APPLIED INDUSTRIAL TECHNOLOGIES INC

Applied Industrial Technologies, Inc. (NYSE: AIT) operates as a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The company maintains its headquarters in Cleveland, Ohio, and serves customers across North America, Australia, New Zealand, and Singapore through a comprehensive network of approximately 580 facilities and roughly 6,900 employee associates.

The company's business model centers on connecting world-class industrial products and technologies from leading suppliers to customers' critical operating assets. Applied maintains an extensive inventory of more than 9.4 million stock keeping units, with particular strength in industrial bearings, power transmission products, fluid power components and systems, specialty flow control, and advanced factory automation solutions. The company also provides general maintenance products and consumable supplies through vendor-managed inventory solutions.

Applied operates through two reportable segments. The Service Center segment, representing 64 percent of total sales, focuses on maintenance, repair, and operations across North America, Australia, and New Zealand through local service centers and distribution centers. The Engineered Solutions segment, comprising 36 percent of sales, specializes in distributing, engineering, designing, and integrating hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies. Within the United States, Applied positions itself as the largest distributor of fluid power products and among the largest distributors of industrial flow control and advanced automation technologies.

The company serves a diverse customer base across numerous industries including food processing, chemicals, fabricated metals, industrial machinery, life sciences, mining, oil and gas, technology, and utilities. No single customer accounts for more than five percent of sales, reflecting a well-distributed revenue base. Applied's competitive advantages derive from deep technical expertise, leading positions in engineered solutions, broad in-stock product offerings with local inventory availability, extensive customer relationships, scale and operational proximity, and strong financial liquidity.

The company's website is www.applied.com, where investors can access financial reports, governance documents, and sustainability information.