Cash flow Applied Industrial Technologies, Inc.

Equities

AIT

US03820C1053

Industrial Machinery & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2025-12-16 pm EST			5-day change	1st Jan Change
258.47 ^USD	-0.52%		+0.45%	+7.93%

Oct. 28	Tranche Update on Applied Industrial Technologies, Inc.'s Equity Buyback Plan announced on May 1, 2025.	CI
Oct. 28	Applied Industrial Technologies, Inc., Q1 2026 Earnings Call, Oct 28, 2025

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Published financial data: APPLIED INDUSTRIAL TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	3.24B	3.81B	4.41B	4.48B	4.56B
Total Revenues	3.24B	3.81B	4.41B	4.48B	4.56B
Cost of Goods Sold, Total	2.29B	2.7B	3.13B	3.14B	3.18B
Gross Profit	943M	1.11B	1.29B	1.34B	1.38B
Selling General & Admin Expenses, Total	646M	718M	784M	812M	848M
Amortization of Goodwill and Intangible Assets - (IS)	34.36M	31.88M	30.8M	28.92M	35.58M
Other Operating Expenses, Total	680M	750M	815M	841M	883M
Operating Income	262M	357M	472M	496M	500M
Interest Expense, Total	-30.81M	-26.78M	-24.79M	-20.54M	-18.21M
Interest And Investment Income	215K	522K	3.15M	17.71M	17.6M
Net Interest Expenses	-30.59M	-26.26M	-21.64M	-2.83M	-612K
Currency Exchange Gains (Loss)	-2.09M	65K	-3.28M	1.1M	-529K
Other Non Operating Income (Expenses)	4.57M	-1.26M	3.05M	4.15M	3.72M
EBT, Excl. Unusual Items	234M	330M	450M	498M	503M
Restructuring Charges	-7.8M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-1.61M
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-49.53M	-	-	-	-
EBT, Incl. Unusual Items	177M	330M	450M	498M	501M
Income Tax Expense	32.3M	72.38M	103M	112M	108M
Earnings From Continuing Operations	145M	257M	347M	386M	393M
Net Income to Company	145M	257M	347M	386M	393M
Net Income - (IS)	145M	257M	347M	386M	393M
Net Income to Common Incl Extra Items	145M	257M	347M	386M	393M
Net Income to Common Excl. Extra Items	145M	257M	347M	386M	393M
Per Share Items
Net EPS - Basic	3.73	6.69	8.98	9.98	10.26
Basic EPS - Continuing Operations	3.73	6.69	8.98	9.98	10.26
Basic Weighted Average Shares Outstanding	38.76M	38.47M	38.59M	38.67M	38.29M
Net EPS - Diluted	3.68	6.58	8.84	9.83	10.12
Diluted EPS - Continuing Operations	3.68	6.58	8.84	9.83	10.12
Diluted Weighted Average Shares Outstanding	39.3M	39.1M	39.22M	39.26M	38.82M
Normalized Basic EPS	3.78	5.36	7.28	8.05	8.2
Normalized Diluted EPS	3.73	5.27	7.17	7.93	8.09
Dividend Per Share	1.3	1.34	1.38	1.44	1.66
Payout Ratio	35	20.13	15.41	14.49	16.21
Supplemental Items
EBITDA	318M	411M	525M	548M	560M
EBITA	297M	389M	502M	525M	536M
EBIT	262M	357M	472M	496M	500M
EBITDAR	359M	452M	570M	600M	623M
Effective Tax Rate - (Ratio)	18.24	21.95	22.91	22.56	21.55
Current Domestic Taxes	57.72M	50.8M	103M	110M	106M
Current Foreign Taxes	5.66M	6.4M	5.47M	3.92M	8.12M
Total Current Taxes	63.38M	57.2M	109M	113M	114M
Deferred Domestic Taxes	-28.91M	15.13M	-1.96M	368K	-4.74M
Deferred Foreign Taxes	-2.17M	50K	-3.75M	-1.44M	-1.62M
Total Deferred Taxes	-31.08M	15.18M	-5.72M	-1.07M	-6.36M
Normalized Net Income	146M	206M	281M	311M	314M
Non-Cash Pension Expense	781K	1.25M	855K	735K	1.08M
Supplemental Operating Expense Items
