Applied Industrial Technologies, Inc. logo

Applied Industrial Technologies, Inc.

AIT

NYSEIndustrialsIndustrial - Distribution

Previous close

$341.62

+$1.28 · +0.38%

Aug 21, 4:00 PM ET

AIT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

57

Fair Value

Momentum

53

Neutral

Sentiment

59

Mixed

Risk resilience

77

Moderate Risk

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Company profile

Company website

Applied Industrial Technologies, Inc. (AIT) is a prominent distributor specializing in advanced solutions for industrial motion, power, control, and automation. Its operational footprint extends across North America, Australia, New Zealand, and Singapore. The company structures its operations into two main divisions: Service Center Based Distribution and Fluid Power & Flow Control. AIT's extensive product portfolio encompasses a wide range of industrial components and systems, including bearings, power transmission equipment, engineered fluid power systems, specialized flow control mechanisms, cutting-edge automation products, various industrial rubber items, linear motion components, and essential tools, safety gear, and oilfield provisions. Furthermore, it supplies motors, belting, drives, couplings, pumps, hydraulic and pneumatic parts, filtration products, valves, fittings, process instrumentation, actuators, and hoses, alongside other crucial supplies necessary for the general operational upkeep of customer machinery. Beyond product distribution, AIT offers robust service capabilities, including operating specialized fabricated rubber workshops and deploying field crews for the installation, modification, and repair of conveyor belts and rubber linings. The company also provides custom hose assemblies, comprehensive equipment repair, and valuable technical support services. Products are channeled to customers via an expansive network of strategically located service centers. Its diverse clientele spans numerous sectors such as agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery, life sciences, mining, oil and gas, primary metals, technology, transportation, utilities, and governmental bodies. Established in 1923 under its original name, Bearings, Inc., the company adopted its current moniker, Applied Industrial Technologies, Inc., in 1997. Its corporate headquarters are situated in Cleveland, Ohio.

Industry
Industrial - Distribution
Sector
Industrials
Headquarters
US
CEO
Neil A. Schrimsher
Listed since
Mar 17, 1980
Employees
6,900

Market position

Day range

Current $341.62

52-week range

Current $341.62

Open
$342.96
Previous close
$340.34
Volume
163.63K
0.6× average
Average volume
272.4K
Average daily volume
Market cap
12.63B USD
Beta
0.85
Market reference 1
50-day average
$339.36
+0.67% above average
200-day average
$292.82
+16.67% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
13B USD
P/E (TTM)
30.8×
P/B (TTM)
6.86×
P/S (TTM)
2.54×
EV / EBITDA
23.53×
Earnings yield
3.28%
Free cash flow yield
3.64%
Dividend yield
0.58%

Profitability & efficiency

Gross margin
30.34%
Operating margin
11.06%
Net margin
8.35%
Return on equity
22.27%
Return on assets
13.77%
Return on invested capital
17.08%

Financial health

Debt / equity
0.26×
Current ratio
2.58×
Altman Z-score
10.54
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%23%14%4%Gross margin, FY2022: 29.05%Gross margin, FY2023: 29.16%Gross margin, FY2024: 29.84%Gross margin, FY2025: 30.31%Gross margin, FY2026: 30.34%Operating margin, FY2022: 9.39%Operating margin, FY2023: 10.72%Operating margin, FY2024: 11.07%Operating margin, FY2025: 10.92%Operating margin, FY2026: 11.06%Net margin, FY2022: 6.76%Net margin, FY2023: 7.86%Net margin, FY2024: 8.61%Net margin, FY2025: 8.61%Net margin, FY2026: 8.35%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 29.05%. Gross margin FY2023 29.16%. Gross margin FY2024 29.84%. Gross margin FY2025 30.31%. Gross margin FY2026 30.34%. Operating margin FY2022 9.39%. Operating margin FY2023 10.72%. Operating margin FY2024 11.07%. Operating margin FY2025 10.92%. Operating margin FY2026 11.06%. Net margin FY2022 6.76%. Net margin FY2023 7.86%. Net margin FY2024 8.61%. Net margin FY2025 8.61%. Net margin FY2026 8.35%.

