Applied Industrial Technologies Inc (N:AIT)

Business Focus: Industrial Machinery & Equipment Wholesale

Sector:  Industrials Industry:  Industrial Machinery & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: One Applied Plaza
CLEVELAND OH 44115-5056
Tel: 1-216-4264887
Website: https://www.applied.com
IR: See website
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Key People
Neil A. Schrimsher
President, Chief Executive Officer, Director
David K. Wells
Chief Financial Officer, Vice President, Treasurer
Kurt W. Loring
Chief Human Resource Officer, Vice President
Jon S. Ploetz
Vice President, General Counsel, Company Secretary
Warren E. Hoffner
Vice President, General Manager - Engineered Solutions
Jason W. Vasquez
Vice President - Sales and Marketing, U.S. Service Centers
Business Overview
Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Company's segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.
Financial Overview
For the nine months ended 31 March 2024, Applied Industrial Technologies Inc revenues increased 2% to $3.32B. Net income increased 11% to $282.3M. Revenues reflect Service Center Based Distribution segment increase of 26% to $2.27B, Engineered Solutions segment increase of 13% to $1.05B, United States segment increase of 3% to $2.92B. Net income benefited from Service Center Based Distribution segment income increase of 4% to $288.8M.
Employees: 6,350 as of Mar 31, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $7,758M as of Mar 31, 2024
Annual revenue (TTM): $4,477M as of Mar 31, 2024
EBITDA (TTM): $535.75M as of Mar 31, 2024
Net annual income (TTM): $374.49M as of Mar 31, 2024
Free cash flow (TTM): $353.94M as of Mar 31, 2024
Net Debt Last Fiscal Year: $140.44M as of Mar 31, 2024
Shares outstanding: 38,602,617 as of Apr 19, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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