Applied Industrial Technologies Inc (AIT) financial statements: income statement, balance sheet and cash flow

Applied Industrial Technologies Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Applied Industrial Technologies Inc reported revenue of $5.0B (+8.8% year on year) and net income of $414.5M (+5.5% year on year).

Income statement

Applied Industrial Technologies Inc income statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net sales	$5.0B	$4.6B	$4.5B	$4.4B
Cost of sales	$3.5B	$3.2B	$3.1B	$3.1B
Gross profit	$1.5B	$1.4B	$1.3B	$1.3B
Selling, distribution, and administrative expense, including depreciation	$957.3M	$884.6M	$840.8M	$813.8M
Operating income	$549.5M	$498.5M	$495.8M	$473.2M
Interest expense	$17.4M	$18.2M	$20.5M	$24.8M
Interest income	($9.4M)	($17.6M)	($17.7M)	($3.2M)
Other income, net	($2.7M)	($3.0M)	($5.1M)	$1.7M
Income before income taxes	$544.3M	$501.0M	$498.1M	$449.8M
Income tax expense	$129.7M	$108.0M	$112.4M	$103.1M
Net income	$414.5M	$393.0M	$385.8M	$346.7M
Net income per share — basic (in dollars per share)	$11.09	$10.26	$9.98	$8.98
Net income per share — diluted (in dollars per share)	$10.95	$10.12	$9.83	$8.84

Applied Industrial Technologies Inc income statement, quarters

Line item	Mar 31, 2026 · Q3	Dec 31, 2025 · Q2	Sep 30, 2025 · Q1	Mar 31, 2025 · Q3
Net sales	$1.3B	$1.2B	$1.2B	$1.2B
Cost of sales	$870.6M	$809.7M	$838.1M	$811.5M
Gross profit	$380.8M	$353.3M	$361.4M	$355.3M
Selling, distribution and administrative expense, including depreciation	$242.9M	$230.1M	$232.4M	$225.9M
Operating income	$137.9M	$123.2M	$129.0M	$129.4M
Interest expense (income), net	$2.4M	$942.0K	$993.0K	$853.0K
Other expense (income), net	$350.0K	($505.0K)	($548.0K)	$1.3M
Income before income taxes	$135.1M	$122.8M	$128.6M	$127.3M
Income tax expense	$35.4M	$27.4M	$27.8M	$27.5M
Net income	$99.8M	$95.3M	$100.8M	$99.8M
Net income per share - basic (in dollars per share)	$2.68	$2.54	$2.67	$2.60
Net income per share - diluted (in dollars per share)	$2.65	$2.51	$2.63	$2.57
Weighted average common shares outstanding for basic computation (in shares)	37.2M	37.6M	37.8M	38.3M
Dilutive effect of potential common shares (in shares)	461.0K	460.0K	514.0K	525.0K
Weighted average common shares outstanding for diluted computation (in shares)	37.7M	38.1M	38.3M	38.8M

Balance sheet

Applied Industrial Technologies Inc balance sheet, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Cash and cash equivalents	$127.1M	$388.4M	$460.6M	$344.0M
Accounts receivable — net	$831.2M	$769.7M	$724.9M	$708.4M
Inventories	$509.0M	$505.3M	$488.3M	$501.2M
Other current assets	$111.4M	$84.0M	$96.1M	$93.2M
Total current assets	$1.6B	$1.7B	$1.8B	$1.6B
Land	$13.9M	$14.1M	$14.2M	$14.2M
Buildings	$116.9M	$116.7M	$115.3M	$109.9M
Equipment	$266.3M	$253.4M	$233.7M	$220.0M
Total property — at cost	$397.1M	$384.2M	$363.2M	$344.1M
Less accumulated depreciation	$265.4M	$256.0M	$244.6M	$229.0M
Property — net	$131.7M	$128.2M	$118.5M	$115.0M
Operating lease assets — net	$213.2M	$188.7M	$133.3M	$100.7M
Identifiable intangibles — net	$312.8M	$348.6M	$245.9M	$235.5M
Goodwill	$704.7M	$699.4M	$619.4M	$578.4M
Other assets	$68.9M	$63.3M	$64.9M	$66.8M
Total Assets	$3.0B	$3.2B	$3.0B	$2.7B
Accounts payable	$341.1M	$280.1M	$266.9M	$301.7M
Compensation and related benefits	$109.1M	$99.6M	$93.2M	$98.7M
Other current liabilities	$162.3M	$146.4M	$115.9M	$114.7M
Total current liabilities	$612.4M	$526.2M	$501.1M	$540.3M
Long-term debt	$262.3M	$572.3M	$572.3M	$596.9M
Other liabilities	$273.5M	$232.6M	$189.8M	$147.6M
Total Liabilities	$1.1B	$1.3B	$1.3B	$1.3B
Preferred stock — no par value; 2,500 shares authorized; none issued or outstanding	0	0	0	0
Common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 36,803 and 37,868 shares outstanding, respectively	10.0M	10.0M	10.0M	10.0M
Additional paid-in capital	$204.6M	$199.0M	$193.8M	$188.6M
Retained earnings	$2.8B	$2.4B	$2.1B	$1.8B
Treasury shares — at cost (17,411 and 16,345 shares, respectively)	-1.0B	-720.7M	-559.3M	-477.5M
Accumulated other comprehensive loss	($94.8M)	($91.7M)	($77.6M)	($55.3M)
Total Shareholders’ Equity	$1.9B	$1.8B	$1.7B	$1.5B
Total Liabilities and Shareholders’ Equity	$3.0B	$3.2B	$3.0B	$2.7B

