Applied Industrial Technologies, Inc. (AIT) NYSE

243.79

+1.18(+0.49%)

Updated at November 19 04:00PM

Currency In USD

Applied Industrial Technologies, Inc.

Address

1 Applied Plaza

Cleveland, OH 44115

United States of America

Phone

216 426 4000

Sector

Industrials

Industry

Industrial - Distribution

Employees

6818

First IPO Date

March 17, 1980

Key Executives

NameTitlePayYear Born
Mr. Neil A. SchrimsherPresident, Chief Executive Officer & Director2.18M1964
Mr. Kurt W. LoringVice President & Chief Human Resource Officer648,6331969
Mr. David K. WellsVice President, Chief Financial Officer, & Treasurer889,5501963
Mr. Ryan Dale CieslakDirector of Investor Relations & Assistant Treasurer0N/A
Mr. Jon S. Ploetz J.D.Vice President, General Counsel & Secretary01973
Ms. Julie A. KhoManager of Corporate Communications & Public Relations0N/A
Joe MangiapaneManaging Director of Australia & New Zealand0N/A
Mike R. AllenPresident of Applied Industrial Technologies, LP - Canada0N/A
Mr. Richard M. WagnerChief Accounting Officer & Controller01968

Description

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates through two segments, Service Center Based Distribution, and Fluid Power & Flow Control. 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 equipment repair and technical support services. 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.