XNYS
AIT
Market cap12bUSD
Oct 08, Last price
332.12USD
1D
-0.74%
1Q
0.29%
Jan 2017
459.12%
Name
Applied Industrial Technologies Inc
Chart & performance
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Profile
Applied Industrial Technologies, Inc. (AIT) is a prominent distributor specializing in advanced solutions for industrial motion, power, control, and automation. Its operational footprint extends across North America, Australia, New Zealand, and Singapore. The company structures its operations into two main divisions: Service Center Based Distribution and Fluid Power & Flow Control. AIT's extensive product portfolio encompasses a wide range of industrial components and systems, including bearings, power transmission equipment, engineered fluid power systems, specialized flow control mechanisms, cutting-edge automation products, various industrial rubber items, linear motion components, and essential tools, safety gear, and oilfield provisions. Furthermore, it supplies motors, belting, drives, couplings, pumps, hydraulic and pneumatic parts, filtration products, valves, fittings, process instrumentation, actuators, and hoses, alongside other crucial supplies necessary for the general operational upkeep of customer machinery. Beyond product distribution, AIT offers robust service capabilities, including operating specialized fabricated rubber workshops and deploying field crews for the installation, modification, and repair of conveyor belts and rubber linings. The company also provides custom hose assemblies, comprehensive equipment repair, and valuable technical support services. Products are channeled to customers via an expansive network of strategically located service centers. Its diverse clientele spans numerous sectors such as agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery, life sciences, mining, oil and gas, primary metals, technology, transportation, utilities, and governmental bodies. Established in 1923 under its original name, Bearings, Inc., the company adopted its current moniker, Applied Industrial Technologies, Inc., in 1997. Its corporate headquarters are situated in Cleveland, Ohio.
Key people
President, Chief Executive Officer, Director · since 2013
Kurt Loring
Chief Human Resources Officer, Vice President · since 2014
Jon Ploetz
Vice President, General Counsel, Company Secretary · since 2023
Jason Vasquez
Vice President - Sales and Marketing, U.S. Service Centers · since 2022
Warren Hoffner
Vice President, General Manager - Engineered Solutions · since 2018
David Wells
Chief Financial Officer, Vice President, Treasurer · since 2019
Madhuri Andrews
Independent Director · since 2019
Shelly Chadwick
Independent Director · since 2022
Mary Hall
Independent Director · since 2019
Independent Director · since 2017
Independent Director · since 2012
Independent Director · since 2017
Independent Director · since 2024
Legal address
C/O CORPORATION SERVICE COMPANY
1160 DUBLIN RD STE 400
COLUMBUS, OH 43026
US
1160 DUBLIN RD STE 400
COLUMBUS, OH 43026
US
Headquarters
1160 DUBLIN RD STE 400
COLUMBUS, OH 43026
US
COLUMBUS, OH 43026
US
Valuation
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