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AIT

Applied Industrial Technologies, Inc.

AIT

Applied Industrial Technologies, Inc. • NYSE
$258.82 ▲ 0.58% (+1.50)
Market Cap $9.87 B
52w High $280.95
52w Low $199.96
Dividend Yield 1.84%
P/E 24.93
Volume 131.59K
Outstanding Shares 38.13M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $1.2B ▼ $232.399M ▼ $100.807M ▼ 8.404% ▼ $2.67 ▼ $146.267M ▼
Q4-2025 $1.225B ▲ $239.652M ▲ $107.836M ▲ 8.805% ▲ $2.84 ▲ $172.508M ▲
Q3-2025 $1.167B ▲ $225.888M ▲ $99.799M ▲ 8.554% ▼ $2.6 ▲ $146.203M ▲
Q2-2025 $1.073B ▼ $207.18M ▼ $93.29M ▲ 8.694% ▲ $2.43 ▲ $134.363M ▲
Q1-2025 $1.099B $211.91M $92.063M 8.377% $2.4 $126.696M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $418.716M ▲ $3.185B ▲ $1.302B ▼ $1.884B ▲
Q4-2025 $388.417M ▲ $3.176B ▲ $1.331B ▲ $1.845B ▲
Q3-2025 $352.842M ▲ $3.116B ▲ $1.288B ▲ $1.827B ▲
Q2-2025 $303.441M ▼ $3.045B ▲ $1.251B ▼ $1.794B ▲
Q1-2025 $538.52M $3.003B $1.251B $1.752B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $100.807M ▼ $119.317M ▼ $-9.546M ▲ $-78.565M ▲ $30.299M ▼ $112.016M ▼
Q4-2025 $107.836M ▲ $147.048M ▲ $-28.167M ▼ $-88.441M ▼ $35.575M ▼ $138.156M ▲
Q3-2025 $99.799M ▲ $122.453M ▲ $-7.619M ▲ $-66.057M ▼ $49.401M ▲ $114.904M ▲
Q2-2025 $93.29M ▲ $95.137M ▼ $-267.75M ▼ $-57.062M ▼ $-235.079M ▼ $89.94M ▼
Q1-2025 $92.063M $127.747M $-15.216M $-34.047M $77.903M $122.198M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Engineered Solutions Segment
Engineered Solutions Segment
 $350.00M ▲$410.00M ▲$500.00M ▲$430.00M ▼
Service Center Based Distribution Segment
Service Center Based Distribution Segment
 $720.00M ▲$760.00M ▲$0 ▼$780.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Applied Industrial Technologies shows a clear multi‑year pattern of rising sales and improving profitability. Revenue has grown steadily each year, and profits have risen faster than sales, which suggests better pricing, richer service mix, and solid cost control. Earnings per share have climbed strongly over the period, though growth looks to have leveled off more recently, with the latest year roughly flat versus the prior year. Overall, the income statement points to a mature, well‑run business that has already captured many efficiency gains but may now face a slower growth phase unless new drivers kick in.

Balance Sheet

Balance Sheet The balance sheet looks reasonably strong and steadily improving. Total assets and shareholders’ equity have grown each year, indicating that profits are being reinvested back into the business. Debt, while present, appears manageable relative to equity and has generally trended to a more comfortable level over time. Cash balances move around but remain healthy enough to provide flexibility for operations and acquisitions. In short, the company appears to be on solid financial footing rather than stretched.

Cash Flow

Cash Flow Cash generation is a notable strength. Operating cash flow has grown consistently and now comfortably covers capital spending, leading to solid and rising free cash flow. Investment needs are modest relative to the cash the business produces, which leaves room to fund acquisitions, reduce debt, and support shareholder returns. The key risk to watch is sensitivity to industrial cycles, but recent history shows strong cash resilience even as the company has grown.

Competitive Edge

Competitive Edge AIT’s edge comes from breadth, service, and relationships rather than unique products. Its large distribution network, local branches, and technical sales force make it hard for smaller rivals to match its reach and support. Deep, long‑standing customer and supplier relationships, plus one‑stop shopping for many industrial components, create switching frictions that help retain business. Strategic acquisitions have pushed the company into higher‑margin areas like fluid power and automation, widening its advantage. The moat is effective but not untouchable, as the company still faces competition from other big distributors and digital players.

Innovation and R&D

Innovation and R&D As a distributor, AIT’s “R&D” is really about solutions and technology enablement rather than inventing new hardware. The company is leaning into automation, robotics, motion control, and machine vision, aiming to be a partner in customers’ productivity and factory‑automation projects. It is also investing heavily in digital tools—e‑commerce, data analytics, inventory management, and predictive maintenance using IoT—to deepen customer integration and lock‑in. Engineered solutions and specialized shop services further move AIT up the value chain into higher‑margin, more technical work. The main execution risks are integrating acquisitions well and keeping digital offerings ahead of competitors.

Summary

Overall, Applied Industrial Technologies looks like a disciplined industrial solutions provider with a track record of steady growth, rising margins, and strong cash generation. Its balance sheet and cash flows provide room to keep investing in automation, digital capabilities, and bolt‑on acquisitions. The business benefits from a service‑heavy model, sticky customer relationships, and exposure to reshoring and industrial automation trends. Key things to monitor include the pace of growth now that earnings are at a higher base, the health of industrial demand, competitive pressure from large and online distributors, and the company’s continued success in scaling its automation and engineered solutions offerings.

NEWS

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October 28, 2025 · 6:30 AM UTC

Applied Industrial Technologies Reports Fiscal 2026 First Quarter Results

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October 8, 2025 · 10:30 AM UTC

Applied Industrial Technologies to Report Fiscal First Quarter Earnings and Conduct Conference Call on October 28, 2025

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