Selling and Marketing Expenses	15.97M	17.89M	22.17M	24.62M	26.44M
Net Rental Expense, Total	41.71M	41.64M	45.14M	51.59M	62.05M
Imputed Operating Lease Interest Expense	10.55M	10.37M	11.73M	11.61M	12.01M
Imputed Operating Lease Depreciation	31.16M	31.27M	33.41M	39.98M	50.04M
Stock-Based Comp., SG&A Exp. (Total)	8.98M	11.84M	12.36M	12.94M	12M
Total Stock-Based Compensation	8.98M	11.84M	12.36M	12.94M	12M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	258M	184M	344M	461M	388M
Trading Asset Securities, Total	-	-	-	-	5.5M
Total Cash And Short Term Investments	258M	184M	344M	461M	394M
Accounts Receivable, Total	532M	674M	726M	738M	781M
Total Receivables	532M	674M	726M	738M	781M
Inventory	363M	450M	501M	488M	505M
Other Current Assets, Total	44.78M	50.76M	75.28M	83.5M	66.86M
Total Current Assets	1.2B	1.36B	1.65B	1.77B	1.75B
Gross Property Plant And Equipment	407M	435M	445M	496M	573M
Accumulated Depreciation	-204M	-215M	-229M	-245M	-256M
Net Property Plant And Equipment	203M	220M	216M	252M	317M
Long-term Investments	16.84M	15.32M	18.64M	22.52M	25.63M
Goodwill	560M	563M	578M	619M	699M
Other Intangibles, Total	280M	251M	236M	246M	349M
Deferred Tax Assets Long-Term	6.37M	5.68M	9.99M	11.31M	12.26M
Other Long-Term Assets, Total	9.61M	38.32M	38.21M	31.1M	25.4M
Total Assets	2.27B	2.45B	2.74B	2.95B	3.18B
Liabilities
Accounts Payable, Total	208M	259M	302M	267M	280M
Accrued Expenses, Total	77.66M	91.17M	98.74M	93.2M	99.63M
Current Portion of Long-Term Debt	43.52M	40.17M	25.17M	25.06M	-
Current Portion of Leases	27.36M	30.11M	31.17M	33.47M	39.78M
Other Current Liabilities	71M	78.71M	83.58M	82.43M	107M
Total Current Liabilities	428M	500M	540M	501M	526M
Long-Term Debt	785M	649M	597M	572M	572M
Long-Term Leases	64.25M	80.81M	72.7M	104M	159M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	19.26M	44.01M	44.98M	51.58M	42.16M
Other Non Current Liabilities	43.2M	29.64M	29.94M	34.03M	31.87M
Total Liabilities	1.34B	1.3B	1.28B	1.26B	1.33B
Common Stock, Total	10M	10M	10M	10M	10M
Additional Paid In Capital	177M	184M	189M	194M	199M
Retained Earnings	1.29B	1.5B	1.79B	2.12B	2.45B
Treasury Stock	-456M	-472M	-478M	-559M	-721M
Comprehensive Income and Other	-93.09M	-72.3M	-55.3M	-77.57M	-91.69M
Total Common Equity	933M	1.15B	1.46B	1.69B	1.84B
Total Equity	933M	1.15B	1.46B	1.69B	1.84B
Total Liabilities And Equity	2.27B	2.45B	2.74B	2.95B	3.18B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.52M	38.49M	38.66M	38.36M	37.75M
ECS Total Common Shares Outstanding	38.52M	38.5M	38.66M	38.41M	37.87M
Book Value / Share	24.21	29.85	37.73	43.97	48.71
Tangible Book Value	92.84M	336M	644M	824M	797M
Tangible Book Value Per Share	2.41	8.72	16.67	21.44	21.03
Total Debt	920M	800M	726M	735M	771M
Net Debt	645M	600M	363M	252M	351M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	334M	333M	361M	413M	496M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-152M	-179M	-215M	-226M	-233M
Inventories - Finished Goods, Total	514M	629M	716M	714M	738M
Land - (BS)	14.4M	14.32M	14.22M	14.16M	14.08M
Buildings, Total	107M	108M	110M	115M	117M
Machinery, Total	198M	204M	220M	234M	253M
Full Time Employees	5.95K	6.1K	6.2K	6.5K	6.8K
