Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc.

Applied Industrial Technologies, Inc.

Overview
Date Founded

1923

Headquarters

1 Applied Plaza,Cleveland, OH 44115-5000

Type of Company

Public

Employees (Worldwide)

5,947

Industries

Wholesale: Industrial Products & Manufacturing
Wholesale: Consumer Durables
Industrial Machinery & Manufacturing
Computer Software
Appliances & Electronics

Company Description

Applied® (NYSE: AIT) is one of North America’s largest industrial distributors of bearings, power transmission components, hydraulic components and systems, pneumatic components and systems, industrial rubber products, linear components, tools, safety products, general maintenance and a variety of material handling products. We also provide customized mechanical, fabricated rubber and fluid power shop services, as well as services to meet storeroom management and maintenance training needs. As one of North America's largest industrial distributors, Applied is a vital link between a full scope of suppliers' capabilities and a broad range of customers' needs. We excel in the areas of product selection and application, system-wide logistics and engineered systems. We understand that partnering with the right industrial distributor is critical to your bottom line. Applied works closely with our customers to understand their needs and processes, and we use that knowledge to provide custom-fit products and services. The Applied network of more than 400 service center locations, 5,000 employee-associates, nine strategic distribution centers, and more than 40 specialty repair and rebuild shops ensures that the products and support you need are always close by. With locations throughout the U.S., Puerto Rico, Mexico, Canada, Australia and New Zealand, product, expertise and support are never far away. And while we may be national, our thinking is local, with knowledge of local markets and local companies. We are a familiar face in hometowns just like yours, supporting the communities in which we live. Our business partners appreciate and acknowledge our pursuit of providing the best service to our customers. Our success is measured by quality recognition awards from customers, suppliers, leading publications and governmental agencies alike

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer, Treasurer & Vice President

Vice President, Chief Financial Officer & Treasurer

Vice President & General Counsel

Vice President & Chief Human Resources Officer

Vice President & General Manager, Fluid Power & Flow Control

Corporate Controller & Principal Accounting Officer

Assistant Controller

Assistant Treasurer

Vice President-Sales

Board of Directors

Former President, Chief Executive Officer & Director at Robbins & Myers, Inc.

Former Auditor at PricewaterhouseCoopers LLP

Director, President & Chief Executive Officer at Applied Industrial Technologies, Inc.

Executive Vice President & Chief Financial Officer at Ingevity Corp.

Chief Executive Officer & President at Watts Water Technologies, Inc.

President & Chief Executive Officer at Hillenbrand, Inc.

Chief Digital & Information Officer, Senior Vice President at Jacobs Engineering Group, Inc.

Executive Vice President at NCR Pension Fund

Former President & Chief Executive Officer at Aviall, Inc.

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Owners & Shareholders
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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm’s strategies primarily invest in US listed companies and are a long only in stocks that they believe, based on its analysis, are undervalued. FTAM’s investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, behavioral mid-cap value, micro-cap, behavioral unconstrained equity, behavioral small-mid core equity, and behavioral all-cap equity.

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CRM employs a long-term, relative value-oriented investment approach that seeks to outperform the broad market and pertinent indices over a full market cycle by participating in good market periods and limiting declines in poor periods. Their strategy is designed to recognize and respond to changes that may positively impact the future prospects of a business enterprise. The firm seeks to invest in companies which are trading at a discount to their own history and peers based on prospective free cash flow and earnings. While the portfolios managers have ultimate responsibility for buy/sell decisions and portfolio construction, they rely heavily on input from the entire team of analysts.

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BTW and its parent company share methods of analysis, investment research, strategies, Committee framework, and investment controls in formulating investment strategies. Across all strategies, the firm seeks to invest in a well-diversified set of companies meeting three standards: higher than average financial quality, sustainable business models, and reasonable valuation. Investment Committees determine asset allocation policy, sector allocation policy, and fixed income policy which reflects judgments balancing macroeconomic inputs and valuation.

Recent Transactions
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Applied Industrial Technologies, Inc. purchases Gibson Engineering Co., Inc.

