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Applied Industrial Technologies Inc. - Company Profile

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Applied Industrial Technologies Inc. - Overview

Description
Applied Industrial Technologies Inc. is a public company headquartered in Ohio with an estimated 5,900 employees. In the US, the company has a notable market share in at least five industries: Fluid Power Equipment Distributors, Online Industrial Supplies Sales, Industrial Machinery & Equipment Wholesaling, Valve Manufacturing and Power Tools & Other General Purpose Machinery Manufacturing. Their largest market share is in the Fluid Power Equipment Distributors industry, where they account for an estimated 4.6% of total industry revenue and are considered an Incumbent because they display strong market share, but lower profit and revenue growth than some of their peers.
Company Details

Registered Name: Applied Industrial Technologies Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: One Applied Plaza Cleveland OH 44115-5056

Employees: 5900

Applied Industrial Technologies Inc. - Operating Industries and Main Competitors

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Applied Industrial Technologies Inc. - Products and Services

  • Power Tools & Other General Purpose Machinery Manufacturing in the US

  • Of the 6 core revenue-generating products and services in the Power Tools & Other General Purpose Machinery Manufacturing in the US industry, Applied Industrial Technologies Inc. offers:
    • All other general-purpose machinery
    • Fluid-power cylinders, pumps, motors and actuators
    • Packaging machinery
    • AAAAA AAAAA
  • Valve Manufacturing in the US

  • Of the 4 core revenue-generating products and services in the Valve Manufacturing in the US industry, Applied Industrial Technologies Inc. offers:
    • Fluid power valves and hose fittings and accessories
    • Industrial valves
    • Plumbing fixture valves, fittings and trim
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Applied Industrial Technologies Inc. - Analyst Insights

Apex takes on acquisition strategy to scale its automated offerings business

In August 2021, Applied Industrial Technologies acquired Illinois-based R.R. Foody Company, expanding the company’s automation offering. The purchase marks the company’s fourth acquisition to its automation business in a two-year period. In January 2021, the company acquired Gibson Engineering Company, Inc. (Gibson), which extended the company’s offerings in the automation technology space. The acquisitions align with the company’s strategy to scale its automation position early in its 2022 fiscal year.

M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Applied Industrial Technologies Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Applied Industrial Technologies Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Industrial Machinery & Equipment Wholesaling in the US, Power Tools & Other General Purpose Machinery Manufacturing in the US, and Valve Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Applied Industrial Technologies Inc. - Financial Statements & Ratios

pie_chartApplied Industrial Technologies Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue3,235.93,245.73,472.73,073.32,593.721.5
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartApplied Industrial Technologies Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents154.8288.8128.179.885.362.9
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartApplied Industrial Technologies Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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