297.32
+4.92%
Close of 9 Nov 2026, in USD
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About Applied Industrial Technologies
From its filings with the US Securities and Exchange Commission
Applied Industrial Technologies is based in Cleveland, Ohio and is incorporated in Ohio. Its shares trade on NYSE under the ticker AIT. The SEC classifies its business as wholesale-machinery, equipment & supplies. In the fiscal year to 30 June 2026, it reported revenue of $4.97bn and net income of $414.5m. At that date it held total assets of $3.01bn and shareholders' equity of $1.86bn.
We are a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies and related maintenance supplies. Through our comprehensive network of approximately 6,900 employee associates and approximately 580 facilities including service center, fluid power, flow control, and automation operations, as well as repair shops and distribution centers, we offer a selection of more than 9.4 million stock keeping units with a focus on industrial bearings, power transmission products, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products. Our customers use our products and services for both Maintenance, Repair, and Operations ("MRO"), Original Equipment Manufacturing ("OEM"), and new system install applications across a variety of end markets primarily in North America, as well as Australia, New Zealand, and Singapore.
Information regarding current developments in our business can be found in Item 7 of this Annual Report defined above under the caption “Management's Discussion and Analysis of Financial Condition and Results of Operations.” This information is incorporated here by reference.
Quoted from its 10-K, filed 13 Aug 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Listed since
- 6 May 1905
- Employees
- 6,900
- Website
- applied.com ↗
- Head office
- ONE APPLIED PLAZA, CLEVELAND, OH, 44115-5056
- Incorporated in
- OH
- Classification
- Wholesale-Machinery, Equipment & Supplies
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Peter WallaceNon-Executive Independent Chairman of the Board$357,500
- Mr. Neil SchrimsherPresident, Chief Executive Officer, Director, since 2011$6.5m
- Mr. David WellsChief Financial Officer, Vice President, Treasurer$1.8m
- Mr. Kurt LoringChief Human Resources Officer, Vice President$1.2m
- Mr. Jon PloetzVice President, General Counsel, Company Secretary
- Mr. Warren HoffnerVice President, General Manager - Engineered Solutions$1.2m
- Mr. Jason VasquezVice President - Sales and Marketing, U.S. Service Centers$1.2m
- Ms. Madhuri AndrewsIndependent Director$243,000
- Ms. Shelly ChadwickIndependent Director$243,000
- Ms. Mary HallIndependent Director$243,000
- Mr. Robert PaganoIndependent Director$243,000
- Mr. Vincent PetrellaIndependent Director$268,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 49
- Environment
- 39
- Social
- 77
- Governance
- 32
- Direct emissions (scope 1)
- 32,000 t
- Energy emissions (scope 2)
- 15,000 t
- Women in the workforce
- 24%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Applied Industrial Technologies Inc has a strong market presence with a wide range of industrial products and services.
- The company has a well-established reputation and brand image within the industry.
- Applied Industrial Technologies Inc has a vast distribution network, enabling efficient delivery and availability of its products.
Weaknesses
- The company heavily relies on economic conditions, as downturns can impact demand for its industrial products.
- Applied Industrial Technologies Inc might face challenges in keeping up with technological advancements and innovation in the industry.
Opportunities
- There is potential for growth in emerging markets, allowing Applied Industrial Technologies Inc to expand its customer base.
- The increasing focus on automation and digitalization in industries presents opportunities for the company to provide related solutions.
- Applied Industrial Technologies Inc can also explore strategic partnerships and acquisitions to enhance its product portfolio and market reach.
Threats
- Intense competition within the industry poses a threat to Applied Industrial Technologies Inc's market share and pricing power.
- Economic downturns or uncertainties can reduce demand and impact the company's financial performance.
- Changes in government regulations and policies related to global trade can affect the company's operations and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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