$1.5 
$1.5 
$1.7 
$1.9 
$2.0 
$2.1 
$1.9 
$1.9 
$2.2 
$2.4 
$0.0 
$0.5 
$1.0 
$1.5 
$2.0 
$2.5 
03 04 05 06 07 08 09 10 11 12
 
Net Sales  
(Dollars in Billions)
$307.9 
$339.5 
$393.3 
$414.8 
$451.0 
$502.1 
$508.1 
$555.0 
$633.6 
$672.1 
$0 
$100 
$200 
$300 
$400 
$500 
$600 
$700 
$800 
03 04 05 06 07 08 09 10 11 12
 
Shareholders’ Equity  
(Dollars in Millions)
$0.46 
$0.71 
$1.20 
$1.57 
$1.93 
$2.19 
$0.99 
$1.54 
$2.24 
$2.54 
$0.0 
$0.5 
$1.0 
$1.5 
$2.0 
$2.5 
$3.0 
03 04 05 06 07 08 09 10 11 12
 
Net Income Per Share  
(Dollars)
* T he goodwill impairment charge in fiscal 2009  
 r educed net income per share by $0.54.
2 Applied Industrial Technologies, Inc. and Subsidiaries
Customers:  
Expanding Our Value-Add
At every level of the organization, our associates are 
committed to our customers’ success.  Simply stated, we 
keep industry running – productively – and our efforts and 
performance are regularly acknowledged.  For the twelfth 
consecutive year, we earned Supplier of the Year status from 
Vulcan Materials Company for our strong execution in the 
areas of product quality, service, support, ease of transaction 
and value.  And, just recently, Applied was named the 
recipient of Excellence, Innovation, and Sustainability awards 
from Eastman Chemical Company.  This marks the first time 
in Eastman Chemical history that one company was selected 
to receive all three awards in a single year.  
While our Company is proud of these past achievements 
and our associates have earned well-deserved recognition 
for their hard work and dedication, we are not satisfied.  
We are committed to expanding our product offering, fully 
leveraging our service capabilities and delivering value-added 
solutions to our existing customers – and to new customers.  
Naturally, our success is greatly aided by the partnerships 
with our suppliers.  We represent leading manufacturers 
with the highest quality brands – delivering innovative 
solutions for our customers’ needs.  Across our collective 
supply chain, we are committed to expanding our value-add 
and to generating success for our customers.    
Acquisitions:  
Extending Our Reach
Strategic acquisitions continue to play an important role 
in our overall growth strategy, as demonstrated in fiscal 
2012.  In August 2011, we entered the Montreal market 
with the acquisition of Chaines-Plus.  In February 2012, we 
purchased two additional Quebec distributors – Solutions 
Industrielles Chicoutimi and Spécialités Industrielles  
Harvey – as part of our continuing strategy to expand in 
Eastern Canada.  Together, these businesses distribute 
bearings, power transmission products, fluid power, and 
electrical components, in addition to providing various 
repair services.
Across our collective supply chain, we are committed to expanding 
our value-add and generating success for our customers.
25358_AIT_Report_WT.indd   2 8/23/12   8:33 AM