Applied Industrial Tech Files 2025 10-K

TL;DR

APPLIED INDUSTRIAL TECH (APPLIED) FILED 2025 10-K. FULL FINANCIALS OUT.

AI Summary

Applied Industrial Technologies Inc. filed its 2025 10-K report, covering the fiscal year ending June 30, 2025. The company, formerly known as Bearings Inc. and Jim Brown Stores Inc., is headquartered in Cleveland, Ohio. The filing details financial performance and business operations for the period, with specific financial figures and operational data to be elaborated upon within the full report.

Why It Matters

This 10-K filing provides a comprehensive overview of Applied Industrial Technologies Inc.'s financial health and strategic direction for the fiscal year 2025, crucial for investors and stakeholders to assess performance and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2025-06-30 — Fiscal Year End (Reporting period end date)
• 2025-08-15 — Filing Date (Date the report was submitted to the SEC)

Key Players & Entities

• APPLIED INDUSTRIAL TECHNOLOGIES INC (company) — Filer
• 20250630 (date) — Fiscal Year End
• CLEVELAND (location) — Headquarters City
• OH (location) — Headquarters State
• BEARINGS INC /OH/ (company) — Former Company Name
• BROWN JIM STORES INC (company) — Former Company Name

FAQ

Key Financial Figures

• $80 billion — an addressable market of approximately $80 billion and growing, we believe our cross-selli

Filing Documents

• ait-20250630.htm (10-K) — 1975KB
• ait-2025630x10kexx411.htm (EX-4.11) — 21KB
• ait-2025630x10kexx21.htm (EX-21) — 66KB
• ait-2025630x10kexx23.htm (EX-23) — 2KB
• ait-2025630x10kexx24xpoa.htm (EX-24) — 29KB
• ait-2025630x10kexx31.htm (EX-31) — 27KB
• ait-2025630x10kexx32.htm (EX-32) — 8KB
• ait-2025630x10kexx95.htm (EX-95) — 19KB
• 0000109563-25-000080.txt ( ) — 11509KB
• ait-20250630.xsd (EX-101.SCH) — 50KB
• ait-20250630_cal.xml (EX-101.CAL) — 101KB
• ait-20250630_def.xml (EX-101.DEF) — 373KB
• ait-20250630_lab.xml (EX-101.LAB) — 905KB
• ait-20250630_pre.xml (EX-101.PRE) — 638KB
• ait-20250630_htm.xml (XML) — 1950KB

Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk 28

Quantitative and Qualitative Disclosures about Market Risk 28 Item 8.

Financial Statements and Supplementary Data 29

Financial Statements and Supplementary Data 29 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 61 Item 9A.

Controls and Procedures 61

Controls and Procedures 61 Item 9B. Other Information 64 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 64 PART III Item 10. Directors, Executive Officers and Corporate Governance 64 Item 11.

Executive Compensation 64

Executive Compensation 64 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 65

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 65 Item 13. Certain Relationships and Related Transactions, and Director Independence 65 Item 14. Principal Accountant Fees and Services 65 PART IV Item 15. Exhibits and Financial Statement Schedules 66 Item 16. Form 10-K Summary 70 SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS 71

SIGNATURES

SIGNATURES 72 Table of Contents CAUTIONARY STATEMENT UNDER PRIVATE SECURITIES LITIGATION REFORM ACT This Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (this "Annual Report"), including the documents incorporated by reference, contains statements that are forward-looking, based on management's current expectations about the future. Forward-looking statements are often identified by qualifiers such as "guidance," "expect," "believe," "plan," "intend," "will," "should," "could," "would," "anticipate," "estimate," "forecast," "may," "potential," "optimistic" and derivative or similar words or expressions. Similarly, descriptions of our objectives, strategies, plans, or goals are also forward-looking statements. These statements may discuss, among other things, expected growth, future sales, future cash flows, future capital expenditures, future performance, and the anticipation and expectations of Applied Industrial Technologies, Inc. ("Applied") and its management as to future occurrences and trends. Applied intends that the forward-looking statements be subject to the safe harbors established in the Private Securities Litigation Reform Act of 1995, as amended, and by the Securities and Exchange Commission in its rules, regulations, and releases. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements are based on current expectations regarding important risk factors, many of which are outside Applied's control. Accordingly, actual results may differ materially from those expressed in the forward-looking statements, and the making of those statements should not be regarded as a representation by Applied or another person that the results expressed in the statements will be achieved. In addition, Applied assumes no obligation to update or revise forward-looking statements, whether because of new information or events, or otherwise, except as may be required by law. Applied believes it

BUSINESS

ITEM 1. BUSINESS. In this Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (this "Annual Report"), "Applied" refers to Applied Industrial Technologies, Inc., an Ohio corporation. References to "we," "us," "our," and "the Company" refer to Applied and its subsidiaries. Headquartered in Cleveland, Ohio, Applied and its predecessor companies have engaged in business since 1923. The fiscal year end for Applied is June 30, 2025. We are a leading distributor and technical solutions provider of industrial motion, power, control, and automation technologies. Through our comprehensive network of approximately 6,800 employee associates and approximately 600 facilities including service center, fluid power, flow control, and automation operations, as well as repair shops and distribution centers, we offer a selection of more than 9.2 million stock keeping units with a focus on industrial bearings, power transmission products, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products. We market our products with a set of service solutions including inventory management, engineering, design, assembly, repair, and systems integration, as well as customized mechanical, fabricated rubber, and shop services. Our customers use our products and services for both MRO (maintenance, repair, and operating), OEM (original equipment manufacturing), and new system install applications across a variety of end markets primarily in North America, as well as Australia, New Zealand, and Singapore. Our internet address is www.applied.com. The following documents are available free of charge via hyperlink from the investor relations area of our website: Applied's Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, together with Section 16 insider beneficial stock ownership reports - these documents are posted as soon as reas

View Full Filing

View this 10-K filing on SEC EDGAR