The acquisition of Automation, Inc. (October 2022), which has expanded AIT’s footprint across key verticals and geographies as well as supplemented its value-added services and cross-selling efforts, is expected to bolster its top line in 2023. Companies like Applied Industrial Technologies AIT, O-I Glass, Inc. OI, Reliance Steel & Aluminum Co. RS and Deere & Company DE made the most of this buoyant scenario and are poised for growth in 2023 as well on strong fundamentals. Pricing actions are supporting AIT’s margins despite cost inflation.