Last $48.93 USD
Change Today +0.21 / 0.43%
Volume 101.9K
AIT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

applied industrial tech inc (AIT) Snapshot

Open
$48.70
Previous Close
$48.72
Day High
$49.14
Day Low
$48.52
52 Week High
10/21/13 - $53.45
52 Week Low
11/13/13 - $45.62
Market Cap
2.0B
Average Volume 10 Days
187.8K
EPS TTM
$2.69
Shares Outstanding
41.8M
EX-Date
08/13/14
P/E TM
18.2x
Dividend
$1.00
Dividend Yield
2.00%
Current Stock Chart for APPLIED INDUSTRIAL TECH INC (AIT)

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applied industrial tech inc (AIT) Details

Applied Industrial Technologies, Inc. distributes industrial products for maintenance, repair, and operational needs, as well as original equipment manufacturing applications primarily in the United States, Canada, Australia, New Zealand, Mexico, and Puerto Rico. The company offers bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial supplies; and fluid power products, such as hydraulic, pneumatic, lubrication, and filtration components and systems. It also operates fabricated rubber shops, which modify and repair conveyor belts and make hose assemblies; and rubber service field crews to install and repair belts and rubber linings at customer locations. In addition, the company assembles fluid power systems and components; performs equipment repair; offers technical advice to customers; and provides maintenance training, and inventory and storeroom management solutions. It serves various industries, including agriculture and food processing, automotive, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, mining, primary metals, transportation, and utilities, as well as to government entities. The company offers industrial products through a network of service centers; and fluid power products directly to customers. Applied Industrial Technologies, Inc. was founded in 1923 and is headquartered in Cleveland, Ohio.

5,700 Employees
Last Reported Date: 08/13/14
Founded in 1923

applied industrial tech inc (AIT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $770.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $438.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $365.7K
Vice President of Acquisitions & Global Busin...
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2013.

applied industrial tech inc (AIT) Key Developments

Applied Industrial Technologies, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Applied Industrial Technologies, Inc. announced consolidated earnings results for the fourth quarter and year ended June 30, 2014. For the quarter, the company's net sales were $654.6 million compared with $640.5 million a year ago. Operating income was $44.8 million compared with $48.0 million a year ago. Income before income taxes was $44.9 million compared with $47.5 million a year ago. Net income was $29.7 million or $0.71 per diluted share compared with $32.3 million or $0.76 per diluted share a year ago. For the year, the company's net sales were $2,459.9 million compared with $2,462.2 million a year ago. Operating income was $164.4 million compared with $176.4 million a year ago. Income before income taxes was $166.3 million compared with $177.7 million a year ago. Net income was $112.8 million or $2.67 per diluted share compared with $118.1 million or $2.78 per diluted share a year ago. Cash provided by operating activities was $110.1 million compared with $111.4 million a year ago. Property purchases was $20.2 million compared with $12.2 million a year ago. For fiscal 2015, the company is forecasting a sales increase of 13% to 16% and earnings per share in the range of $2.95 to $3.20 per share. Included in these numbers are its recent acquisitions which will provide a 10% sales increase in fiscal 2015, along with an expected EPS boost of $0.17 to $0.22 per share. The company expected tax rate to return to around the 34.5% to 35.0% range.

AIT Eyes Acquisitions

Applied Industrial Technologies, Inc. (NYSE:AIT) is looking for acquisition opportunities. Neil A. Schrimsher, President and Chief Executive Officer of AIT, said, "Overall, the new fiscal year includes many opportunities to accelerate our growth and profitability - organically, via continued acquisition activity, and through our investments in technology and talent. We have a strong foundation, expanding capabilities, and a straightforward strategic plan to execute, and we are energized about the year ahead."

Applied Industrial Technologies, Inc. to Report Q4, 2014 Results on Aug 13, 2014

Applied Industrial Technologies, Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Aug 13, 2014

 

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Industry Analysis

AIT

Industry Average

Valuation AIT Industry Range
Price/Earnings 18.3x
Price/Sales 0.8x
Price/Book 2.5x
Price/Cash Flow 18.0x
TEV/Sales 0.7x
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