NYSE · WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES · LARGE CAP
Applied Industrial Technologies, Inc. AIT
17 fiscal years on record · USD · FY2024 reported
SEC FILINGS ONLY15 YEARS OF DIVIDEND GROWTH
Revenue · FY2024
$4.6B
▲ 1.9% vs FY2023
Dividend streak
15 yrs
Raised every year since 2010
EPS · FY24
$10.12
Dividend / sh · FY24
$1.66
Payout · FY24
16%
ROE · FY24
22.2%
Net margin · FY24
8.6%
Dividend coverage
6.1×
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Result
USD 4.6B
Revenue, FY2024 · full 17-year series below
Revenue
Net income
9 cents of every revenue dollar became profit this year.
Per share
USD 10.12
Diluted EPS, FY2024
EPS
Dividend
Earnings covered the dividend 6.1 times — the rest stayed in the company.
Profitability
22.2%
Return on equity, FY2024
ROE
Operating margin10.9%
Net margin8.6%
Return on assets12.8%
Each USD of equity produced 22 cents of profit this year.
Returned to shareholders
USD 216.5M
returned in FY2024 · dividends + net buybacks
Dividends paidUSD 63.7M
Net buybacksUSD 152.8M
Share of profit55.1%
Consecutive raises15 years
USD 63.7M in dividends and USD 152.8M in buybacks — 55% of the year's profit went back to shareholders.
Growth
+7.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+6.2%
+7.1%
+5.2%
+6.0%
Net income
+15.1%
+74.9%
+13.0%
+12.6%
EPS, diluted
+15.4%
+74.8%
+13.7%
+13.4%
Dividend / share
+7.4%
+5.7%
+4.8%
+7.0%
Returned to shareholders
+49.3%
+34.7%
+6.2%
+14.6%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.04B
Shares outstanding, FY2024
Change, 5 years−2.2%
Change, 10 years−5.1%
The share count shrank 2% in five years — the same company, cut into fewer, larger slices.
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Balance sheet
USD 3.2B
total assets, end of FY2024
Total assetsUSD 3.2B
EquityUSD 1.8B
CashUSD 388.4M
Gross debtUSD 572.3M
Net debtUSD 183.9M
Current ratio3.32×
Net debt stands at 10% of equity.
History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
4.6
4.5
4.4
3.8
3.2
3.2
3.5
3.1
2.6
2.5
2.8
2.5
2.5
2.4
2.2
1.9
1.9
Operating income $B
0.5
0.5
0.5
0.4
0.2
0.1
0.2
0.2
0.2
0.1
0.2
0.2
0.2
0.2
0.2
0.1
0.1
EBITDA $B
0.5
0.5
0.5
0.4
0.2
0.1
0.3
0.2
0.2
0.1
0.2
0.2
0.2
0.2
0.2
0.1
0.1
Income tax $B
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.0
0.0
Net income $B
0.4
0.4
0.3
0.3
0.1
0.0
0.1
0.1
0.1
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.0
EPS, diluted $
10.12
9.83
8.84
6.58
3.68
0.62
3.68
3.61
3.40
0.75
2.80
2.67
2.78
2.54
2.24
1.54
0.99
Dividend / sh $
1.66
1.44
1.38
1.34
1.30
1.26
1.22
1.18
1.14
1.10
1.04
0.96
0.88
0.80
0.70
0.60
0.60
Payout %
16
14
15
20
35
203
33
32
33
146
37
36
31
31
31
39
60
ROE %
22.2
24.5
26.6
24.7
16.3
2.8
16.8
18.2
19.1
4.2
15.0
14.5
16.5
16.7
16.3
12.4
8.3
Shares out B
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
66 of 66
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed