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Applied Industrial Technologies AIT Engineered Solutions — Goodwill, Impaired, Accumulated Impairment Loss

Other segment segments

Service Center
$64.79M0.0%
Service Center Segment
$64.79M

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Other financials

Income statement

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Revenue$1.3B+7.3%
Gross profit$380.8M+7.2%
Operating income$137.9M+6.6%
Net income$99.8M0.0%
EPS (diluted)$2.65+3.1%

Balance sheet

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Cash & equivalents$171.6M-51.4%
Total debt$365.3M-36.2%
Total equity$1.9B+1.8%
Total assets$3.0B-4.1%

Cash flow

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Operating cash flow$100.1M-18.2%
CapEx$4.7M-37.3%
Free cash flow$95.4M-17.0%

Valuation

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Market cap$13.24B+31.2%
Enterprise value$13.43B+28.2%
P/E32.8×+7.1×
P/S2.7×+0.5×

Profitability

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Gross margin30.4%+0.1pp
Operating margin10.9%-0.3pp
Net margin8.3%-0.3pp
FCF margin9.1%-0.7pp

Returns & leverage

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Return on equity21.9%-0.3pp
Debt / equity0.2×-0.1×
Current ratio2.9×-0.6×

Where this comes from

Reported directly by Applied Industrial Technologies in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The source filing: Applied Industrial Technologies’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 4:04 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0000109563-26-000021

At March 31, 2026 and June 30, 2025, accumulated goodwill impairment losses subsequent to fiscal 2002 totaled $64,794 related to the Service Center segment and $167,605 related to the Engineered Solutions segment.

Item 1. Financial Statements

FAQ

What is Applied Industrial Technologies's engineered solutions — goodwill, impaired, accumulated impairment loss?
Applied Industrial Technologies (AIT) reported engineered solutions — goodwill, impaired, accumulated impairment loss of $167.61M in Q1 2026.
How has Applied Industrial Technologies's engineered solutions — goodwill, impaired, accumulated impairment loss changed year-over-year?
Applied Industrial Technologies's engineered solutions — goodwill, impaired, accumulated impairment loss decreased by 0.0% year-over-year, from $167.61M to $167.61M.
What is the long-term trend for Applied Industrial Technologies's engineered solutions — goodwill, impaired, accumulated impairment loss?
Over 2 years (2023 to 2025), Applied Industrial Technologies's engineered solutions — goodwill, impaired, accumulated impairment loss has grown at a 0.0% compound annual growth rate (CAGR), from $670.42M to $670.42M.
What does engineered solutions — goodwill, impaired, accumulated impairment loss mean?
This represents the cumulative amount of impairment charges recognized against goodwill within the Engineered Solutions segment. It indicates that the carrying value of the segment's acquired assets has been written down due to a decline in expected future cash flows.

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