Applied Industrial Archives

Earnings Confirm Hopes as Industrial Distributors Ride Momentum in ’22

Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.

March 2, 2022

Operations

Applied Industrial Fiscal 2Q Sales Rise

The Ohio-based distributor reported fiscal 2022 second-quarter net sales of $876.9 million and a net income of $57 million.

January 27, 2022

Tech & Operations

Lessons From the Top: Leading Distributors Open Their Playbooks

CEOs from leading distributors Grainger, Fastenal, Applied, MSC and Motion reveal secrets to their success during a challenging third quarter.

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November 3, 2021

Operations

Applied’s 1Q Sales Increase

In its fiscal first-quarter report, Applied Industrial Technologies reported more than $891 million in sales, a 19.2% increase over last year.

October 27, 2021

Operations

Applied Industrial Technologies Buys R.R. Floody Company

R.R.Floody adds a range of automation technologies and services to Applied Industrial Technologies’ portfolio.

August 19, 2021

Operations

Applied Industrial Posted a Blowout 4Q, but Here’s Why It’s More Bullish on 2022

The distributor’s earnings and revenue beat wasn’t surprising given a favorable comp, but a handful of tailwinds are keeping Applied’s optimism intact heading into the new fiscal year.

August 18, 2021

Operations

Applied Industrial Technologies’ Sales Up 23.6% in 4Q

For the full year, Applied Industrial Technologies’ total 2021 fiscal sales were $3.24 billion, a decrease of 0.3% compared to last year.

August 17, 2021

Operations

Applied Industrial Technologies Bounces Back in 3Q

After sales increase in the third quarter, Applied Industrial Technologies’ CEO is predicting an even better fourth quarter.

April 29, 2021

Operations

Applied Industrial’s 2Q Sales Down 9.9%

Like most companies, Applied continued to be impacted by the COVID-19 crisis and saw year-to-date sales fall 11.3% over the same period in 2019.

January 28, 2021

Operations

Applied Industrial Technologies Acquires Automation Company

Applied’s addition of Massachusetts-based Gibson Engineering Company Inc. should boost distributor’s automation offering.

January 5, 2021

Operations

Applied’s Acquisition Strategy Key to Lofty Revenue Goal

Applied Industrial Technologies hopes to grow revenue 40% to $4.5 billion in the coming years, and M&A will not surprisingly play a huge role in that ambitious pursuit. Here’s what company leaders said about their acquisition strategy moving forward.

October 28, 2020

Operations

Applied Industrial’s 1Q Sales Down 12.7%

Tough times continued for Applied Industrial Technologies in the company’s fiscal first quarter; the company’s sales dipped 12.7% and profit fell 10.3%.

October 28, 2020

Operations

Applied Industrial Technologies Acquires Advanced Control Solutions

Applied Industrial Technology's latest addition will help expand the company’s automation offering as well as its geographic reach in the Southeast U.S.

October 7, 2020

Research & Analytics

More Signs of Economic Recovery, but Uphill Climb Remains

August has brought some more good news to the U.S. economy in general and distribution in general based on the latest round of data reports showing continued momentum, but the industry has plenty of work yet to complete.

August 23, 2020

Operations

Applied Making Right Cost-Control Moves, but Tough Environment Lingers

Market conditions weren’t favorable for Applied Industrial Technologies Inc. in the fiscal fourth quarter, but the distributor navigated the COVID-plagued business landscape as well as possible thanks to cost-reduction measures it will extend into 2021.