Applied Industrial Technologies

254.10-3.93 (-1.52%)

Oct 29, 4:00:02 PM EDT · NYSE · AIT · USD

Upcoming Earnings

Report date

≈ Jan 28, 2026 (in 90 days)

EPS

2.73 (2.65 ~ 2.94)

Revenue

1.22B (1.21B ~ 1.25B)

Key Stats

Market Cap

9.58B

P/E (TTM)

24.46

Basic EPS (TTM)

10.39

Dividend Yield

0.01%

Recent Filings

8-K

Shareholders elect directors, approve pay

10/23/25Oct 23, 2025

Applied Industrial Technologies' shareholders convened on October 21, 2025, electing Mary Dean Hall, Joe A. Raver, and Richard J. Simoncic to three-year board terms amid 37.8 million eligible shares. The vote strongly backed executive compensation, with 31.4 million in favor versus under 800,000 against. Auditors Deloitte & Touche LLP were ratified overwhelmingly. Continuity prevails on the board.

10-K

FY2025 results

8/15/25Aug 15, 2025

Applied Industrial Technologies posted FY2025 sales of $4.6B, up 1.9% y/y, with acquisitions fueling 4.3% growth amid a 1.9% organic dip from subdued industrial demand. Engineered Solutions surged 8.9% on $181M from buys like Hydradyne, yet organic sales fell 3.8% due to mobile OEM weakness; Service Center slipped 1.4% organically on softer MRO spending. Gross margins expanded to 30.3% via acquisition mix and LIFO benefits, but operating margins edged to 10.9% as SD&A rose 5.2% from integration costs. Q4 momentum stabilized with steady capacity utilization, while cash from operations hit $492M, funding $294M in deals and $153M buybacks. Total debt stands at $572M with ample revolver room. Supply chain disruptions risk quarterly volatility.

8-K

Q4 sales beat expectations

8/14/25Aug 14, 2025

Applied Industrial Technologies capped fiscal 2025 with Q4 net sales of $1.2 billion, up 5.5% year-over-year, fueled by 6.5% from acquisitions but tempered by fewer selling days and currency headwinds; organic daily sales edged up 0.2%, thanks to Engineered Solutions strength. Full-year net income hit $393.0 million, or $10.12 per share, with record free cash flow of $465.2 million enabling robust capital deployment. Momentum persists. Fiscal 2026 guidance projects sales growth of 4% to 7% and EPS of $10.00 to $10.75, amid trade and rate uncertainties.

8-K

AIT extends securitization maturity

7/11/25Jul 11, 2025

Applied Industrial Technologies amended its $250M accounts receivable securitization facility on July 10, 2025, extending maturity from August 4, 2026, to July 10, 2028, while maintaining the same lenders and terms. This extension bolsters liquidity access for nearly two extra years, easing short-term funding pressures amid steady receivables growth. Yet, it locks in current rates longer. No fees disclosed beyond customary lender payments.

8-K

Q3 earnings beat; IRIS acquisition

5/1/25May 1, 2025

Applied Industrial Technologies reported fiscal 2025 Q3 net sales of $1.2 billion, up 1.8% year-over-year despite a 3.1% organic daily decline, with net income hitting $99.8 million or $2.57 per share and EBITDA rising 6.8% to $144.9 million. The company signed a deal to acquire IRIS Factory Automation, a Midwest provider of robotic solutions for material handling, closing this week to bolster its automation platform amid macro uncertainty from tariffs. It authorized a new 1.5 million share repurchase and updated full-year EPS guidance to $9.85-$10.00 on flat to 1% sales growth. Cash flow surged, yet demand weakness persists.

About

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 and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products; and motors, belting, drives, couplings, pumps, linear motion, hydraulic and pneumatic components, filtration supplies, hoses, and other related supplies. It also installs, modifies, and repairs conveyor belts and rubber linings, as well as hose assemblies. The Engineered Solutions segment is involved in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies; and provision of fluid power and industrial flow control products. Its fluid power products and solutions are used in off-highway mobile equipment, stationary industrial equipment and machines, marine and offshore equipment, factory automation, food processing equipment, packaging operations, and downstream energy process systems. This segment also offers pumps, valves, fittings, hoses, process instrumentation, actuators, and filtration supplies; and advanced automation technologies for the design, engineering, assembly, integration, and distribution of machine vision, collaborative robots, mobile robots, radio-frequency identification, industrial networking, motion control, and machine learning technologies for OEMs, machine builders, integrators, and other industrial and technology sectors. 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.

CEO

Mr. Neil A. Schrimsher

IPO

3/17/1980

Website

https://www.applied.com

Employees

6,800

Sector

Industrials

Industry

Industrial Distribution