Accumulated Allowance for Doubtful Accounts (Supple)	16.46M	17.52M	22.33M	13.06M	16.46M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	145M	257M	347M	386M	393M
Depreciation & Amortization - CF	20.78M	21.68M	22.27M	23.43M	24.9M
Amortization of Goodwill and Intangible Assets - (CF)	34.36M	31.88M	30.8M	28.92M	35.58M
Depreciation & Amortization, Total	55.14M	53.56M	53.07M	52.35M	60.48M
(Gain) Loss From Sale Of Asset	-368K	-	-	-	-
Asset Writedown & Restructuring Costs	49.53M	-	-	-	-
Stock-Based Compensation (CF)	8.98M	11.84M	12.36M	12.94M	12M
Provision and Write-off of Bad Debts	6.54M	3.19M	5.62M	-205K	5.98M
Other Operating Activities, Total	-29.27M	13.42M	-4.57M	-2.38M	-5.99M
Change In Accounts Receivable	-59.12M	-146M	-51.06M	-1.92M	-4.92M
Change In Inventories	41.32M	-92.42M	-42.98M	18.39M	29.18M
Change In Accounts Payable	10.92M	53.6M	37.68M	-39.27M	2.17M
Change in Other Net Operating Assets	13.26M	32.49M	-12.9M	-54.27M	494K
Cash from Operations	242M	188M	344M	371M	492M
Capital Expenditure	-15.85M	-18.12M	-26.48M	-24.86M	-27.19M
Sale of Property, Plant, and Equipment	1.15M	1.11M	1.43M	576K	1.84M
Cash Acquisitions	-30.23M	-6.96M	-35.78M	-72.09M	-293M
Other Investing Activities, Total	-	-11.68M	-	971K	-
Cash from Investing	-44.93M	-35.66M	-60.83M	-95.41M	-319M
Long-Term Debt Issued, Total	26M	411M	-	408K	-
Total Debt Issued	26M	411M	-	408K	-
Long-Term Debt Repaid, Total	-132M	-550M	-67.25M	-25.25M	-25.11M
Total Debt Repaid	-132M	-550M	-67.25M	-25.25M	-25.11M
Issuance of Common Stock	163K	555K	127K	127K	-
Repurchase of Common Stock	-50.17M	-21.86M	-13.61M	-89.66M	-168M
Common Dividends Paid	-50.66M	-51.8M	-53.45M	-55.88M	-63.7M
Common & Preferred Stock Dividends Paid	-50.66M	-51.8M	-53.45M	-55.88M	-63.7M
Other Financing Activities, Total	-6.48M	-10.02M	7.29M	13.79M	10.88M
Cash from Financing	-213M	-223M	-127M	-156M	-246M
Foreign Exchange Rate Adjustments	5.46M	-2.15M	3.32M	-2.94M	-226K
Net Change in Cash	-10.81M	-73.27M	160M	117M	-72.2M
Supplemental Items
Cash Interest Paid	27.49M	20.16M	22.57M	23.98M	21.83M
Cash Income Tax Paid (Refund)	64.39M	53.3M	108M	116M	108M
Levered Free Cash Flow	182M	90.11M	245M	289M	346M
Unlevered Free Cash Flow	201M	107M	261M	302M	357M
Change In Net Working Capital	11M	164M	73.05M	47.94M	473K
Net Debt Issued / Repaid	-106M	-140M	-67.25M	-24.84M	-25.11M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.2	9.45	11.35	10.88	10.2
Return on Total Capital	8.81	11.74	14.26	13.45	12.4
Return On Equity %	16.3	24.73	26.59	24.51	22.24
Return on Common Equity	16.3	24.73	26.59	24.51	22.24
Margin Analysis
Gross Profit Margin %	29.14	29.05	29.16	29.84	30.31
SG&A Margin	19.97	18.84	17.78	18.13	18.57
EBITDA Margin %	9.82	10.78	11.89	12.24	12.28
EBITA Margin %	9.17	10.21	11.39	11.71	11.74
EBIT Margin %	8.11	9.37	10.69	11.07	10.96
Income From Continuing Operations Margin %	4.47	6.76	7.86	8.61	8.61
Net Income Margin %	4.47	6.76	7.86	8.61	8.61
Net Avail. For Common Margin %	4.47	6.76	7.86	8.61	8.61
Normalized Net Income Margin	4.53	5.41	6.37	6.95	6.88
Levered Free Cash Flow Margin	5.63	2.36	5.56	6.46	7.58
Unlevered Free Cash Flow Margin	6.22	2.8	5.91	6.75	7.83
