Applied Industrial Technologies Overview

  • Year Founded
  • 1923

Year Founded

  • Status
  • Public

  • Employees
  • 6,350

Employees

  • Stock Symbol
  • AIT

Stock Symbol

  • Investments
  • 48

  • Share Price
  • $195.72
  • (As of Friday Closing)

Applied Industrial Technologies General Information

Description

Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. Fluid products include hydraulic, pneumatic, lubrication, and filtration systems and components. Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand.

Contact Information

Website
www.applied.com
Formerly Known As
Bearings, Inc, The Ohio Ball Bearing Company, Bearings Inc
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Distributors/Wholesale
Other Industries
Industrial Supplies and Parts
Stock Exchange
NYS
Corporate Office
  • 1 Applied Plaza
  • Cleveland, OH 44115
  • United States
+1 (877) 000-0000

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Applied Industrial Technologies Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$195.72 $195.56 $122.23 - $201.76 $7.56B 38.7M 390K $9.68

Applied Industrial Technologies Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 30-Jun-2023 FY 2022 30-Jun-2022 FY 2021 30-Jun-2021
EV 7,823,311 6,038,352 4,230,448 4,086,568
Revenue 4,476,805 4,412,794 3,810,676 3,235,919
EBITDA 539,887 524,521 409,608 262,799
Net Income 374,486 346,739 257,414 144,757
Total Assets 2,854,943 2,743,332 2,452,588 2,271,807
Total Debt 596,969 622,096 689,324 828,380
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Applied Industrial Technologies Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Applied Industrial Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations m
Distributors/Wholesale
Cleveland, OH
6,350 As of 2024
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Houston, TX
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Columbus, OH
0000 As of 0000
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Applied Industrial Technologies Competitors (22)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
DXP Enterprises Corporation Houston, TX 0000 00.000 000000000 00.000
FCX Performance Formerly PE-Backed Columbus, OH 0000 00000 000000&0 00000
Motion Industries Corporate Backed or Acquired Birmingham, AL 0000 000000&0
EIS Private Equity-Backed Atlanta, GA 0000 00000 00000000. 00 00000
Northern Tool + Equipment Corporation Burnsville, MN 0000 00000 000000000 00000
You’re viewing 5 of 22 competitors. Get the full list »

Applied Industrial Technologies Patents

Applied Industrial Technologies Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11156237-B2 Hydraulic braking emergency utilization for steering, braking, charging accumulator(s), and/or work functions to reduce or prevent engine from overspeed, assist acceleration and/or unlimited towing Active 08-Nov-2017 00000000 00
US-20210310502-A1 Hydraulic braking energy utilization for emergency steering, braking, charging accumulator(s), and/or work functions to reduce or prevent engine from overspeed, assist acceleration and/or unlimited towing Active 08-Nov-2017 00000000
US-20190136877-A1 Hydraulic braking emergency utilization for steering, braking, charging accumulators(s), and/or work functions to reduce or prevent engine from overspeed, assist acceleration and/or unlimited towing Active 08-Nov-2017 000000000 00
US-20230287907-A1 Hydraulic braking energy utilization for emergency steering, braking, charging accumulator(s), and/or work functions to reduce or prevent engine from overspeed, assist acceleration and/or unlimited towing Pending 08-Nov-2017 00000000 0
US-11674532-B2 Hydraulic braking energy utilization for emergency steering, braking, charging accumulator(s), and/or work functions to reduce or prevent engine from overspeed, assist acceleration and/or unlimited towing Active 08-Nov-2017 F15B11/08 00
To view Applied Industrial Technologies’s complete patent history, request access »

Applied Industrial Technologies Executive Team (22)

Name Title Board Seat Contact Info
Neil Schrimsher Chief Executive Officer, President & Board Member
David Wells Chief Financial Officer, Vice President, Treasurer, and Principal Accounting Officer
Warren Hoffner General Manager & Vice President
Ryan Cieslak Director, Investor Relations & Treasury
Chris Harris Director, Corporate Development
You’re viewing 5 of 22 executive team members. Get the full list »

