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Applied Industrial Technologies, Inc. (AIT)

NYSE - NYSE Delayed price. Currency in USD
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199.07-2.01 (-1.00%)
At close: 04:00PM EDT
200.98 +1.91 (+0.96%)
After hours: 05:16PM EDT

Applied Industrial Technologies, Inc.

1 Applied Plaza
Cleveland, OH 44115
United States
216 426 4000
https://www.applied.com

Sector(s)Industrials
IndustryIndustrial Distribution
Full-time employees6,350

Key executives

NameTitlePayExercisedYear born
Mr. Neil A. SchrimsherPresident, CEO & Director2.87M8.83M1964
Mr. David K. WellsVP, CFO, Principal Accounting Officer & Treasurer1.09MN/A1964
Mr. Kurt W. LoringVP & Chief Human Resource Officer776.92k1.34M1969
Mr. Ryan Dale CieslakDirector of Investor Relations & Assistant TreasurerN/AN/AN/A
Mr. Jon S. Ploetz J.D.VP, General Counsel & SecretaryN/AN/A1973
Ms. Julie A. KhoManager of Corporate Communications & Media RelationsN/AN/AN/A
Joe MangiapaneManaging Director of Australia & New ZealandN/AN/AN/A
Mike R. AllenPresident of Applied Industrial Technologies, LP - CanadaN/AN/AN/A
Sergio H. NevárezPresident of Applied MexicoN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Applied Industrial Technologies, Inc. distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. 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 1 May 2024 is 4. The pillar scores are Audit: 4; Board: 2; Shareholder rights: 9; Compensation: 2.

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 10 indicates higher governance risk.