Applied Industrial Technologies, Inc. (AIT) NYSE

Currency In USD

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Applied Industrial Technologies, Inc.

Address

1 Applied Plaza

Cleveland, OH 44115

United States of America (the)

Phone

216 426 4000

Sector

Industrials

Industry

Industrial - Distribution

Employees

6818

First IPO Date

March 17, 1980

Key Executives

NameTitlePayYear Born
Neil A. SchrimsherPresident, Chief Executive Officer & Director2.18M1964
Kurt W. LoringVice President & Chief Human Resource Officer648,6331969
David K. WellsVice President, Chief Financial Officer, & Treasurer889,5501963
Jon S. PloetzVice President, General Counsel & Secretary891,6891973
Mike R. AllenPresident of Applied Industrial Technologies, LP - Canada0N/A
Joe MangiapaneManaging Director of Australia & New Zealand0N/A
Richard WagnerChief Accounting Officer & Controller01968
Ryan Dale CieslakVice President of Investor Relations & Treasury0N/A
Julie A. KhoManager of Corporate Communications & Public Relations0N/A
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Description

Applied Industrial Technologies, Inc. (AIT) is a prominent distributor specializing in advanced solutions for industrial motion, power, control, and automation. Its operational footprint extends across North America, Australia, New Zealand, and Singapore. The company structures its operations into two main divisions: Service Center Based Distribution and Fluid Power & Flow Control. AIT's extensive product portfolio encompasses a wide range of industrial components and systems, including bearings, power transmission equipment, engineered fluid power systems, specialized flow control mechanisms, cutting-edge automation products, various industrial rubber items, linear motion components, and essential tools, safety gear, and oilfield provisions. Furthermore, it supplies motors, belting, drives, couplings, pumps, hydraulic and pneumatic parts, filtration products, valves, fittings, process instrumentation, actuators, and hoses, alongside other crucial supplies necessary for the general operational upkeep of customer machinery. Beyond product distribution, AIT offers robust service capabilities, including operating specialized fabricated rubber workshops and deploying field crews for the installation, modification, and repair of conveyor belts and rubber linings. The company also provides custom hose assemblies, comprehensive equipment repair, and valuable technical support services. Products are channeled to customers via an expansive network of strategically located service centers. Its diverse clientele spans numerous sectors such as agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery, life sciences, mining, oil and gas, primary metals, technology, transportation, utilities, and governmental bodies. Established in 1923 under its original name, Bearings, Inc., the company adopted its current moniker, Applied Industrial Technologies, Inc., in 1997. Its corporate headquarters are situated in Cleveland, Ohio.

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