Applied Industrial Technologies Inc balance sheet, quarters

Line item	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Mar 31, 2025
Cash and cash equivalents	$171.6M	$406.0M	$418.7M	$352.8M
Accounts receivable, net	$792.8M	$706.9M	$753.4M	$754.6M
Inventories	$526.3M	$529.0M	$521.7M	$500.6M
Other current assets	$90.5M	$106.6M	$71.5M	$83.3M
Total current assets	$1.6B	$1.7B	$1.8B	$1.7B
Property, less accumulated depreciation of $262,959 and $256,016, respectively	$128.0M	$129.5M	$129.5M	$127.0M
Operating lease assets, net	$181.8M	$181.8M	$185.7M	$191.1M
Identifiable intangibles, net	$322.7M	$328.8M	$338.9M	$350.9M
Goodwill	$705.0M	$701.4M	$699.9M	$694.2M
Other assets	$70.0M	$69.3M	$66.2M	$61.0M
TOTAL ASSETS	$3.0B	$3.2B	$3.2B	$3.1B
Accounts payable	$303.1M	$258.2M	$276.9M	$282.2M
Current portion of long-term debt	$18.0M	—	—	$0
Compensation and related benefits	$88.5M	$84.4M	$73.3M	$82.3M
Other current liabilities	$127.0M	$132.9M	$147.6M	$109.6M
Total current liabilities	$536.6M	$475.5M	$497.8M	$474.2M
Long-term debt	$347.3M	$572.3M	$572.3M	$572.3M
Other liabilities	$244.7M	$237.1M	$231.7M	$241.7M
TOTAL LIABILITIES	$1.1B	$1.3B	$1.3B	$1.3B
Preferred stock—no par value; 2,500 shares authorized; none issued or outstanding	0	0	0	0
Common stock—no par value; 80,000 shares authorized; 54,213 shares issued	10.0M	10.0M	10.0M	10.0M
Additional paid-in capital	$202.4M	$200.2M	$198.2M	$196.6M
Retained earnings	$2.7B	$2.6B	$2.5B	$2.4B
Treasury shares—at cost (17,158 and 16,345 shares, respectively)	-964.5M	-870.3M	—	647.4M
Accumulated other comprehensive loss	($95.5M)	($92.3M)	($93.6M)	($106.8M)
TOTAL SHAREHOLDERS’ EQUITY	$1.9B	$1.9B	$1.9B	$1.8B
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$3.0B	$3.2B	$3.2B	$3.1B

