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Last $39.68 USD
Change Today -0.12 / -0.30%
Volume 234.0K
AIT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

applied industrial tech inc (AIT) Snapshot

Open
$39.93
Previous Close
$39.80
Day High
$40.18
Day Low
$39.55
52 Week High
07/7/14 - $52.62
52 Week Low
06/30/15 - $39.54
Market Cap
1.6B
Average Volume 10 Days
346.8K
EPS TTM
$2.83
Shares Outstanding
40.2M
EX-Date
08/12/15
P/E TM
14.0x
Dividend
$1.08
Dividend Yield
2.62%
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 for original equipment manufacturing applications primarily in the United States, Canada, Mexico, Australia, and New Zealand. It operates through Service Center Based Distribution and Fluid Power Businesses segments. The company offers bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial and maintenance 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, oil and gas, primary metals, transportation, and utilities, as well as 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.

5,907 Employees
Last Reported Date: 05/4/15
Founded in 1923

applied industrial tech inc (AIT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $795.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $438.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $376.7K
Vice President of Acquisitions & Global Busin...
Total Annual Compensation: $320.0K
Compensation as of Fiscal Year 2014.

applied industrial tech inc (AIT) Key Developments

Applied Industrial Technologies Declares Quarterly Cash Dividend, Payable on August 31, 2015

Applied Industrial Technologies announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.27 per common share, payable on August 31, 2015, to shareholders of record on August 14, 2015.

Applied Industrial Technologies, Inc. Declares Quarterly Cash Dividend, Payable on May 29, 2015

Applied Industrial Technologies, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.27 per common share. The dividend is payable on May 29, 2015, to shareholders of record on May 15, 2015.

Applied Industrial Technologies, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Revises Earnings Guidance for the Fiscal 2015

Applied Industrial Technologies, Inc. reported consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net sales of $679,994,000 against $618,006,000 for the same period in the last year. Operating income was $43,772,000 against $40,173,000 for the same period in the last year. Income before income taxes was $42,538,000 against $40,572,000 for the same period in the last year. Net income was $28,610,000 or $0.70 per diluted share against $30,394,000 or $0.72 per diluted share for the same period in the last year. Cash generated from operating activities was $38.1 million for the third quarter compared to $11.7 million in the prior year third quarter. For the nine months, the company reported net sales of $2,074,021,000 against $1,805,260,000 for the same period in the last year. Operating income was $136,744,000 against $119,549,000 for the same period in the last year. Income before income taxes was $131,269,000 against $121,400,000 for the same period in the last year. Net income was $87,439,000 or $2.11 per diluted share against $83,147,000 or $1.96 per diluted share for the same period in the last year. Net cash provided by operating activities was $39,312,000 against $44,326,000 for the same period in the last year. Property purchases were $11,009,000 against $6,492,000 for the same period in the last year. The company revised fiscal 2015 full-year guidance range for earnings per share to between $2.80 and $2.95 per share, on a sales increase of 11.5% to 13%. The company expects fiscal 2015 cash provided from operating activities to be greater than annual net income amount. The company expects tax rate for the remaining quarter of fiscal 2015 will be in the range of 33.8% to 34.3%.

 

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AIT

Industry Average

Valuation AIT Industry Range
Price/Earnings 14.1x
Price/Sales 0.6x
Price/Book 2.2x
Price/Cash Flow 12.1x
TEV/Sales 0.4x
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