Page 5 - 2018 Annual Report
P. 5

                   1982
Deployed OMNEX,
a fully operational online information & processing tool that linked all locations
1990
Acquired
King Bearing, Inc.; increased Company size by nearly a third
1998
Expanded into Puerto Rico
2000
Expanded into Canada, followed by Mexico (2001)
2008
Acquired 7
fluid power distribution businesses; continued product line expansion
2012
Expanded into Australia & New Zealand
2016
Launched redesigned website with enhanced e-commerce capabilities
2018
APPLIED CELEBRATES 95 YEARS!
ACCELERATING MOMENTUM
                                       74 1982 1983 1984 1985 1990 1997 1998 1999 2000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
        1985
Electronic Data Interchange (EDI) introduced to deliver transaction processing efficiency
1997
Changed Company name to Applied Industrial Technologies; acquired Invetech Co., increasing size by 30%
2007
Recorded more than $2 billion in sales for the first time
2010
Initiated Applied MSSSM platform
2014
Acquired 4 oil & gas businesses, expanding value-added capabilities and market participation
2018
Entered specialty flow control market with acquisition of FCX Perfomance, Inc.
 our social media recruiting efforts in fiscal 2018 along with the opportunity to benefit from our growing number of followers. Our improved Careers website, now in its second year, continues to attract numerous visitors and also feed our Talent Network, which now exceeds 30,000 potential candidates.
Living
Our Core Values
At the center of our business advancements and accolades is our founding philosophy: Taking Care of the Customer. But as our associates have demonstrated, taking care of our own is also a priority.
The intense hurricane activity in the fall of 2017 touched numerous Applied locations and more than 200 of our associates. The result was a Company-wide effort to
assist our fellow associates who experienced significant hardship and personal loss. Hurricane Maria, in particular, had a substantial impact on our Puerto Rico associates. In true Applied fashion, our associates showed tremendous generosity and care to help their fellow associates. The Applied Core Values include integrity, respect, customer focus, commitment to excellence, accountability, innovation, continuous improvement, and teamwork, and they continue to motivate us personally and professionally.
I would like to recognize Todd A. Barlett, Vice President – Acquisitions and Global Business Development, who retired at the end of fiscal 2018 after 43 years of dedicated service. Todd’s leadership was instrumental to our growth and his achievements have contributed greatly to our 95 years of leadership in distribution. Todd lived our core values and focused on serving every Applied stakeholder. We thank him for his numerous contributions and extend our best wishes for a well-deserved retirement.
Building
on Our Strong Foundation
At 95 years, Applied is well-positioned as the technical MRO distribution leader, and we remain committed to building on our strong foundation. We know there is more to the Applied story and more work to be done to realize our full potential. To that end, we will continue to strengthen our position as an innovative business partner for our customers and suppliers, and as a great workplace for our associates.
Our founder, Joseph M. Bruening, once said,
“Our customers come to us because we have the brands and the goods, we have complete inventories, we save customers time and money, and we are good people to deal with... so they tell me, time after time.”
All across our organization, we are energized and excited to write the next chapter and extend the Applied legacy for many years to come. I am confident we will continue accelerating our momentum, leveraging our expanded capabilities, and generating ongoing success and value for all stakeholders.
Thank you for your continued support.
Neil A. Schrimsher
President & Chief Executive Officer
August 17, 2018
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