Applied Industrial Technologies Named to FORTUNE 1000 List for the Ninth Consecutive Year
CLEVELAND, July 19, 2012 /PRNewswire/ -- Applied Industrial Technologies (NYSE: AIT) has been named to the 2012 FORTUNE 1000 list of America's largest companies for the ninth consecutive year. With annual revenues of $2.2 billion for the fiscal year ended June 30, 2011, Applied ranked number 863 on the 2012 list maintained by FORTUNE magazine. This list is of the 1000 largest American companies, ranked by revenues only.
"Being recognized on the FORTUNE 1000 list is a testament to the company's scale and our broad capabilities to serve our customers' needs," says Neil A. Schrimsher, Applied's Chief Executive Officer. "Our 4,600 associates are committed to enabling customer success through our quality products, technical support and value-added solutions which result in generating sustained growth throughout our served markets and geographies."
Applied Industrial Technologies provides a comprehensive line of bearings, power transmission components, fluid power products, industrial and hydraulic hose, tools, chemicals and coatings, safety items, and janitorial supplies commonly used in manufacturing and service operations across North America. Applied sells its products through conveniently located service centers, telephone sales, and online internet orders. The company specializes in personalized service, technical sales support, and value-added solutions to help improve its customers' processes and productivity.
With approximately 480 facilities and 4,600 employee associates, Applied Industrial Technologies is a leading industrial distributor that offers more than 4 million parts critical to the operations of MRO and OEM customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training plus solutions to meet inventory and storeroom management needs that help provide enhanced value to its customers. Applied can be visited on the Internet at www.applied.com.
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