MARKET COMPOSITE
AIT - Applied Industrial Technologies Inc.8:00:01 PM 4/26/2024
Price
$180.89
+ 1.95 (1.09%)
Applied Industrial Technologies, Inc. is a public, global company based in the U.S. and focused on the distribution of bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions[buzzword], and other industrial supplies. AIT provides engineering, design and system integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, fluid power, and flow control shop services. Joseph M. Bruening founded Applied Industrial Technologies, then called The Ohio Ball Bearing Company, in 1923. First year sales totaled $82,000. Over the next few decades, new branches opened and sales rose steadily.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue1.1B-2%
Gross Profit317.1MM-2%
Cost Of Revenue760.1MM-1%
Operating Income114.6MM-5%
Operating Expenses202.5MM-
Net Income91.2MM-3%
G&A202.5MM-1%
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