Applied Industrial Technologies Inc - Company Profile
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Applied Industrial Technologies Inc (Applied Industrial) is a distributor of industrial products and services to MRO (maintenance, repair, and operating) and OEM (original equipment manufacturing) customers. The company also provides engineering, design and systems integration services for industrial and fluid power applications. It offers maintenance, training and inventory management solutions and logistical distribution services. Applied Industrial serves businesses in food processing, automotive, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, primary metals, mining, oil and gas, transportation, utilities, and government entities. It offers solutions to customers through its distribution centers. The company has operations in Mexico, Singapore, the US, Australia and New Zealand. Applied Industrial is headquartered in Cleveland, Ohio, the US.
Headquarters
United States of America
Address
One Applied Plaza, Cleveland, Ohio, 44115
Website
www.applied.com
Telephone
1 216 4264000
No of Employees
6,365
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
AIT (NYSE)
Revenue (2023)
$4.4B
15.8%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
34.7%
(2023 vs 2022)
Market Cap*
$7.2B
Net Profit Margin (2023)
XYZ
16.3%
(2023 vs 2022)
* As of and is in US$
Applied Industrial Technologies Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Couplings and Janitorial Products | Apprenticeship Programs |
| Linear Motion: | Rubber Services |
| Actuators | Repair and Rebuild Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In September, the company announced the acquisition of Bearing Distributors, Inc. and Cangro Industries, Inc. |
| 2023 | Acquisitions/Mergers/Takeovers | In April, the company acquired Advanced Motion Systems Inc., a provider of automation products, services and engineered solutions. |
| 2023 | New Products/Services | In January, the company introduced the fifth edition Applied Maintenance Supplies & Solutions Master Product Catalog. |
Competitor Comparison
| Key Parameters | Applied Industrial Technologies Inc | Genuine Parts Co | WESCO International Inc | W.W. Grainger Inc | Dana Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Cleveland | Atlanta | Pittsburgh | Lake Forest | Maumee |
| State/Province | Ohio | Georgia | Pennsylvania | Illinois | Ohio |
| No. of Employees | 6,365 | 58,000 | 20,000 | 23,000 | 42,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Peter C. Wallace | Chairman | Executive Board | 2014 | 69 |
| Neil A. Schrimsher | Director; Chief Executive Officer; President | Executive Board | 2013 | 59 |
| David K. Wells | Vice President - Finance; Principal Accounting Officer; Treasurer; Chief Financial Officer | Senior Management | 2017 | 60 |
| Kurt W. Loring | Chief Human Resources Officer; Vice President | Senior Management | 2014 | 54 |
| Warren E. Hoffner | General Manager - Fluid Power & Flow Control; Vice President | Senior Management | 2018 | 63 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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