Applied Industrial Technologies Inc
applied.comApplied Industrial Technologies (NYSE: AIT) is an industrial distribution company that sells and services bearings, power transmission products, fluid power components and systems, flow control solutions, and automation technologies. Revenue comes from transactional product sales across MRO, OEM, and new system install applications, supplemented by fee-based services including inventory management, engineering, design, assembly, repair, and systems integration. AIT operates through approximately 600 facilities, employs roughly 6,800 associates, and offers more than 9.2 million SKUs as of FY2025 (fiscal year ended June 30, 2025). The company is headquartered in Cleveland, Ohio and has been led by President and CEO Neil A. Schrimsher since 2011. AIT reports two segments: Service Center Distribution and Engineered Solutions, with the Engineered Solutions segment contributing over 40% of consolidated EBITDA as of FY2025. The broader industrial distribution market is described in the 10-K as highly fragmented, with competitors ranging from local specialists to multinational general-line distributors.
Products & Services
Industrial bearings, power transmission products, hydraulic and pneumatic fluid power components and systems, engineered flow control products, advanced factory automation solutions, industrial rubber products, linear motion components, and general maintenance and safety supplies. Service offerings include inventory management, mechanical design, hose and rubber fabrication, conveyor belt installation and repair, and automation systems integration.
Revenue Model
Transactional product distribution: AIT earns revenue by purchasing industrial components from manufacturers on a non-exclusive basis and reselling them to industrial customers at service centers, via direct shipment, or through distribution centers. Service revenue is generated from value-added offerings including engineering, systems integration, repair, fabricated rubber assembly, and vendor-managed inventory programs.
Customers & Markets
Customers span industrial manufacturers using products for MRO, OEM, and new system install applications across a variety of end markets primarily in North America. Customer demand is tied to industrial production levels, capacity utilization, capital spending, and factory optimization initiatives. AIT extends unsecured trade credit to a broad range of customers across many industries, with no disclosed single-customer concentration.
Geographic Exposure
88% of fiscal 2025 sales were generated in the United States, 6% in Canada, and 6% collectively in Mexico, Australia, New Zealand, Singapore, and Costa Rica, per the FY2025 10-K filed August 15, 2025.
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