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Applied Industrial Technologies AIT Engineered Solutions Segment — Goodwill, Purchase Accounting Adjustments

Discontinued — last reported Q1 '24

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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$12.49B+14.4%
Enterprise value$12.68B+13.8%
P/E30.9×+2.9×
P/S2.6×+0.2×

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:GoodwillPurchaseAccountingAdjustments.

The official record: Applied Industrial Technologies’s 10-K/A, filed September 10, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applied Industrial Technologies's engineered solutions segment — goodwill, purchase accounting adjustments?
Applied Industrial Technologies (AIT) reported engineered solutions segment — goodwill, purchase accounting adjustments of $1.25M in Q3 2023.
What does engineered solutions segment — goodwill, purchase accounting adjustments mean?
Changes to the recorded value of goodwill for a business segment due to final acquisition accounting adjustments.
How do you interpret engineered solutions segment — goodwill, purchase accounting adjustments?
Frequent or large adjustments may signal volatility in acquisition valuation processes or integration challenges, whereas stable or zero adjustments suggest precise initial valuation.
How does engineered solutions segment — goodwill, purchase accounting adjustments compare across companies?
Standard accounting disclosure for companies engaged in M&A activity, typically found in the notes to consolidated financial statements regarding business combinations.