q1, 2019

Revenue

1.3b2.2b864.5m

Cost of goods sold

967.1m1.6b612.7m

Gross profit

380.8m620.3m251.9m

Gross profit Margin, %

28%29%29%

EBIT

98.6m155.0m66.3m

EBIT margin, %

7%7%8%

Interest expense

4.3m12.5m10.5m

Pre tax profit

95.0m144.5m56.1m

Income tax expense

30.3m43.2m7.2m

Net Income

64.7m101.3m48.9m

Applied Industrial Technologies Balance Sheet

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

PP&E

121.3m

Goodwill

193.5m254.4m202.7m206.1m646.6m

Total Assets

1.3b1.4b1.3b1.4b2.3b

Accounts Payable

172.4m179.8m148.5m180.6m256.9m

Short-term debt

3.4m4.8m19.2m

Current Liabilities

291.0m310.1m274.4m309.8m432.6m

Long-term debt

168.0m317.6m325.0m286.8m944.5m

Total Debt

168.0m317.6m328.3m291.6m963.7m

Total Liabilities

654.6m642.3m1.5b

Common Stock

10.0m10.0m

Additional Paid-in Capital

157.0m160.1m162.5m164.7m169.4m

Retained Earnings

896.8m969.5m944.8m1.0b1.1b

Total Equity

741.3m657.9m815.0m

Debt to Equity Ratio

0.4 x0.5 x1.2 x

Debt to Assets Ratio

0.1 x0.2 x0.3 x0.4 x

Financial Leverage

1.9 x2 x2.8 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

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

Inventories

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

Current Assets

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

Goodwill

107.0m111.4m111.2m259.2m260.3m252.7m248.6m249.3m199.2m205.5m204.0m205.3m209.8m209.0m629.8m647.5m

Total Assets

1.1b1.1b1.1b1.5b1.5b1.5b1.4b1.4b1.3b1.3b1.3b1.3b1.4b1.4b2.3b2.3b

Accounts Payable

131.2m140.9m145.4m145.6m150.9m143.9m142.6m114.8m134.9m149.0m137.5m150.3m165.2m165.6m217.9m241.9m

Short-term debt

3.2m4.0m6.4m19.2m19.2m

Current Liabilities

225.6m250.9m268.2m272.0m271.7m269.1m258.3m221.4m252.5m264.3m237.2m270.6m280.3m271.6m370.0m394.2m

Long-term debt

321.4m346.6m387.0m351.3m363.6m367.8m301.8m323.9m317.4m285.2m306.6m1.0b953.2m

Total Debt

321.4m346.6m387.0m351.3m363.6m367.8m301.8m327.2m321.4m285.2m313.0m1.0b972.4m

Total Liabilities

275.5m300.7m315.6m678.2m698.8m729.8m666.1m642.8m677.5m619.0m613.1m640.8m611.2m626.6m1.5b1.4b

Additional Paid-in Capital

154.5m155.3m156.5m158.0m158.6m158.9m160.4m160.7m161.7m162.5m162.6m163.4m165.0m166.0m167.8m168.6m

Retained Earnings

915.5m934.8m952.4m983.1m996.4m940.7m972.2m985.3m1.0b1.1b1.1b1.1b1.2b

Total Equity

710.1m707.6m656.8m680.4m681.4m705.9m773.7m779.3m806.0m870.8m

Debt to Equity Ratio

0.5 x0.5 x0.6 x0.4 x0.5 x0.5 x0.4 x0.4 x1.3 x1.1 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x0.3 x0.3 x0.3 x0.2 x0.3 x0.2 x0.2 x0.2 x0.5 x0.4 x

Financial Leverage

1.9 x1.9 x2 x1.9 x1.9 x1.9 x1.8 x1.8 x2.8 x2.6 x

Applied Industrial Technologies Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

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

Depreciation and Amortization

16.0m15.3m17.8m

Accounts Receivable

(29.0m)26.4m(42.3m)(83.1m)

Inventories

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

Accounts Payable

21.4m(28.6m)32.1m50.3m

Cash From Operating Activities

110.1m(1.7m)162.0m164.6m147.3m

Purchases of PP&E

(13.1m)(17.0m)(23.2m)

Cash From Investing Activities

(75.0m)(16.9m)(797.9m)

Long-term Borrowings

(98.7m)(3.4m)(125.4m)

Dividends Paid

(40.4m)(43.3m)(44.6m)(45.9m)

Cash From Financing Activities

(93.0m)(103.3m)600.3m

Net Change in Cash

(9.6m)45.2m(50.9m)

Interest Paid

1.0m9.5m8.6m25.6m

Income Taxes Paid

51.5m54.7m38.8m41.7m

Quarterly

USDQ1, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

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

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

17.0m44.3m9.4m21.2m47.9m11.8m

Cash From Investing Activities

(1.4m)(23.1m)(11.1m)(15.9m)(795.3m)(3.1m)

Dividends Paid

(9.7m)(30.0m)(11.3m)(22.6m)(34.2m)(11.3m)

Cash From Financing Activities

(11.8m)(23.2m)(27.3m)(25.6m)684.9m(6.9m)

Applied Industrial Technologies Ratios

USDY, 2018

EV/EBIT

49.8 x

EV/CFO

280 x

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.6 x
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Applied Industrial Technologies Employee Rating

2.8143 votes
Culture & Values
2.5
Work/Life Balance
2.9
Senior Management
2.3
Salary & Benefits
2.7
Career Opportunities
2.4
Source