Applied Industrial Technologies Board Members (12)

Name Representing Role Since
000 00000000000 Applied Industrial Technologies Board Member 000 0000
000 00000 Applied Industrial Technologies Board Member 000 0000
0000000 0000000 Self Independent Director & Board Member 000 0000
0000 0000 Self Board Member 000 0000
0000 0000000000 Applied Industrial Technologies Chief Executive Officer, President & Board Member 000 0000
You’re viewing 5 of 12 board members. Get the full list »

Applied Industrial Technologies Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Applied Industrial Technologies Acquisitions (48)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Kopar 01-May-2024 0000000000 Other Hardware 0000 0000
Bearing Distributors (North America) 01-Sep-2023 0000000000 0000 Distributors/Wholesale 0000 0000
Cangro Industries 01-Aug-2023 0000000000 00.000 Distributors/Wholesale 0000 0000
Advanced Motion Systems 31-Mar-2023 0000000000 000.00 Industrial Supplies and Parts 0000 0000
Automation 01-Nov-2022 Merger/Acquisition 000.00 Distributors/Wholesale 0000 0000
You’re viewing 5 of 48 acquisitions. Get the full list »

Applied Industrial Technologies Subsidiaries (23)

Company Name Industry Location Founded
Applied Industrial Technologies (Canada) Industrial Supplies and Parts Winnipeg, Canada 2008
Woodward Steel Distributors/Wholesale Woodward, OK 0000
Sentinel Fluid Controls Distributors/Wholesale Toledo, OH 0000
FCX Performance Distributors/Wholesale Columbus, OH 0000
Advanced Control Solutions Other Hardware Marietta, GA 0000
You’re viewing 5 of 23 subsidiaries. Get the full list »

Applied Industrial Technologies ESG

Risk Overview

Risk Rating

Updated April, 21, 2023

24.07 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.0

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,421

Rank

00.00

Percentile

Traders & Distributors

Industry

00 of 209

Rank

00.00

Percentile

Trading and Distribution

Subindustry

00 of 209

Rank

00.00

Percentile

To view Applied Industrial Technologies’s complete esg history, request access »

Applied Industrial Technologies Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
Fluid Power Resource 29-Aug-2008 000000000000000000 00000 Completed
  • 0000000 0000000000
To view Applied Industrial Technologies’s complete exits history, request access »

Applied Industrial Technologies FAQs

  • When was Applied Industrial Technologies founded?

    Applied Industrial Technologies was founded in 1923.

  • Who is the CEO of Applied Industrial Technologies?

    Neil Schrimsher is the CEO of Applied Industrial Technologies.

  • Where is Applied Industrial Technologies headquartered?

    Applied Industrial Technologies is headquartered in Cleveland, OH.

  • What is the size of Applied Industrial Technologies?

    Applied Industrial Technologies has 6,350 total employees.

  • What industry is Applied Industrial Technologies in?

    Applied Industrial Technologies’s primary industry is Distributors/Wholesale.

  • Is Applied Industrial Technologies a private or public company?

    Applied Industrial Technologies is a Public company.

  • What is Applied Industrial Technologies’s stock symbol?

    The ticker symbol for Applied Industrial Technologies is AIT.

  • What is the current stock price of Applied Industrial Technologies?

    As of 24-May-2024 the stock price of Applied Industrial Technologies is $195.72.

  • What is the current market cap of Applied Industrial Technologies?

    The current market capitalization of Applied Industrial Technologies is $7.56B.

  • What is Applied Industrial Technologies’s current revenue?

    The trailing twelve month revenue for Applied Industrial Technologies is $4.48B.

  • Who are Applied Industrial Technologies’s competitors?

    DXP Enterprises, FCX Performance, Motion Industries, EIS, and Northern Tool + Equipment are some of the 22 competitors of Applied Industrial Technologies.

  • What is Applied Industrial Technologies’s annual earnings per share (EPS)?

    Applied Industrial Technologies’s EPS for 12 months was $9.68.

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