Income trends

Revenue

4.97B USD+8.84%

Operating income

549.47M USD+10.22%

Net income

414.53M USD+5.48%
Income trends across reported periods5.44B USD3.55B USD1.67B USD−213.51M USDRevenue, FY2022: 3.81B USDRevenue, FY2023: 4.41B USDRevenue, FY2024: 4.48B USDRevenue, FY2025: 4.56B USDRevenue, FY2026: 4.97B USDOperating income, FY2022: 357.86M USDOperating income, FY2023: 473.15M USDOperating income, FY2024: 495.82M USDOperating income, FY2025: 498.53M USDOperating income, FY2026: 549.47M USDNet income, FY2022: 257.41M USDNet income, FY2023: 346.74M USDNet income, FY2024: 385.76M USDNet income, FY2025: 392.99M USDNet income, FY2026: 414.53M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 3.81B USD. Revenue FY2023 4.41B USD. Revenue FY2024 4.48B USD. Revenue FY2025 4.56B USD. Revenue FY2026 4.97B USD. Operating income FY2022 357.86M USD. Operating income FY2023 473.15M USD. Operating income FY2024 495.82M USD. Operating income FY2025 498.53M USD. Operating income FY2026 549.47M USD. Net income FY2022 257.41M USD. Net income FY2023 346.74M USD. Net income FY2024 385.76M USD. Net income FY2025 392.99M USD. Net income FY2026 414.53M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue4.97B USD4.56B USD4.48B USD4.41B USD3.81B USD
Cost of goods sold3.46B USD3.18B USD3.14B USD3.13B USD2.7B USD
Gross profit1.51B USD1.38B USD1.34B USD1.29B USD1.11B USD
Selling, general, and administrative957.32M USD884.63M USD840.83M USD813.81M USD749.67M USD
Operating expenses957.32M USD884.63M USD840.83M USD813.81M USD749.06M USD
Interest income17.6M USD17.71M USD3.15M USD522K USD
Interest expense7.94M USD34.34M USD20.54M USD24.79M USD26.79M USD
Depreciation and amortization60.48M USD52.35M USD53.07M USD53.56M USD
Operating income549.47M USD498.53M USD495.82M USD473.15M USD357.86M USD
Net income414.53M USD392.99M USD385.76M USD346.74M USD257.41M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+5.56%
11 comparable reports
Latest EPS result
3.17
Estimate 2.92 · Beat by 8.56%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.32.92.492.09Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 2.39, estimate 2.22, surprise +7.66%, Beat. Q2 2025, reported May 1, 2025: actual 2.57, estimate 2.4, surprise +7.08%, Beat. Q3 2025, reported Aug 14, 2025: actual 2.8, estimate 2.63, surprise +6.46%, Beat. Q4 2025, reported Oct 28, 2025: actual 2.63, estimate 2.48, surprise +6.05%, Beat. Q1 2026, reported Jan 27, 2026: actual 2.51, estimate 2.48, surprise +1.21%, Beat. Q2 2026, reported Apr 28, 2026: actual 2.65, estimate 2.63, surprise +0.76%, Beat. Q3 2026, reported Aug 13, 2026: actual 3.17, estimate 2.92, surprise +8.56%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 2.84, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.41B1.28B1.15B1.02BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 1.07B USD, estimate 1.15B USD, surprise -6.76%, Miss. Q2 2025, reported May 1, 2025: actual 1.17B USD, estimate 1.18B USD, surprise -1.25%, Miss. Q3 2025, reported Aug 14, 2025: actual 1.22B USD, estimate 1.18B USD, surprise +3.50%, Beat. Q4 2025, reported Oct 28, 2025: actual 1.2B USD, estimate 1.19B USD, surprise +0.99%, Beat. Q1 2026, reported Jan 27, 2026: actual 1.16B USD, estimate 1.17B USD, surprise -0.76%, Miss. Q2 2026, reported Apr 28, 2026: actual 1.25B USD, estimate 1.23B USD, surprise +2.15%, Beat. Q3 2026, reported Aug 13, 2026: actual 1.35B USD, estimate 1.29B USD, surprise +4.65%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 1.29B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$402

17.67% upside
Past 12 months12-month forecastHigh $420Average $402Low $390

Rating distribution

17 ratings
Strong buy00%
Buy1165%
Hold635%
Sell00%
Strong sell00%

Recent analyst actions

8 institutions
DA DavidsonmaintainBuy

AIT news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.84

2025 complete year+39.4% since 2021

2026 partial: $1.53

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 14, 2026

$0.51

Quarterly

Record Aug 14, 2026 · Payment Aug 31, 2026

Dividend

Ex-dividend May 15, 2026

$0.51

Quarterly

Record May 15, 2026 · Payment May 29, 2026

Dividend

Ex-dividend Feb 13, 2026

$0.51

Quarterly

Record Feb 13, 2026 · Payment Feb 27, 2026

Dividend

Ex-dividend Nov 14, 2025

$0.46

Quarterly

Record Nov 14, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.46

Quarterly

Record Aug 15, 2025 · Payment Aug 29, 2025

Dividend

Ex-dividend May 15, 2025

$0.46

Quarterly

Record May 15, 2025 · Payment May 30, 2025

AIT peers

ETFs holding AIT

Funds reporting this stock among their holdings, ordered by reported position size.

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