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AIT (Applied Industrial Technologies) Gross Profit : $1,348 Mil (TTM As of Dec. 2024)


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What is Applied Industrial Technologies Gross Profit?

Applied Industrial Technologies's gross profit for the three months ended in Dec. 2024 was $328 Mil. Applied Industrial Technologies's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $1,348 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Applied Industrial Technologies's gross profit for the three months ended in Dec. 2024 was $328 Mil. Applied Industrial Technologies's Revenue for the three months ended in Dec. 2024 was $1,073 Mil. Therefore, Applied Industrial Technologies's Gross Margin % for the quarter that ended in Dec. 2024 was 30.57%.

Applied Industrial Technologies had a gross margin of 30.57% for the quarter that ended in Dec. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Applied Industrial Technologies was 30.09%. The lowest was 27.98%. And the median was 28.90%.


Applied Industrial Technologies Gross Profit Historical Data

The historical data trend for Applied Industrial Technologies's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Applied Industrial Technologies Gross Profit Chart

Applied Industrial Technologies Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 937.74 935.52 1,106.92 1,286.97 1,336.65

Applied Industrial Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 317.09 338.25 356.24 325.08 328.05

Competitive Comparison of Applied Industrial Technologies's Gross Profit

For the Industrial Distribution subindustry, Applied Industrial Technologies's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Applied Industrial Technologies's Gross Profit Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Gross Profit distribution charts can be found below:

* The bar in red indicates where Applied Industrial Technologies's Gross Profit falls into.


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Applied Industrial Technologies Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Applied Industrial Technologies's Gross Profit for the fiscal year that ended in Jun. 2024 is calculated as

Gross Profit (A: Jun. 2024 )=Revenue - Cost of Goods Sold
=4479.406 - 3142.753
=1,337

Applied Industrial Technologies's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )=Revenue - Cost of Goods Sold
=1073.001 - 744.951
=328

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,348 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Applied Industrial Technologies's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=328 / 1073.001
=30.57 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Applied Industrial Technologies  (NYSE:AIT) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Applied Industrial Technologies had a gross margin of 30.57% for the quarter that ended in Dec. 2024 => Competition eroding margins


Applied Industrial Technologies Gross Profit Related Terms

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Applied Industrial Technologies Business Description

Traded in Other Exchanges
Address
1 Applied Plaza, Cleveland, OH, USA, 44115
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
Executives
Jason W Vasquez officer: VP-Sales & Marketing-USSC ONE APPLIED PLAZA, CLEVELAND OH 44115
Neil A Schrimsher director, officer: President and CEO ONE APPLIED PLAZA, CLEVELAND OH 44115
Mary Dean Hall director 4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Hoffner Warren E Iii officer: VP-General Mgr, Fluid Power ONE APPLIED PLAZA, CLEVELAND OH 44115
Kurt W. Loring officer: VP-Chief HR Officer ONE APPLIED PLAZA, CLEVELAND OH 44115
Peter C Wallace director C/O ROBBINS & MYERS, INC., 51 PLUM STREET, SUITE 260, DAYTON OH 45440
Jon S Ploetz officer: VP-General Counsel & Secretary ONE APPLIED PLAZA, CLEVELAND OH 44115
Fred D Bauer officer: VP-General Counsel & Secretary ONE APPLIED PLZ, CLEVELAND OH 44115-5056
Vincent K Petrella director
Shelly Marie Chadwick director 6070 PARKLAND BLVD, MAYFIELD HTS. OH 44124
Christopher Macey other: Corporate Controller 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Peter A Dorsman director
Jerry Sue Thornton director C/O BARNES & NOBLE EDUCATION, INC., 120 MOUNTAIN VIEW BLVD, BASKING RIDGE NJ 07920
Madhuri A Andrews director 2525 STEMMONS FRWY, DALLAS TX 75207
Green Edith Kelly director 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118