What does service center — cost of sales mean?

The direct costs attributable to the production and procurement of products sold within the Service Center segment. This includes the purchase price of industrial components, inbound freight, and direct labor costs associated with distribution services.

Applied Industrial Technologies (AIT) Service Center — Cost of Sales

Screener

Other segment segments

Service Center Segment

$2.14B-1.7%

Engineered Solutions

$300.75M+10.1%

Similar metrics at other companies

OTISService — Cost of Sales

$1.64B+13.9%

OTISService sales — Cost of Sales

$1.64B+14.0%

NOCService — Cost of Sales

$1.6B-0.9%

KVHIService — Cost of Sales

$19.09M+34.4%

LEUService — Cost of Sales

$28.5M+41.8%

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$114.08M+60.0%

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:CostOfGoodsAndServicesSold.

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

Three Months Ended March 31, 2026	Service Center	Engineered Solutions	Total
Less: Inter-segment sales¹	1,080	20,151	21,231
Net sales	$804,937	$446,516	$1,251,453
Less segment expenses:
Cost of sales	569,901	300,748
Selling, distribution, and administrative expense, including depreciation²	125,626	94,132
Segment operating income	$109,410	$51,636	$161,046
Corporate & other expense, net			23,121
Interest expense, net			2,447

Item 1. Financial Statements

FAQ

What is Applied Industrial Technologies's service center — cost of sales?: Applied Industrial Technologies (AIT) reported service center — cost of sales of $569.9M in Q1 2026.
How has Applied Industrial Technologies's service center — cost of sales changed year-over-year?: Applied Industrial Technologies's service center — cost of sales increased by 5.9% year-over-year, from $538.38M to $569.9M.
What does service center — cost of sales mean?: The direct costs attributable to the production and procurement of products sold within the Service Center segment. This includes the purchase price of industrial components, inbound freight, and direct labor costs associated with distribution services.