What does fluid power businesses — goodwill acquired mean?

The amount of goodwill added to the Fluid Power segment from new acquisitions this period.

How do you interpret fluid power businesses — goodwill acquired?

Higher values indicate aggressive inorganic growth and expansion of the segment's market footprint.

How does fluid power businesses — goodwill acquired compare across companies?

Common in companies pursuing a 'buy-and-build' strategy in industrial components.

Applied Industrial Technologies AIT Fluid Power Businesses — Goodwill Acquired

Discontinued — last reported Q2 '20

Similar metrics at other companies

DOVFluids Segment — Goodwill, Acquired During Period

$328K-22.5%

PNRFlow Technologies — Goodwill Acquired

$0—

DOVFluids Segment — Acquired Goodwill

$9.08M—

APTVPowertrain Systems — Goodwill Acquired

$0—

FLSFlow Control Division — Goodwill Acquired

$0—

DOVFluids — Goodwill Gross

$715.72M+6.9%

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:GoodwillAcquiredDuringPeriod.

The official record: Applied Industrial Technologies’s 10-Q, filed January 29, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does fluid power businesses — goodwill acquired mean?: The amount of goodwill added to the Fluid Power segment from new acquisitions this period.
How do you interpret fluid power businesses — goodwill acquired?: Higher values indicate aggressive inorganic growth and expansion of the segment's market footprint.
How does fluid power businesses — goodwill acquired compare across companies?: Common in companies pursuing a 'buy-and-build' strategy in industrial components.