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Applied

Applied distributes MRO supplies, tools, and industrial equipment including fluid power, bearings and power transmission products. Read more

Neil A. Schrimsher's photo - President & CEO of Applied

President & CEO

Neil A. Schrimsher

CEO Approval Rating

67/100

Founded:

1923

Status:

PublicIndependent CompanyNYSEAIT

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Motion Industries is one of Applied's top competitors. Motion Industries is a Private company that was founded in Birmingham, Alabama in 1946. Motion Industries is in the Industrial Machinery & Equipment field. Motion Industries has 350 more employees vs. Applied.

MSC is perceived as one of Applied's biggest rivals. MSC was founded in 1941 in Melville, New York. MSC operates in the Equipment Repair Services industry. MSC generates $63.5M more revenue than Applied.

Fastenal is a top competitor of Applied. Fastenal's headquarters is in Winona, Minnesota, and was founded in 1967. Fastenal competes in the Electrical Components & Equipment field. Fastenal generates 185% of Applied's revenue.

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Applied Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$3.1B

Applied's revenue is the ranked 7th among it's top 10 competitors. The top 10 competitors average 3B. Over the last four quarters, Applied's revenue has grown by 16%. Specifically, in Q1 2021's revenue was $840.9M; in Q4 2020, it was $751.3M; in Q3 2020, it was $747.8M; in Q2 2020, Applied's revenue was $725.1M.

Applied Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Gibson Engineering Company, Inc.

Jan 2021

Source »
undisclosed
Gibson Engineering is a Massachusetts-based distributor of industrial automation products such as enclosures and sensors for food and pharmaceutical sectors.
Advanced Control Solutions, LLC

Oct 2020

Source »
undisclosed
ACS is a distributor of industrial automation products such as enclosures, sensors, automation controllers and related products.
Olympus Controls Corp.

Aug 2019

Source »
undisclosed
Olympus Controls develops and manufactures pumps, switches, industrial automation products and systems to the medical and logistics sectors.
Fluid Power Sales, Inc.

Nov 2018

Source »
undisclosed
FPS manufactures and distributes accumulators, air preparation equipment, flow dividers and hydraulic pumps for industrial applications.
FCX Performance

Jan 2018

Source »
$768M
FCX Performance distributes valves, flow control instruments, pumps and lifecycle services for industrial and process end markets.

These are all the companies that Applied has acquired. Applied has acquired 15 companies and its latest acquisition was Gibson Engineering Company, Inc. in Jan 2021. Gibson Engineering is a Massachusetts-based distributor of industrial automation products such as enclosures and sensors for food and pharmaceutical sectors.

Applied Funding History

No recent funding data found related to Applied

Applied Investments

No recent investments found related to Applied

These are all the companies that Applied has invested in. Applied has invested 15 companies and its latest investment was Gibson Engineering Company, Inc. in Jan 2021. Gibson Engineering is a Massachusetts-based distributor of industrial automation products such as enclosures and sensors for food and pharmaceutical sectors.

Applied News

January 7, 2021MarketScreener

to Report Second Quarter Earnings and Conduct Investor Teleconference on January 28, 2021

(marketscreener.com) Applied Industrial Technologies today announced plans to release its fiscal 2021... See more »
January 5, 2021Industrial Distribution News

Applied Acquires Automation Distributor Gibson Engineering

It's Applied's third bolt-on in the last 16 months.... See more »
January 5, 2021The Business Journals

Applied Industrial Technologies buys automation company

Cleveland-based Applied Industrial Technologies distributes industrial products such as bearings, ele... See more »
October 28, 2020Industrial Distribution News

Applied Industrial's Q1 Organic Sales Still Down Double Digits

Like many other large industrial distributors, Applied Industrial Technologies saw solid sequential i... See more »
October 28, 2020Markets Insider

Applied Industrial Guides Q2 Sales; Declares Dividend - Quick Facts | Markets Insider

(RTTNews) - While reporting financial results for the first quarter of fiscal 2021 on Wednesday, Appl... See more »
October 9, 2020Rubber & Plastics News

Applied Industrial Technologies buys Advanced Control Solutions

Applied Industrial Technologies of Cleveland said it has acquired Georgia-based Advanced Control Solu... See more »

Applied Press Releases

January 25, 2018ECONOTIMES

Applied Industrial Technologies Reports Fiscal 2018 Second Quarter Results

Applied Industrial Technologies (NYSE:AIT) today reported second quarter fiscal 2018 sales and earnin... See more »
September 27, 2017GlobalNewswire

Applied Industrial Technologies Receives 2017 NorthCoast 99 Award

Recognized as One of the Best Workplaces in Northeast Ohio for 17th Year... See more »
August 29, 2017MarketersMedia

Applied Industrial Technologies' Revenue Gained 7.5%; GAAP EPS Rocketed 103%

Research Desk Line-up: Wesco Aircraft Post Earnings CoverageLONDON, UK / ACCESSWIRE / August 29, 2017... See more »

Applied Videos

April 22, 2020Applied Youtube Channel

"Solutions Industrielles" on YOUTUBE

April 22, 2020Applied Youtube Channel

"quipe Solutions OEM" on YOUTUBE

April 22, 2020Applied Youtube Channel

"OEM Solutions" on YOUTUBE

January 10, 2020Applied Industrial Youtube Channel

"Fenner Drives POWERTWIST DRIVE Farm Install" on YOUTUBE

March 30, 2018Applied Youtube Channel

"IPC Paint" on YOUTUBE

March 26, 2018Applied Youtube Channel

"Spill Control Station" on YOUTUBE

Social Media

Applied Headquarters

1 Applied Plaza

Cleveland, Ohio44115

800-655-6552

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Applied Summary

ABOUT

Overview

Applied distributes MRO supplies, tools, and industrial equipment including fluid power, bearings and power transmission products. Applied was founded in 1923. Applied's headquarters is located in Cleveland, Ohio, USA 44115. Applied's President & CEO...

CEO

Applied's President & CEO, Neil A. Schrimsher, currently has an approval rating of 67%. Applied's primary competitors are Motion Industries, MSC & Fastenal.

Frequently Asked Questions about Applied

  1. When was Applied founded?

    Applied was founded in 1923
  2. Who is Applied's CEO?

    Applied's CEO is Neil A. Schrimsher
  3. How much revenue does Applied generate?

    Applied generates $3.1B in revenue
  4. How much funding does Applied have?

    Applied has historically raised $0 in funding
  1. Where is Applied's headquarters?

    Applied's headquarters is in Cleveland Ohio, USA
  2. How many employees does Applied have?

    Applied has 6,650 employees
  3. What sector does Applied operate in?

    Applied is in Industrial Machinery & Equipment
  4. Who are Applied's competitors?

    Applied's top competitors are Motion Industries, MSC, Fastenal