Full-Time
Distributes industrial motion and fluid power
No salary listed
Mason, OH, USA
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Applied Fluid Power acts as a value-added distributor and technical solutions provider for industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. It sources leading brands and offers specialized services and engineering support to MRO and OEM customers across most industrial markets through multiple sales channels. It differentiates itself by combining a broad catalog with technical expertise and multi-channel distribution to tailor solutions and speed access for plant maintenance and manufacturing needs. Its goal is to help customers improve uptime, reliability, and efficiency through reliable parts, services, and know-how for industrial equipment.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Cleveland, Ohio
Founded
1923
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401(k) Retirement Plan
401(k) Company Match
Health Insurance
Tuition Reimbursement
Employee Assistance
Paid Vacation
Flexible Work Hours
Remote Work Options
Paid Holidays
Professional Development Budget
Conference Attendance Budget
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
American Industrial Technologies and ideaForge to Launch strategic joint venture. 08 June 2026 American Industrial Technologies today announced the signing of a Letter of Intent with ideaForge Technology Inc. to explore the formation of a strategic joint venture. AIT recently announced that it has entered into a non-binding letter of intent to merge with SIM Acquisition Corp. The proposed partnership combines AIT's rapidly expanding telecommunications, IoT, logistics, AI, and mobility ecosystem with ideaForge's globally recognized leadership in unmanned aerial systems (UAS), autonomous drone technology, and defense-grade aerial intelligence platforms. "This proposed joint venture represents the convergence of AI, mobility, secure communications, and autonomous systems," said John Chiorando, Chairman and CEO of American Industrial Technologies. "Together, we believe we can build a globally differentiated platform capable of serving enterprise, industrial, public safety, and government customers with next-generation technologies that are secure, scalable, and built for the future." "This partnership represents an important step toward expanding access to reliable, mission-ready drone technology across global markets," said Ankit Mehta, Director of ideaForge Technology Inc. "Together, we aim to deliver scalable aerial intelligence solutions supporting critical operations for defense, government, enterprise, and industrial customers." The proposed joint venture is expected to focus on: * - AI-enabled drone and robotics platforms * - Drones-as-a-Service ("DaaS") solutions * - Secure communications and tactical mobility * - Border security and public safety applications * - Industrial inspection and infrastructure monitoring * - Enterprise AI integration and edge computing * - Hybrid satellite and cellular communications * - U.S.-based electronic component manufacturing and IoT assembly initiatives As part of the LOI, the companies intend to explore opportunities to integrate advanced AI capabilities, secure 5G communications, satellite connectivity, and autonomous operational intelligence into ruggedized next-generation mobility and drone platforms designed for both commercial and government deployment. Completion of the proposed transaction remains subject to the negotiation and execution of a definitive shareholding agreement, a definitive joint venture agreement, and customary approvals. AIT's growing ecosystem includes recurring revenue IoT solutions, 3PL and 4PL logistics operations, enterprise mobility deployments, and expanding government and defense sector relationships throughout North America, South America, and Europe. Through the proposed joint venture, AIT is expected to play a significant role in expanding access to United States defense, homeland security, and government drone opportunities by leveraging its existing relationships, infrastructure, logistics capabilities, mobility platforms, and operational footprint across enterprise and government channels. The partnership is intended to position ideaForge's advanced drone technologies for broader deployment across U.S. defense, public safety, tactical communications, critical infrastructure, and federal agency environments. ideaForge has established itself as a global leader in drone innovation, serving defense, homeland security, mapping, surveillance, and industrial sectors with advanced autonomous aerial systems trusted in some of the world's most demanding operational environments. The companies also intend to evaluate opportunities surrounding: * - U.S.-based drone electronics, component, and telecom device manufacturing * - AI-powered companion devices * - Tactical communications infrastructure * - Integrated hybrid satellite and cellular connectivity ecosystems The proposed partnership is expected to support strategic expansion into: * - Defense and public safety markets * - Smart infrastructure * - Industrial automation * - Logistics and transportation * - Telecommunications * - AI-driven field operations Additional details regarding product initiatives, manufacturing plans, commercial deployments, and strategic partnerships are expected to be announced in the coming months. About American Industrial Technologies. American Industrial Technologies, Inc. (AIT) recently announced the execution of a non-binding letter of intent to take the Company public through a deSPAC transaction with SIM Acquisition Corp. I (Nasdaq: SIMA). Formerly known as Q1 Wireless, AIT is an American industrial platform spanning defense, autonomy, and telecommunications. Founded more than three decades ago, AIT operates a 33-year carrier launch and device distribution business serving Tier 1 and Tier 2 wireless carriers, a 3PL and 4PL logistics infrastructure across the United States, Europe, and Latin America, and is bringing American manufacturing capacity online in 2026 with a focus on drones, counter-UAS systems, and secure encrypted devices for law enforcement, government, and enterprise agencies. Headquartered in Orlando, Florida in a 106,000-square-foot operations and warehouse facility, AIT's Orlando operations have been recognized as a Top Workplace for six consecutive years and employ more than 200 people. About ideaForge. ideaForge Technology Inc is a global leader in unmanned aerial systems (UAS) and drone technology, providing advanced autonomous solutions for defense, homeland security, mapping, surveillance, inspection, and industrial applications worldwide.
