01. Applied Industrial Technologies - Top Fluid Power Distributors
Headquarters: Cleveland, OH
2017 Revenue: $725,200,000
16:17 Change: 6.6%
2016 Revenue: $680,245,560
Key Executives: Neil A. Schrimsher, president & CEO; David Wells, VP - CFO & Treasurer
Applied Industrial is a leading distributor of fluid power as well as bearings, power transmission products, specialty flow control solutions, and other industrial supplies. For FY 2017 (which ended June 30, 2017) Applied’s net sales were $2.59 billion, an increase of 2.9 percent from the previous fiscal year.
“We are pleased with the positive strides we made throughout fiscal 2017,” Applied’s president and CEO Neil Schrimsher said. “We look forward to building on our business momentum for continued growth in fiscal 2018.”
Last year, Applied’s vice president, CFO and treasurer, Mark Eisele, retired after 26 years with the company. He was succeeded by David Wells, whose title is vice president-finance.
The sales product mix for fiscal 2017 was 71.5 percent industrial products and 28.5 percent fluid power products compared to 72.9 percent industrial and 27.1 percent fluid power in the prior year.
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