AIT

Applied Industrial Technologies, Inc. is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The company distributes products from thousands of manufacturers including bearings, power transmission components, hydraulics, pneumatics, motors, pumps, valves, and engineered fluid power systems. Applied Industrial serves manufacturing, mining, food processing, pulp and paper, metals, energy, and other industrial customers through a network of service centers and technical specialists across North America and internationally. The company provides value-added services including application engineering, system design, installation, repair, and inventory management. Applied Industrial emphasizes technical expertise, customer relationships, and comprehensive product lines to help customers improve productivity and reduce downtime. Founded in 1923 and headquartered in Cleveland, Ohio, Applied Industrial has grown through acquisitions and organic expansion. The company benefits from industrial production activity, maintenance and repair spending, outsourcing trends, and aging infrastructure requiring replacement parts and services. Applied Industrial generates stable cash flows and returns capital to shareholders through dividends.