Applied Industrial Technologies reported third-quarter fiscal 2026 earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.63 and rising 3.1% year over year. Net sales of $1.25 billion exceeded estimates of $1.22 billion, increasing 7.3% year over year, driven by 6% organic sales growth. The Service Centre-Based Distribution segment generated $804.9 million in sales, up 5.7% year over year. The Engineered Solutions segment posted $446.5 million in sales, rising 10.2% year over year, boosted by strong performance across fluid power and automation businesses. Gross margin slipped slightly to 30.4% from 30.5%. The company generated $319.1 million in operating cash flow during the first nine months and returned $53.7 million to shareholders through dividends.
Applied Industrial reported fourth-quarter revenue of $1.16 billion, missing analyst estimates of $1.17 billion, whilst adjusted EBITDA of $140.4 million also fell short of expectations. The company cited seasonally weak December sales and higher-than-anticipated LIFO inventory expense as key factors. Despite the miss, CEO Neil Schrimsher highlighted strong order momentum in engineered solutions, particularly a 20% rise in automation orders driven by both catch-up projects and new customer investments. Operating margin held steady at 10.6% year-on-year. Full-year EPS guidance of $10.60 at midpoint aligned with analyst expectations. Management indicated that whilst most supplier price increases are now implemented, pricing contribution may moderate as prior increases roll off. The company expects expense growth to close the gap with sales as recent acquisitions integrate.
Applied Industrial Technologies reported Q4 revenue of $1.16 billion, up 8.4% year-on-year but missing analyst expectations of $1.17 billion. GAAP earnings of $2.51 per share slightly beat consensus estimates of $2.49. The industrial products distributor experienced seasonal weakness in December and higher-than-expected inventory costs. Organic revenue grew just 2.2% year-on-year, missing projections. However, CEO Neil Schrimsher noted strong momentum in engineered solutions, with orders growing over 10% year-on-year—the strongest rate in four years. Automation orders jumped 20%. Management attributed the mixed performance to seasonal softness and inventory timing issues rather than broader market weakness. Full-year EPS guidance of $10.60 remains roughly in line with analyst expectations. The company's market capitalisation stands at $9.89 billion.
Applied acquires former motion target in socal; posts 2Q results. AIT added a like distributor with about $20 million in annual revenue, while encouraging financials led to raising the lower end of the company's guidance. Fluid power, power transmission and automation products distributor Applied Industrial Technologies reported its 2026 fiscal second quarter financial results on Jan. 27 for the three months ended Dec. 31, alongside an acquisition in Southern California. On the latter front, AIT said it has acquired Thompson Industrial Supply - a like distributor of industrial bearings, power transmission, hydraulics, pneumatics, linear motion and lightweight belting products and related service solutions, based in Los Angeles. Thompson operates with a team of more than 40 employees between two locations and serves customers across a range of core verticals including food & beverage, consumer products, pharmaceutical, life sciences and others. Thompson will be integrated into Applied's U.S. Service Center operations and AIT expects it to generate annual sales of about $20 million in its first year of ownership. "We welcome Thompson to Applied as we continue to bolster our local service center position and provide our customers with leading aftermarket support of motion control solutions," AIT President and CEO Neil Schrimsher said in a news release. "Thompson is a nice bolt-on acquisition that will enhance our footprint in an important industrial market. They bring strong technical knowledge and aligned supplier relationships, as well as in-house belting and fabrication capabilities that will strengthen our value-added services and competitive position in the region. We look forward to seeing their capabilities support our collective efforts and value proposition moving forward." Applied's 2Q results. Cleveland-based AIT posted total 2Q sales of $1.163 billion that increased 8.4% year-over-year, powered by a 600-basis-point impact from acquisitions and 20 points from foreign currency. Excluding those factors, organic sales increased 2.2%, reflecting a 2.9% gain in the company's Service Center segment and a 0.5% uptick in Engineered Solutions. Applied said price contributed a nearly 250 bps impact to organic sales growth. The 2Q organic gain was a deceleration from 3.0% in 1Q, but a second straight quarter of low single-digit organic growth after seven straight quarters of between +0.7% to -3.4%. AIT's 2Q gross margin of 30.4% was down 20 bps year-over-year, and up 30 bps from 1Q. EBITDA of $140 million topped the $135 million of a year earlier, and net profit of $95 million improved from $93 million. Applied said that 15 of its top 13 industry verticals grew year-over-year in 2Q26, down one from 1Q. Strongest growth was in metals, aggregates, mining, utilities & energy, machinery, transportation and construction, offset by declines primarily in lumber & wood, chemicals, oil & gas, rubber & plastics and refining. Looking ahead, Applied raised the lower end of its previous guidance, now calling for 5.5%-7.0% annual sales growth in 2026, with 2.5%-4.0% organic growth. That's up from 4-7%/1-4% issued in AIT's 1Q report. Meanwhile, EBITDA margin guidance narrowed to 12.2%-12.4% from 12.2%-12.5%. On MDM's 2025 Top Distributors Lists, Applied ranked No. 7 for Industrial Supplies, No. 11 for MRO, No. 2 for Power Transmission/Bearings, No. 7 for Industrial PVF, No. 1 for Fluid Power and No. 10 for Fasteners.