Applied Industrial Technologies Inc (NYSE:AIT)

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43.83 -0.03 / -0.07%
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Volume: 948.00
SECTOR
Distribution Services
INDUSTRY
Wholesale Distributors
MARKET CAP
$1.8B

Company Description

Applied Industrial Technologies, Inc. distributes bearings, power transmission components and other industrial products. It operates through the following business segments: Service Center-based Distribution and Fluid Power Businesses. The Service Center-based Distribution segment provides customers with a wide range of industrial products through a network of service centers. The Fluid Power Businesses segment consists of specialized regional companies that distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair. It sells products and services directly to customers rather than through the service centers. The company distributes power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial supplies. The company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services. It offers maintenance training and inventory and storeroom management solutions. The company was founded in 1923 and is headquartered in Cleveland, OH.

Contact Information

Applied Industrial Technologies, Inc.
1 Applied Plaza
Cleveland Ohio 44115
P:(216) 426-4000
Investor Relations:
(216) 426-4345

Employees

Shareholders

Mutual fund holders61.89%
Other institutional29.96%
Individual stakeholders10.27%

Top Executives

Neil A. SchrimsherPresident, Chief Executive Officer & Director
Mark O. EiseleCFO, Treasurer, VP & Head-Investor Relations
Lonny D. LawrenceVice President-Information Technology
Kurt W. LoringChief Human Resources Officer & Vice President
Fred D. BauerSecretary, Vice President & General Counsel

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