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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
$9.80B
P/E (TTM)
24.2
24.6
Dividend Yield
0.7%
52W High
$296.70
52W Low
$199.96
52W Range
62%
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

Q2 2026 Data

Revenue

$1.16B+8.39%
4-Quarter Trend

EPS

$2.54+4.53%
4-Quarter Trend

FCF

$91.77M+2.04%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Sales Growth Strong Acquisition Mix Six-month net sales reached $2.36B USD, growing 8.8% driven by $133.0M from acquisitions.
Net Income Rises Six-month net income totaled $196.16M USD, marking a 5.8% increase over the prior period.
Diluted EPS Improvement Diluted EPS was $5.14 USD for six months, reflecting an 8.0% increase compared to last year.
Strong Balance Sheet Liquidity Working capital stands at $1.27B USD at period end; current ratio improved to 3.7 to 1.

Risk Factors

Operating Margin Compression Q3 Operating margin fell to 10.6% from 11.3% due to higher compensation costs and LIFO expense.
Interest Rate Swap Maturity Interest rate swap matures January 2026; future quarterly interest expense may increase by $3.5M USD.
Accounts Receivable Aging Accounts receivable past due over 90 days increased to 3.5% from 2.1% at June 30, 2025.
Lower Operating Cash Flow Cash provided by operating activities decreased to $219.0M USD for six months versus $222.9M prior.

Outlook

Aggressive Share Repurchase Used $143.4M USD in six months to repurchase 550,636 common shares under existing authorization.
New Credit Facility Secured New $900.0M unsecured revolving credit facility established in October 2025 for acquisitions and working capital.
Evaluating New Tax Guidance Evaluating impact of recent FASB updates on disclosures, including ASU 2025-05 regarding credit losses.
Recent Strategic Acquisitions Completed IRIS acquisition in May 2025 for $14.7M USD, included in Engineered Solutions segment.

Peer Comparison

Revenue (TTM)

WCC stock ticker logoWCC
$23.50B
+7.7%
ARMK stock ticker logoARMK
$18.79B
+7.1%
CNM stock ticker logoCNM
$7.76B
+8.1%

Gross Margin (Latest Quarter)

WTS stock ticker logoWTS
49.5%
+1.5pp
AOS stock ticker logoAOS
38.4%
+1.3pp
RRX stock ticker logoRRX
37.5%
-0.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WCC$12.54B19.913.0%45.4%
RRX$12.48B44.64.2%36.3%
DRS$12.21B43.810.5%10.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.1%
Flat Growth
4Q Net Income CAGR
-1.5%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 23, 2026
|
EPS:$2.66
|
Revenue:$1.23B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data