AIT's strong MRO demand, strategic acquisitions and operational initiatives fuel growth, while solid shareholder returns bolster its appeal.
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Here is how Applied Industrial Technologies (AIT) and Helios Technologies (HLIO) have performed compared to their sector so far this year.
| Consumer Staples Distribution & Retail Industry | Consumer Staples Sector | Neil A. Schrimsher CEO | XFRA Exchange | 03820C105 CUSIP |
| US Country | 6,900 Employees | 14 Aug 2026 Last Dividend | 16 Jun 2006 Last Split | - IPO Date |
Applied Industrial Technologies, Inc. is a prominent distributor of industrial motion, power, control, and automation technology solutions across various countries, including the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. Operating through two main segments, Service Center Based Distribution and Engineered Solutions, the company caters to a wide range of industries such as agriculture, food processing, chemicals, mining, and more. With its origins dating back to 1923 and initially known as Bearings, Inc., it renamed to Applied Industrial Technologies, Inc. in 1997. The headquarters of the company is strategically located in Cleveland, Ohio, from where it oversees its operations and a network of service centers, ensuring comprehensive coverage and support for its customer base.