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Applied Industrial Technologies, Inc. purchases FCX Performance, Inc. from Harvest Partners LP, Sterling Investment Partners Advisers LLC

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Applied Industrial Technologies, Inc. purchases Diseño Construcciones y Fabricaciones Hispanoamericanas SA

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onApplied Industrial Technologies, Inc. purchases Fluid Power Resource LLC

Accountant

Advised onApplied Industrial Technologies, Inc., Applied Industrial Technologies Canada ULC purchase Groupe GLM, Inc.

Legal Advisor

Advised onApplied Industrial Technologies, Inc. purchases Reliance Industrial Products Ltd.

Legal Advisor

Advised onApplied Industrial Technologies, Inc. purchases Fluid Power Resource LLC

Legal Advisor

Advised onApplied Industrial Technologies, Inc. purchases Reliance Industrial Products Ltd.

Legal Advisor

Advised onApplied Industrial Technologies, Inc. purchases Reliance Industrial Products Ltd.

Clients

Techno Alpha Co., Ltd. engages in the sale of power semiconductor back-end equipment, electronics materials, inspection machines, laboratory use products, marine equipment, environmental equipment and others. It operates through the following business segments: Electronics, Marine Machinery and Filtration, System Integrator (SI), and Chemical Science. The Electronics segment imports semiconductor manufacturing equipment for assembly. Its main products are electronic equipment and materials for universities and laboratories in the surface mount technology (SMT) field. The Marine Machinery and Filtration segment supplies and sells marine equipment to Japan coast guard and ship building companies. The System Integrator segment develops and sells software and hardware such as measurement and inspection systems. The Chemical Science segment offers biochemistry instruments such as nanoLC pumps and the DiNa Series that are used in the proteomics field. The company was founded by Tsutomu Aoshima on December 22, 1989 and is headquartered in Tokyo, Japan.

Key Stats and Financials As of 2021
Market Capitalization
$3.93B
Total Enterprise Value
$4.24B
Earnings Per Share
$3.68
Revenue
$3.24B
EBITDAMargin
10.19%
Enterprise Value / Sales
1.31x
Enterprise Value EBITDAOperating
12.58x
TEVNet Income
29.29x
Debt TEV
0.22x
Net Profit
$145M
EBITDA
$330M
Total Debt
$920M
Total Equity
$933M
Three Year Compounded Annual Growth Rate Of Revenue
1.73%
Investors
Details Hidden

Owner at The Massey Co., Inc.

Details Hidden

Chairman & Chief Executive Officer at Ancora Alternatives LLC

Suppliers
EnPro Industries, Inc. Appliances & Electronics | Charlotte, North Carolina

EnPro Industries, Inc. engages in the design, development, manufacturing, and marketing of proprietary engineered industrial products. It operates through the following segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment designs, manufactures, and sells sealing products including metallic, non-metallic, and composite material gaskets. The Advanced Surface Technologies segment applies proprietary technologies, processes, and capabilities. The Engineered Materials segment consists of operations that design, manufacture, and sale of products including self-lubricating, non-rolling metal-polymer, engineered plastics, and fiber reinforced composite bearing. The company was founded on January 11, 2002 and is headquartered in Charlotte, NC.

Altra Industrial Motion Corp. Wholesale: Consumer Non-Durables/Sundries | Braintree, MA

Altra Industrial Motion Corp. engages in the designs, production, and marketing of electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment focuses in the production of couplings, clutches, and brakes; electromagnetic clutches and brakes; and gears. The Automation and Specialty segment consists brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.

RBC Bearings, Inc. Metal Manufacturing & Products | Oxford, Connecticut

RBC Bearings, Inc. engages in the design, manufacture, and marketing of engineered precision bearings and products. It operates through the following segments: Plain Bearings, Roller Bearings, Ball Bearings and Engineered Products. The Plain Bearings segment produces self-lubricating, metal-to-metal designs and other sub-classes, including rod end bearings, spherical plain bearings, and journal bearings. The Roller Bearings segment manufactures anti-friction products that utilize cylindrical rolling elements. The Ball Bearings segment offers high precision aerospace, airframe control, and thin section and industrial ball bearings. The Engineered Products segment consists engineered hydraulics and valves, fasteners, precision mechanical components, and machine tool collets used in aircraft and submarine applications, as well as aerospace and defense aftermarket services. The company was founded in 1919 and is headquartered in Oxford, CT.

Awards & Honors
Rank #780
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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