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Applied Industrial Technologies, Inc.
AIT · NYSEIndustrials
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
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Company details
Market cap
$12.2B
P/E ratio
31×
Div yield
0.6%
EPS (TTM)
$10.58
Profit margin
8.3%
Rev. growth
+1.9%
Revenue
$4.6B
Free cash flow
~$360M
In plain English
Applied never manufactures anything — it is North America's largest industrial-parts distributor. It buys bearings, power transmission, fluid power, flow control and automation from ~4,000 manufacturers and resells and services them to 300,000+ MRO and OEM customers through a network of 600+ service centers. Margins are thin by design (~30% gross, ~8% net), but the model throws off cash it recycles into buybacks, a 15-year-growing dividend, and a steady stream of bolt-on acquisitions.
In simple terms
What Applied Industrial Technologies, Inc. really sells
Applied never manufactures anything — it is North America's largest industrial-parts distributor. It buys bearings, power transmission, fluid power, flow control and automation from ~4,000 manufacturers and resells and services them to 300,000+ MRO and OEM customers through a network of 600+ service centers. Margins are thin by design (~30% gross, ~8% net), but the model throws off cash it recycles into buybacks, a 15-year-growing dividend, and a steady stream of bolt-on acquisitions.
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Risk read
SteadierMore speculative
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