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Applied Industrial Technologies, Inc. (AIT)

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261.52
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(-0.08%)
At close: 4:00:02 PM EST
261.50
-0.02
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After hours: 5:30:00 PM EST

Key Executives

Amounts are as of December 31, 2024 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
NameTitlePayExercisedYear Born
Mr. Neil A. Schrimsher President, CEO & Director 2.37M -- 1964
Mr. David K. Wells VP, CFO, & Treasurer 926.83k -- 1963
Mr. Kurt W. Loring VP & Chief Human Resource Officer 679.17k -- 1969
Mr. Richard M. Wagner Chief Accounting Officer & Controller -- -- 1968
Mr. Ryan Dale Cieslak Director of Investor Relations & Assistant Treasurer -- -- --
Mr. Jon S. Ploetz J.D. VP, General Counsel & Secretary -- -- 1973
Ms. Julie A. Kho Manager of Corporate Communications & Media Relations -- -- --
Joe Mangiapane Managing Director of Australia & New Zealand -- -- --
Mike R. Allen President of Applied Industrial Technologies, LP - Canada -- -- --

Applied Industrial Technologies, Inc.

1 Applied Plaza
Cleveland, OH 44115
United States
216 426 4000 https://www.applied.com
Sector: 
Industrials
Full Time Employees: 
6,549

Description

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment. It also operates fabricated rubber shops and service field crews that install, modify, and repair conveyor belts and rubber linings, as well as offer hose assemblies. In addition, the company provides technical support services; engages in the distribution of fluid power and industrial flow control products; advanced automation solutions, including machine vision, robotics, motion control, and smart technologies. It distributes industrial products through a network of service centers. The company serves various industries, including agriculture and food processing, cement, chemicals and petrochemicals, fabricated metals, forest products, industrial machinery and equipment, life sciences, mining, oil and gas, primary metals, technology, transportation, and utilities, as well as government entities. The company was formerly known as Bearings, Inc. and changed its to name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.

Corporate Governance

Applied Industrial Technologies, Inc.’s ISS Governance QualityScore as of January 1, 2025 is 4. The pillar scores are Audit: 3; Board: 2; Shareholder Rights: 9; Compensation: 1.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Upcoming Events

January 29, 2025 at 1:30 PM UTC

Applied Industrial Technologies, Inc. Earnings Date

Recent Events

January 2, 2025 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

November 29, 2024 at 12:00 AM UTC

Dividend Date

November 22, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

November 15, 2024 at 12:00 AM UTC

Ex-Dividend Date

November 12, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

November 8, 2024 at 12:00 AM UTC

SC 13G/A: Tender Offer/Acquisition Reports

October 25, 2024 at 12:00 AM UTC

10-Q: Periodic Financial Reports

October 24, 2024 at 2:00 PM UTC

Q1 2025 Earnings Call

October 24, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

October 23, 2024 at 12:00 AM UTC

8-K: Corporate Changes & Voting Matters

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