Tranche Update on Applied Industrial Technologies, Inc.'s Equity Buyback Plan announced on April 30, 2015.
January 27, 2017 at 11:59 am EST
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From October 1, 2016 to October 24, 2016, the company has repurchased 47,500 shares, representing 0.12% for $2.2 million. With this, the company has completed the repurchase of 1,316,300 shares, representing 3.32% for $53.45 million under the buyback announced on April 30, 2015.
Applied Industrial Technologies, Inc. is a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. The Companyâs segments include Service Center Based Distribution and Engineered Solutions. The Service Center Based Distribution segment operates through local service centers and distribution centers with a focus on providing products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Its products include industrial bearings, motors, belting, drives, couplings, pumps, linear motion products, hydraulic and pneumatic components, filtration supplies, and hoses. The Engineered Solutions segment includes its operations that specialize in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services.
APPLIED INDUSTRIAL TECHNOLOGIES, INC. 
