Welcome to our dedicated page for Applied Indl Technologies news (Ticker: AIT), a resource for investors and traders seeking the latest updates and insights on Applied Indl Technologies stock.
Applied Industrial Technologies Inc (AIT) delivers essential industrial distribution solutions and engineered services across MRO and OEM markets. This dedicated news hub provides investors and industry professionals with centralized access to official corporate developments and market-moving updates.
Discover timely announcements including financial results, strategic partnerships, product innovations, and leadership changes. Our curated collection features press releases covering operational expansions, technological advancements in fluid power systems, and maintenance solution enhancements.
Key updates include earnings disclosures, supply chain initiatives, and industry recognition milestones. Bookmark this page for direct access to AIT's verified communications about inventory management innovations and engineering service expansions. Check regularly for authoritative updates reflecting the company's position in industrial distribution markets.
Applied Industrial Technologies (NYSE: AIT) has elected Richard J. Simoncic to its Board of Directors. Simoncic, 61, brings extensive experience in global operations, distribution, supply chain management, and manufacturing. He has served in executive leadership roles at Microchip Technology Inc. since 1999, including as Chief Operating Officer.
The appointment comes ahead of the departure of Dan P. Komnenovich in October 2024, in line with the company's retirement guidelines. Following these changes, the Applied Board will maintain nine Directors, with eight being independent, including the Chairman.
Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.
Applied Industrial Technologies (NYSE: AIT) has announced the release of its fiscal 2024 fourth quarter results on Thursday, August 15, 2024, before the market opens. The company's fiscal Q4 ended on June 30, 2024. A conference call is scheduled for 10 a.m. ET on the same day to discuss the results and outlook.
Investors can access a live audio webcast and supplemental presentation on the company's Investor Relations site. To join by phone, dial 800-715-9871 (toll-free) or 646-307-1963 using conference ID 1462541. Replays will be available via webcast and telephone for one week after the call.
Applied Industrial Technologies (NYSE: AIT) has declared a quarterly cash dividend of $0.37 per common share, payable on August 30, 2024, to shareholders of record as of August 15, 2024. Additionally, the company will hold its Annual Meeting of Shareholders on October 22, 2024, at its Corporate Headquarters in Cleveland, Ohio. Shareholders of record as of August 26, 2024, will be entitled to notice of and voting rights at the meeting.
Applied Industrial Technologies has completed the acquisition of Grupo Kopar, a provider of automation technologies based in Monterrey, Mexico. The transaction closed on May 1st, with no disclosed terms. The move aims to expand Applied's automation platform into Mexico, leveraging Kopar's expertise in robotics, machine vision, and IoT applications. Kopar is projected to enhance Applied's sales and earnings growth through fiscal 2025, with expected annual sales of around $60 million in the first year.
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