Applied Industrial Technologies, Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Neil A. Schrimsher
- Full Time Employees
- 6,900
- Sector
- Distribution services
- Industry
- Wholesale distributors
- Address
- 1 Applied Plaza Cleveland OH United States 44115
- IPO Date
- May 6, 1905
- CIK
- 0000109563
- Website
- applied.com
- Similar Companies
- Business
- Applied Industrial Technologies, Inc. (NYSE: AIT) distributes industrial products and provides engineered solutions including bearings, power transmission components, fluid power systems, flow control products, automation technologies, industrial rubber products, linear motion components, seals, hydraulic and pneumatic components, safety products, oilfield supplies, and maintenance items; offers engineering design, systems integration, customized mechanical and fabricated rubber shop services, fluid power and flow control services, technical application support, maintenance training, and inventory management solutions to MRO and OEM customers across diverse industries. The company operates primarily in the United States, with additional locations in Canada, Mexico, Australia, New Zealand, and Singapore. Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial Technologies serves food and beverage, automotive, steel, chemical, energy, and general manufacturing sectors through its service center-based distribution and engineered solutions segments. In recent developments, the company completed the acquisition of Hydradyne, LLC on December 31, 2024, enhancing its fluid power capabilities with advanced hydraulics, pneumatics, electromechanical, instrumentation, filtration, and fluid conveyance offerings across the Southeastern U.S., expected to add approximately $260 million in sales and $30 million in EBITDA within the first 12 months. Applied also signed a definitive agreement to acquire IRIS Factory Automation in fiscal 2025 third quarter, expanding its automation platform with turn-key vision and robotic solutions for material handling, palletizing, case packing, quality inspection, and packaging workflows, particularly strengthening its Midwest presence. Further bolt-on acquisitions of distributors in New Jersey and Ohio were announced in 2024, alongside securing a $900 million senior unsecured revolving credit facility in October 2025 to support ongoing growth initiatives.
Company News
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