Craft

Applied Industrial Technologies

Stock Price

$235.4

2024-10-29

Market Capitalization

$9.1 B

2024-10-29

Revenue

$4.5 B

FY, 2024

Applied Industrial Technologies Summary

Company Summary

Overview
Applied Industrial Technologies (AIT) is a company that distributes industrial motion, power, control, and automation products. It offers bearings, speed reducers, electric motors, couplings, etc. The company also provides equipment repair, e-procurement, and training services. AIT caters to food and beverage, automotive, forestry, government, chemicals, and other sectors.
Type
Public
Status
Active
Founded
1923
HQ
Cleveland, OH, US | view all locations
Website
https://www.applied.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Neil A. Schrimsher

    Neil A. Schrimsher, President, Chief Executive Officer & Director

    • Kurt W. Loring

      Kurt W. Loring, Vice President, Chief Human Resources Officer

    • David K. Wells

      David K. Wells, Vice President, Chief Financial Officer, Treasurer, & Principal Accounting Officer

    • Jon S. Ploetz

      Jon S. Ploetz, Vice President, General Counsel & Secretary

    Operating MetricsView all

    Fluid Power Sales and Service Facilities

    580
    2.1%

    FY, 2023

    SKUs Available

    8.8M
    3.5%

    FY, 2023

    Company-owned Locations

    113

    FY, 2023

    LocationsView all

    33 locations detected

    • Cleveland, OH HQ

      United States

      One Applied Plaza

    • Commerce, CA

      United States

      3424 Garfield Ave

    • Albury, NSW

      Australia

      443 Townsend St

    • Archerfield, QLD

      Australia

      282 Beatty Rd

    • Brooklyn, VIC

      Australia

      755 Geelong Rd

    • Bungalow, QLD

      Australia

      117 Lyons St

    and 27 others

    Applied Industrial Technologies Financials

    Summary Financials

    Revenue (Q2, 2025)
    $1.1B
    Gross profit (Q2, 2025)
    $328.1M
    Net income (Q2, 2025)
    $93.3M
    Cash (Q2, 2025)
    $303.4M
    EBIT (Q2, 2025)
    $120.9M
    Enterprise value
    $9.3B

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