Applied Industrial Technologies, Inc. (AIT)
NYSE: AIT · Real-Time Price · USD
271.09
+5.35 (2.01%)
Nov 21, 2024, 1:23 PM EST - Market open

Company Description

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica.

It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers’ machinery and equipment.

It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies.

In addition, the company provides technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies.

It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities.

The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997.

The company was founded in 1923 and is headquartered in Cleveland, Ohio.

Applied Industrial Technologies, Inc.
Applied Industrial Technologies logo
Country United States
Founded 1923
Industry Industrial Distribution
Sector Industrials
Employees 6,500
CEO Neil Schrimsher

Contact Details

Address:
1 Applied Plaza
Cleveland, Ohio 44115
United States
Phone 216 426 4000
Website applied.com

Stock Details

Ticker Symbol AIT
Exchange NYSE
Fiscal Year July - June
Reporting Currency USD
CIK Code 0000109563
CUSIP Number 03820C105
ISIN Number US03820C1053
Employer ID 34-0117420
SIC Code 5080

Key Executives

Name Position
Neil A. Schrimsher President, Chief Executive Officer and Director
David K. Wells Vice President, Chief Financial Officer, and Treasurer
Kurt W. Loring Vice President and Chief Human Resource Officer
Richard M. Wagner Chief Accounting Officer and Controller
Ryan Dale Cieslak Director of Investor Relations and Assistant Treasurer
Jon S. Ploetz J.D. Vice President, General Counsel and Secretary
Julie A. Kho Manager of Corporate Communications and Media Relations
Joe Mangiapane Managing Director of Australia and New Zealand
Mike R. Allen President of Applied Industrial Technologies, LP - Canada

Latest SEC Filings

Date Type Title
Nov 12, 2024 8-K Current Report
Nov 12, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Nov 12, 2024 SC 13G Statement of acquisition of beneficial ownership by individuals
Nov 8, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Nov 4, 2024 SC 13G Statement of acquisition of beneficial ownership by individuals
Oct 25, 2024 8-K Current Report
Oct 25, 2024 10-Q Quarterly Report
Oct 24, 2024 8-K Current Report
Oct 23, 2024 8-K Current Report
Oct 23, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals