Company Description
Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore.
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.
| Country | United States |
| Founded | 1923 |
| Industry | Industrial Distribution |
| Sector | Industrials |
| Employees | 6,200 |
| CEO | Neil A. Schrimsher |
Contact Details
Address: One Applied Plaza Cleveland, Ohio 44115-5056 United States | |
| Phone | 216-426-4753 |
| 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, Principal Accounting Officer and Treasurer |
| Kurt W. Loring | Vice President and Chief Human Resource Officer |
| 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 |
| Sergio H. Nevárez | President of Applied Mexico |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Feb 13, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 2, 2024 | 144 | Filing |
| Jan 26, 2024 | 10-Q | Quarterly Report |
| Jan 25, 2024 | 8-K | Current Report |
| Jan 22, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Nov 20, 2023 | 144 | Filing |
| Nov 16, 2023 | 144/A | Filing |
| Nov 16, 2023 | 144 | Filing |
| Nov 14, 2023 | 144 | Filing |
| Nov 3, 2023 | S-8 | Securities to be offered to employees in employee benefit plans |