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Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc.

NYSE•AIT
CEO: Mr. Neil A. Schrimsher
Sector: Industrials
Industry: Industrial - Distribution
Listing Date: 1980-03-17
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.
Contact Information
1 Applied Plaza, Cleveland, OH, 44115, United States
216-426-4000
www.applied.com
Market Cap
$10.62B
P/E (TTM)
26.4
25.3
Dividend Yield
0.7%
52W High
$284.76
52W Low
$199.96
52W Range
96%
Rank15Top 3.1%
6.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$1.20B+9.15%
4-Quarter Trend

EPS

$2.67+11.25%
4-Quarter Trend

FCF

$112.02M-8.33%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Quarterly Sales Growth Strong Net sales totaled $1.20B, up $100.6M (9.2%) versus prior year, boosted by $69.7M from recent acquisitions.
Net Income Rises 9.5% Net income was $100.8M, reflecting a 9.5% increase compared to the prior period, showing strong bottom-line performance.
Operating Margin Expansion Noted Operating income grew 14.0% to $129.0M; gross profit margin improved 50 basis points to 30.1% for the quarter.
Acquisitions Boost Revenue Acquisitions contributed $69.7M (6.3%) to sales growth this quarter; Engineered Solutions saw 19.4% segment sales increase.

Risk Factors

Economic Activity Indicators Mixed ISM PMI registered 49.1 in September 2025; performance correlates with MCU, which declined slightly since June 2025.
Supply Chain Availability Risks Risks include supply chain strains, inability of suppliers to perform, and changes in customer procurement policies and practices.
Integration of Recent Acquisitions Management must effectively integrate Hydradyne and IRIS acquisitions to realize anticipated benefits and manage working capital adjustments.
Interest Rate Swap Fair Value Interest rate cash flow hedge fair value decreased to $2.97M, included in assets, reflecting SOFR index movements.

Outlook

Liquidity Remains Sufficient Cash flow from operations, plus available credit, expected to cover working capital, dividends, debt service, and acquisitions needs.
Debt Levels Unchanged Total debt remained stable at $572.3M across revolving credit and AR securitization facilities as of September 30, 2025.
Future Tax Rate Expected Effective tax rate for Q3 was 21.6%; full year fiscal 2026 tax rate expected to be in the 23.0% to 24.0% range.
Share Repurchase Authorization Board authorized repurchase of up to 1,095,864 shares; $53.2M used repurchasing 204,136 shares this quarter.

Peer Comparison

Revenue (TTM)

WESCO International, Inc.WCC
$22.93B
+5.2%
Core & Main, Inc.CNM
$7.76B
+8.1%
Parsons CorporationPSN
$6.49B
-0.2%

Gross Margin (Latest Quarter)

Watts Water Technologies, Inc.WTS
48.8%
+1.5pp
A. O. Smith CorporationAOS
38.7%
+1.3pp
Regal Rexnord CorporationRRX
37.0%
-0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WCC$13.70B21.613.2%39.4%
DCI$11.76B30.825.6%22.3%
CNM$11.04B25.623.8%38.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.8%
Moderate Growth
4Q Net Income CAGR
2.6%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 27, 2026
|
EPS:$2.49
|
Revenue:$1.17B
Reports
All Years
  • Form 10-Q - Q1 2026

    Period End: Sep 30, 2025|Filed: Oct 28, 2025|
    Revenue: $1.20B+9.2%
    |
    EPS: $2.67+11.3%
    Beat
  • Form 10-K - FY 2025

    Period End: Jun 30, 2025|Filed: Aug 15, 2025|
    Revenue: $4.56B+1.9%
    |
    EPS: $10.26+2.8%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $1.17B+1.8%
    |
    EPS: $2.60+3.6%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Dec 31, 2024|Filed: Jan 29, 2025|
    Revenue: $1.07B-0.4%
    |
    EPS: $2.43+3.4%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Sep 30, 2024|Filed: Oct 25, 2024|
    Revenue: $1.10B+0.3%
    |
    EPS: $2.40-0.8%
    Beat
  • Form 10-K/A - FY 2024

    Period End: Jun 30, 2024|Filed: Sep 10, 2024|
    Revenue: $4.48B+1.5%
    |
    EPS: $9.98+11.1%
    Beat
  • Form 10-K - FY 2024

    Period End: Jun 30, 2024|Filed: Aug 16, 2024|Refer to amended data
  • Form 10-Q - Q3 2024

    Period End: Mar 31, 2024|Filed: Apr 26, 2024|
    Revenue: $1.15B+1.3%
    |
    EPS: $2.51-0.4%
    Beat