On this page of StockholderLetter.com we present the latest annual shareholder letter from APPLIED INDUSTRIAL TECHNOLOGIES INC — ticker symbol AIT. Reading current and past AIT letters to shareholders can bring important insights into the investment thesis.
ANNUAL
DIRECTORS & LEADERSHIP TEAM BOARD OF DIRECTORS * Chairman of the Board of Directors OFFICERS * SENIOR MANAGEMENT *
TO OUR STAKEHOLDERS: NOTABLE STRATEGIC PROGRESS IN FISCAL 2025 Continued on next page
Continued from previous page One Applied FISCAL 2025 FINANCIAL HIGHLIGHTS Achieved record sales, gross margin, EBITDA, EPS, and free cash Sales of $4.6 billion, up 1.9% YoY including down 2.3% on an organic daily basis EPS of $10.12 up 3.8% YoY vs. prior-year adjusted EPS EBITDA margin of 12.3%, relatively unchanged YoY Generated $492 million of operating cash, and $465 million of free cash Deployed over $562 million toward capex, M&A, share buybacks, dividends, and debt reduction Completed four acquisitions within our Fluid Power, Automation, and Service Center operations Raised quarterly dividend 24% to $0.46 per share, our 16th dividend increase since 2010
GROWTH & MARGIN POTENTIAL BUILDING ENTERING FISCAL 2026 Continued on next page
 • shareholder letter icon 9/10/2025 Letter Continued (Full PDF)
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 • Benford's Law Stocks icon AIT Benford's Law Stock Score = 69


AIT Shareholder/Stockholder Letter Transcript:


ANNUAL

DIRECTORS & LEADERSHIP TEAM
BOARD OF DIRECTORS *
Chairman of the Board of Directors



































OFFICERS *















SENIOR MANAGEMENT *
























TO OUR STAKEHOLDERS:
NOTABLE STRATEGIC PROGRESS
IN FISCAL 2025














































Continued on next page


Continued from previous page





































          One Applied                                                                                                                  








FISCAL 2025 FINANCIAL HIGHLIGHTS
    Achieved record sales, gross margin, EBITDA, EPS, and
free cash
    Sales of $4.6 billion, up 1.9% YoY including down 2.3% on
an organic daily basis






    EPS of $10.12 up 3.8% YoY vs. prior-year adjusted EPS
    EBITDA margin of 12.3%, relatively unchanged YoY
    Generated $492 million of operating cash, and $465
million of free cash
    Deployed over $562 million toward capex, M&A, share
buybacks, dividends, and debt reduction
    Completed four acquisitions within our Fluid Power,
Automation, and Service Center operations
    Raised quarterly dividend 24% to $0.46 per share, our
16th dividend increase since 2010

GROWTH & MARGIN POTENTIAL
BUILDING ENTERING FISCAL 2026



















































Continued on next page


shareholder letter icon 9/10/2025 Letter Continued (Full PDF)
 

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