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Applied Industrial Technologies AIT Service Center — Goodwill
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Where this comes from
Reported directly by Applied Industrial Technologies in its filing.
Tagged under the XBRL concept us-gaap:Goodwill.
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
| Line item | Service Center | Engineered Solutions | Total |
|---|---|---|---|
| Balance at June 30, 2024 | $219,574 | $399,821 | $619,395 |
| Goodwill acquired during the year | 2,262 | 77,847 | 80,109 |
| Other, primarily currency translation | (130) | — | (130) |
| Balance at June 30, 2025 | $221,706 | $477,668 | $699,374 |
| Goodwill acquired during the period | 4,307 | 1,518 | 5,825 |
| Other, primarily currency translation | (201) | — | (201) |
| Balance at March 31, 2026 | $225,812 | $479,186 | $704,998 |
Item 1. Financial Statements
FAQ
- What is Applied Industrial Technologies's service center — goodwill?
- Applied Industrial Technologies (AIT) reported service center — goodwill of $225.81M in Q1 2026.
- How has Applied Industrial Technologies's service center — goodwill changed year-over-year?
- Applied Industrial Technologies's service center — goodwill increased by 2.6% year-over-year, from $220.01M to $225.81M.
- What is the long-term trend for Applied Industrial Technologies's service center — goodwill?
- Over 3 years (2022 to 2025), Applied Industrial Technologies's service center — goodwill has grown at a 1.5% compound annual growth rate (CAGR), from $845.42M to $884.48M.
- What does service center — goodwill mean?
- The carrying value of goodwill associated with acquisitions specifically integrated into the Service Center segment. It reflects the premium paid over the fair value of net identifiable assets for businesses acquired to expand the distribution network.
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