Asset Turnover
Asset Turnover	1.42	1.61	1.7	1.57	1.49
Fixed Assets Turnover	15.59	18.03	20.26	19.16	16.05
Receivables Turnover (Average Receivables)	6.54	6.32	6.3	6.12	6.01
Inventory Turnover (Average Inventory)	6.1	6.66	6.57	6.35	6.4
Short Term Liquidity
Current Ratio	2.8	2.72	3.05	3.53	3.32
Quick Ratio	1.85	1.72	1.98	2.39	2.23
Operating Cash Flow to Current Liabilities	0.57	0.38	0.64	0.74	0.94
Days Sales Outstanding (Average Receivables)	55.83	57.76	57.93	59.8	60.74
Days Outstanding Inventory (Average Inventory)	59.83	54.83	55.52	57.61	57.02
Average Days Payable Outstanding	31.76	30.58	32.23	33.25	31.23
Cash Conversion Cycle (Average Days)	83.9	82.01	81.22	84.17	86.53
Long Term Solvency
Total Debt/Equity	98.65	69.63	49.78	43.52	41.78
Total Debt / Total Capital	49.66	41.05	33.23	30.32	29.47
LT Debt/Equity	91.05	63.51	45.91	40.05	39.62
Long-Term Debt / Total Capital	45.83	37.44	30.65	27.91	27.95
Total Liabilities / Total Assets	58.95	53.14	46.84	42.79	41.91
EBIT / Interest Expense	8.52	13.34	19.03	24.13	27.45
EBITDA / Interest Expense	11.66	16.89	22.99	29.19	34.18
(EBITDA - Capex) / Interest Expense	11.15	16.22	21.92	27.98	32.69
Total Debt / EBITDA	2.56	1.77	1.27	1.23	1.24
Net Debt / EBITDA	1.8	1.33	0.64	0.42	0.56
Total Debt / (EBITDA - Capex)	2.68	1.84	1.34	1.28	1.29
Net Debt / (EBITDA - Capex)	1.88	1.38	0.67	0.44	0.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.3	17.76	15.8	1.51	1.88
Gross Profit, 1 Yr. Growth %	0.55	17.39	16.27	3.86	3.48
EBITDA, 1 Yr. Growth %	10.31	29.33	27.74	4.21	2.26
EBITA, 1 Yr. Growth %	11.28	31.08	29.13	4.16	2.09
EBIT, 1 Yr. Growth %	16.56	36.09	32.03	4.83	0.86
Earnings From Cont. Operations, 1 Yr. Growth %	502.1	77.82	34.7	11.25	1.87
Net Income, 1 Yr. Growth %	502.1	77.82	34.7	11.25	1.87
Normalized Net Income, 1 Yr. Growth %	22.5	40.7	36.39	10.45	0.89
Diluted EPS Before Extra, 1 Yr. Growth %	493.55	78.8	34.35	11.2	2.95
Accounts Receivable, 1 Yr. Growth %	15.94	26.9	7.68	1.54	5.94
Inventory, 1 Yr. Growth %	-6.84	24.07	11.42	-2.58	3.5
Net Property, Plant and Equip., 1 Yr. Growth %	-4.63	8.51	-1.92	16.73	25.81
Total Assets, 1 Yr. Growth %	-0.51	7.96	11.85	7.6	7.58
Tangible Book Value, 1 Yr. Growth %	-330.56	261.44	92.06	27.78	-3.28
Common Equity, 1 Yr. Growth %	10.55	23.25	26.89	15.79	9.22
Cash From Operations, 1 Yr. Growth %	-18.54	-22.39	83.38	7.97	32.58
Capital Expenditures, 1 Yr. Growth %	-21.19	14.33	46.08	-6.09	9.34
Levered Free Cash Flow, 1 Yr. Growth %	-30.29	-50.51	172.12	17.7	19.5
Unlevered Free Cash Flow, 1 Yr. Growth %	-29.23	-46.93	143.99	15.63	18.19
Dividend Per Share, 1 Yr. Growth %	3.17	3.08	2.98	4.35	15.28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.47	8.36	16.78	8.42	1.69
Gross Profit, 2 Yr. CAGR %	-3.26	8.65	17.29	9.89	3.67
EBITDA, 2 Yr. CAGR %	-1.53	20.51	30.14	15.5	3.23
EBITA, 2 Yr. CAGR %	-1.72	21.95	31.85	16.11	3.12
EBIT, 2 Yr. CAGR %	-0.56	27.4	36.09	17.8	2.83
Earnings From Cont. Operations, 2 Yr. CAGR %	0.26	227.21	54.77	22.42	6.46
Net Income, 2 Yr. CAGR %	0.26	227.21	54.77	22.42	6.46
Normalized Net Income, 2 Yr. CAGR %	1.82	33.07	40.89	22.9	5.56
Diluted EPS Before Extra, 2 Yr. CAGR %	0	225.77	54.99	22.23	7
