APPLIED INDUSTRIAL TECHNOLOGIES overview

Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2023 fourth quarter and full year ended June 30, 2023. Net sales for the quarter increased 9.1% to $1.2 billion from $1.1 billion in the prior year. The change includes a 0.7% increase from acquisitions, offset by a negative 0.2% impact from...

Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2023 fourth quarter and full-year financial results on Thursday, August 10, 2023, before the market opens. The Company’s fiscal 2023 fourth quarter ended June 30, 2023. A quarterly conference call will begin at 10 a.m. ET on August 10 to discuss the Company’s performance and outlook with analysts and investors. A supplemental presentation detailing latest quarter results will be available for reference on...

Applied Industrial Technologies (NYSE: AIT) has introduced its new 2023 / 2024 Applied ® Product Catalog. This latest edition – which celebrates the company’s 100 years of strength and leadership in industrial distribution – features more than 30,000 of its most popular items for all types of maintenance and repair operations. Representing more than 210 leading and trusted brands / manufacturers, the catalog contains a wide assortment of bearings, belts, hoses, motors, drives, power...

Applied Industrial Technologies (NYSE: AIT) Board of Directors has declared a quarterly cash dividend of $0.35 per common share, payable on August 31, 2023, to shareholders of record on August 15, 2023. The Company also announced that its Annual Meeting of Shareholders will be held at 9:00 a.m. EDT, Tuesday, October 24, 2023, at its Corporate Headquarters, 1 Applied Plaza (E. 36 th & Euclid Avenue), Cleveland, Ohio. August 25, 2023, is the record date for determining shareholders entitled to...

As part of the Company’s 100-year anniversary being celebrated throughout 2023, representatives of Applied Industrial Technologies (NYSE: AIT) will ring The Closing Bell ® at the New York Stock Exchange today, June 21, 2023, at 4 p.m. ET. President & Chief Executive Officer Neil Schrimsher will be joined on the podium by members of the Company’s senior leadership team and Board of Directors. “We are honored to recognize the longevity and success of Applied ® with the ceremonial ringing...

Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2023 third quarter ended March 31, 2023. Net sales for the quarter increased 15.4% to $1.1 billion from $980.7 million in the prior year. The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign...

Applied Industrial Technologies (NYSE: AIT) today announced it will release its fiscal 2023 third quarter financial results on Thursday, April 27, 2023, before the market opens. The Company’s fiscal 2023 third quarter ended March 31, 2023. A quarterly conference call will begin at 10 a.m. ET on April 27 to discuss the Company’s performance and outlook with analysts and investors. A supplemental presentation detailing latest quarter results will be available for reference on the Investor...

Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of Advanced Motion Systems Inc. (AMS), a provider of automation products, services, and engineered solutions focused on a full range of machine vision, robotics, and motion control products and technologies. Terms of the transaction were not disclosed. Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, “We welcome AMS to Applied as we continue the expansion of our automation platform. AMS...