Cash flow statement

Applied Industrial Technologies Inc cash flow statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net income	$414.5M	$393.0M	$385.8M	$346.7M
Depreciation and amortization of property	$25.9M	$24.9M	$23.4M	$22.3M
Amortization of intangibles	$40.1M	$35.6M	$28.9M	$30.8M
Deferred income taxes	$26.3M	($6.4M)	($1.1M)	($5.7M)
Provision for losses on (recoveries of) accounts receivable	$4.6M	$6.0M	($205.0K)	$5.6M
Amortization of stock appreciation rights	$5.5M	$4.7M	$3.4M	$2.8M
Other share-based compensation expense	$7.4M	$7.3M	$9.5M	$9.6M
Other	($1.3M)	$373.0K	($1.3M)	$1.1M
Accounts receivable	($66.4M)	($4.9M)	($1.9M)	($51.1M)
Inventories	($899.0K)	$29.2M	$18.4M	($43.0M)
Other operating assets	($48.5M)	($11.4M)	($25.9M)	($25.3M)
Accounts payable	$56.9M	$2.2M	($39.3M)	$37.7M
Other operating liabilities	$20.0M	$11.9M	($28.4M)	$12.4M
Cash provided by Operating Activities	$484.1M	$492.4M	$371.4M	$344.0M
Cash paid for acquisition of businesses, net of cash acquired	($11.4M)	($293.4M)	($72.1M)	($35.8M)
Capital expenditures	($23.6M)	($27.2M)	($24.9M)	($26.5M)
Proceeds from property sales	$1.1M	$1.8M	$576.0K	$1.4M
Life insurance proceeds	$0	$0	$971.0K	$0
Cash used in Investing Activities	($33.9M)	($318.8M)	($95.4M)	($60.8M)
Repayments under revolving credit facility	($310.0M)	$0	$0	$27.0M
Borrowings under revolving credit facility	$0	$0	$408.0K	$0
Long-term debt repayments	$0	($25.1M)	($25.3M)	($40.2M)
Interest rate swap settlement receipts	$5.8M	$12.1M	$14.5M	$8.8M
Payment of debt issuance costs	($1.6M)	—	$0	$0
Purchases of treasury shares	-317.2M	-152.8M	-73.4M	-716.0K
Dividends paid	($72.6M)	($63.7M)	($55.9M)	($53.4M)
Acquisition holdback payments	($1.4M)	($1.2M)	($681.0K)	($1.5M)
Exercise of stock appreciation rights and options	$0	$0	$127.0K	$127.0K
Taxes paid for shares withheld	-14.5M	-14.8M	-16.3M	-12.9M
Cash used in Financing Activities	($711.5M)	($245.6M)	($156.5M)	($126.9M)
Effect of exchange rate changes on cash	$69.0K	($226.0K)	($2.9M)	$3.3M
(Decrease) increase in cash and cash equivalents	($261.3M)	($72.2M)	$116.6M	$159.6M
Cash and cash equivalents at beginning of year	$388.4M	$460.6M	$344.0M	$184.5M
Cash and Cash Equivalents at End of Year	$127.1M	$388.4M	$460.6M	$344.0M
Interest (includes interest rate swap settlements)	$19.0M	$21.8M	$24.0M	$22.6M

Applied Industrial Technologies Inc cash flow statement, quarters

Line item	Mar 31, 2026 · YTD	Dec 31, 2025 · YTD	Sep 30, 2025 · Q1	Mar 31, 2025 · YTD
Net Income	$295.9M	$196.2M	$100.8M	$285.2M
Depreciation and amortization of property	$19.5M	$13.1M	$6.5M	$18.4M
Amortization of intangibles	$30.2M	$20.3M	$10.2M	$25.4M
Provision for losses on accounts receivable	$1.1M	($240.0K)	($1.7M)	$2.7M
Amortization of stock appreciation rights	$4.2M	$2.9M	$1.5M	$3.6M
Other share-based compensation expense	$5.4M	$3.3M	$1.8M	$5.8M
Changes in operating assets and liabilities, net of acquisitions	($55.3M)	($26.2M)	($584.0K)	$5.4M
Other, net	$18.1M	$9.7M	$751.0K	($1.1M)
Net Cash provided by Operating Activities	$319.1M	$219.0M	$119.3M	$345.3M
Net cash paid for acquisitions, net of cash acquired	($11.4M)	($2.4M)	($2.3M)	($273.3M)
Capital expenditures	($18.3M)	($13.6M)	($7.3M)	($18.3M)
Proceeds from property sales	$986.0K	$642.0K	$35.0K	$1.0M
Net Cash used in Investing Activities	($28.8M)	($15.4M)	($9.5M)	($290.6M)
Net payments under revolving credit facility	($207.0M)	—	—	—
Long-term debt repayments	$0	$0	$0	$25.1M
Interest rate swap settlement receipts	$5.8M	$5.1M	$2.7M	($9.4M)
Payment of debt issuance costs	($1.6M)	($1.6M)	—	—
Purchases of treasury shares	-236.4M	-143.4M	-53.2M	-79.8M
Dividends paid	($53.7M)	($34.7M)	($17.4M)	($46.2M)
Acquisition holdback payments	($1.4M)	($1.2M)	($1.2M)	$1.2M
Taxes paid for shares withheld	-12.8M	-11.2M	-9.5M	-14.3M
Net Cash used in Financing Activities	($507.2M)	($187.1M)	($78.6M)	($157.2M)
Effect of Exchange Rate Changes on Cash	($19.0K)	$1.0M	($907.0K)	($5.4M)
Decrease in Cash and Cash Equivalents	($216.8M)	$17.6M	$30.3M	($107.8M)
Cash and Cash Equivalents at Beginning of Period	$388.4M	$388.4M	$388.4M	$460.6M
Cash and Cash Equivalents at End of Period	$171.6M	$406.0M	$418.7M	$352.8M

Applied Industrial Technologies Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.