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Applied Industrial Technologies, Inc. - $AIT STOCK NEWS

Welcome to our dedicated page for Applied Industrial Technologies news (Ticker: $AIT), a resource for investors and traders seeking the latest updates and insights on Applied Industrial Technologies stock.

Applied Industrial Technologies, Inc. (NYSE: AIT) is a leading industrial distributor that provides over five million parts to maintenance, repair, and operations (MRO) and original equipment manufacturing (OEM) customers across virtually every industry. With fiscal 2014 sales of $2.5 billion, the company supplies critical products and services, including bearings, power transmission components, fluid power systems, industrial rubber products, and linear motion components. Applied Industrial Technologies also offers engineering, design, and systems integration services for industrial and fluid power applications, as well as customized mechanical and rubber fabrication services. Its offerings extend to maintenance training and inventory management solutions, adding significant value to its clientele.

The company operates more than 560 facilities and nine distribution centers, primarily in North America, Australia, and New Zealand. This extensive network supports a robust supply chain and ensures timely delivery of essential components. Recently, Applied Industrial Technologies has reported significant financial growth, with net sales reaching $1.1 billion, a 15.4% year-over-year increase, and net income of $97.2 million. The company’s EBITDA also saw a 29.2% increase to $140.3 million.

Applied continues to innovate and expand its services, as evidenced by the recent acquisition of Grupo Kopar, enhancing its automation platform and footprint in Mexico. The company's commitment to sustainability and responsible business practices is highlighted in its 2023 Environmental, Social & Governance (ESG) Report. The company’s strategic initiatives and robust financial health position it favorably within the industrial sector.

For more information, visit www.applied.com.

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FAQ

What does Applied Industrial Technologies, Inc. do?

Applied Industrial Technologies, Inc. is a leading industrial distributor providing over five million parts and offering engineering, design, and systems integration services for industrial and fluid power applications.

Where does Applied Industrial Technologies operate?

Applied Industrial Technologies operates primarily in North America, Australia, and New Zealand, with over 560 facilities and nine distribution centers.

What are the company's recent financial achievements?

The company reported net sales of $1.1 billion and net income of $97.2 million, with an EBITDA increase of 29.2% to $140.3 million.

What services does Applied Industrial Technologies provide?

The company provides industrial products, engineering and design services, customized mechanical and rubber fabrication services, maintenance training, and inventory management solutions.

What are the recent acquisitions of Applied Industrial Technologies?

Applied recently acquired Grupo Kopar, expanding its automation platform and footprint in Mexico.

What is the company's stance on sustainability?

Applied Industrial Technologies is committed to sustainability and responsible business practices, as detailed in its 2023 ESG Report.

How does Applied Industrial Technologies add value to its customers?

The company offers a range of value-added services, including maintenance training, inventory management solutions, and customized engineering and design services.

What industries does Applied Industrial Technologies serve?

The company serves virtually all industrial markets, including automotive, food and beverage, pharmaceutical, and light manufacturing.

What products does Applied Industrial Technologies distribute?

Products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies.

How can I learn more about Applied Industrial Technologies?

For more information, visit their website at www.applied.com.

Applied Industrial Technologies, Inc.

NYSE:AIT

AIT Rankings

AIT Stock Data

7.35B
38.10M
1.25%
95.75%
1.34%
Industrial Machinery and Equipment Merchant Wholesalers
Wholesale Trade
Link
United States of America
CLEVELAND

About AIT

with fiscal 2014 sales of $2.5 billion, applied industrial technologies (nyse: ait) is a leading industrial distributor that offers more than five million parts to serve the needs of mro and oem customers in virtually every industry. in addition, applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. applied also offers maintenance training and inventory management solutions that provide added value to its customers. the applied network encompasses more than 560 operating facilities and nine distribution centers. to learn more, visit www.applied.com.