Accounts Receivable, 2 Yr. CAGR %	-1.68	21.3	16.9	4.57	3.72
Inventory, 2 Yr. CAGR %	-10	7.51	17.58	4.18	0.41
Net Property, Plant and Equip., 2 Yr. CAGR %	27.7	1.73	3.16	7	21.19
Total Assets, 2 Yr. CAGR %	-1.29	3.64	9.89	9.71	7.59
Tangible Book Value, 2 Yr. CAGR %	-16.71	188.68	163.47	56.66	11.17
Common Equity, 2 Yr. CAGR %	1.96	16.73	25.06	21.22	12.46
Cash From Operations, 2 Yr. CAGR %	15.68	-20.49	19.29	40.71	19.64
Capital Expenditures, 2 Yr. CAGR %	-8.59	-5.08	29.24	17.13	1.33
Levered Free Cash Flow, 2 Yr. CAGR %	25.38	-40.9	17.63	79.23	18.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.36	-38.37	15.2	68.21	16.91
Dividend Per Share, 2 Yr. CAGR %	3.23	3.13	3.03	3.66	9.68
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.73	3.14	10.78	11.45	6.19
Gross Profit, 3 Yr. CAGR %	2.17	3.18	11.13	12.63	7.71
EBITDA, 3 Yr. CAGR %	4.51	7.84	22.87	20.94	10.91
EBITA, 3 Yr. CAGR %	4.45	8.18	24.3	21.98	11.24
EBIT, 3 Yr. CAGR %	4.74	10.4	28.92	24.85	11.86
Earnings From Cont. Operations, 3 Yr. CAGR %	0.73	21.37	143.41	38.64	15.15
Net Income, 3 Yr. CAGR %	0.73	21.37	143.41	38.64	15.15
Normalized Net Income, 3 Yr. CAGR %	4.13	13.41	34.17	30.03	15.08
Diluted EPS Before Extra, 3 Yr. CAGR %	0.64	21.37	142.49	38.75	15.43
Accounts Receivable, 3 Yr. CAGR %	-1.88	7.05	16.58	11.54	5.03
Inventory, 3 Yr. CAGR %	-4.94	0.17	8.8	10.43	3.96
Net Property, Plant and Equip., 3 Yr. CAGR %	18.65	20.95	0.5	7.5	12.93
Total Assets, 3 Yr. CAGR %	-0.2	1.7	6.31	9.12	8.99
Tangible Book Value, 3 Yr. CAGR %	-29.74	35.86	152.01	107	33.4
Common Equity, 3 Yr. CAGR %	4.6	8.61	20.02	21.89	17.08
Cash From Operations, 3 Yr. CAGR %	17.95	1.27	5.05	15.4	37.95
Capital Expenditures, 3 Yr. CAGR %	-11.96	-1.51	9.59	16.19	14.47
Levered Free Cash Flow, 3 Yr. CAGR %	61.8	-8.03	-1.68	17.77	56.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	51.35	-8.9	-2.5	15.45	49.54
Dividend Per Share, 3 Yr. CAGR %	3.28	3.18	3.08	3.47	7.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.13	8	7.5	5.22	7.05
Gross Profit, 5 Yr. CAGR %	5.81	8.45	7.8	5.81	8.08
EBITDA, 5 Yr. CAGR %	9.27	13.9	13.52	10.84	14.66
EBITA, 5 Yr. CAGR %	9.57	14.36	14.04	11.29	15.4
EBIT, 5 Yr. CAGR %	10.08	15.4	15.61	13.3	17.83
Earnings From Cont. Operations, 5 Yr. CAGR %	37.38	13.96	19.61	21.79	74.86
Net Income, 5 Yr. CAGR %	37.38	13.96	19.61	21.79	74.86
Normalized Net Income, 5 Yr. CAGR %	8.97	14.58	16.73	17.12	21.96
Diluted EPS Before Extra, 5 Yr. CAGR %	37.45	14.12	19.62	21.71	74.81
Accounts Receivable, 5 Yr. CAGR %	8.85	11.53	5.24	6.05	11.25
Inventory, 5 Yr. CAGR %	1.4	5.44	3.5	1.76	5.36
Net Property, Plant and Equip., 5 Yr. CAGR %	13.47	15.27	12.2	15.16	8.31
Total Assets, 5 Yr. CAGR %	11.61	12.07	3.72	4.83	6.82
Tangible Book Value, 5 Yr. CAGR %	-18.86	-2.23	19.22	43.82	81.66
Common Equity, 5 Yr. CAGR %	7.23	9.05	12.34	13.49	16.94
Cash From Operations, 5 Yr. CAGR %	8.33	2.64	18.48	15.51	10.66
Capital Expenditures, 5 Yr. CAGR %	3.84	1.24	2.65	5.56	6.21
Levered Free Cash Flow, 5 Yr. CAGR %	4.3	-3.88	41.66	20.1	6.04
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.62	-1.52	35.03	16.43	4.9
Dividend Per Share, 5 Yr. CAGR %	3.4	3.29	3.18	3.37	5.67