Applied Indl Technologies Inc SEC Filings

Applied Industrial Technologies (AIT) reported first‑quarter results. Net sales were $1,199,523,000, up 9.2% year over year, and net income was $100,807,000. Diluted EPS rose to $2.63 from $2.36. Gross margin improved to 30.1% and operating income reached $129,030,000, a 10.8% margin.

Acquisitions contributed $69.7 million to sales, led by Hydradyne, which added $66.6 million of sales and $4.4 million of net income in the quarter. Service Center net sales were $782,474,000, up 4.4%, while Engineered Solutions grew to $417,049,000, up 19.4% with most growth from acquisitions.

Operating cash flow was $119,317,000. The company repurchased 204,136 shares for $53.2 million at an average price of $260.49 and paid dividends of $17.4 million. Cash ended at $418,716,000. Total debt was $572,300,000, including $384,000,000 on the revolver and $188,300,000 under the accounts receivable securitization facility. After quarter‑end, AIT entered a new $900,000,000 five‑year revolving credit facility with an accordion up to $800,000,000.

Applied Industrial Technologies (AIT) furnished an earnings press release for its fiscal 2026 first quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.

The information was furnished under Item 2.02 and is not deemed filed for purposes of Section 18 of the Exchange Act. Common stock trades on the NYSE under the symbol AIT.

Applied Industrial Technologies (AIT) entered a new senior unsecured Credit Agreement providing a $900 million revolving credit facility to refinance its prior facility and fund working capital and other general corporate purposes, which may include acquisitions. The agreement, with KeyBank as Administrative Agent, includes a $25 million swing line sublimit and a $50 million letter of credit sublimit, and permits up to $800 million of additional commitments via revolver upsizing or incremental term loans.

The facility matures on October 24, 2030 and is guaranteed by certain U.S. and foreign subsidiaries. Borrowings bear interest at either the base rate plus 0–35 bps or adjusted term SOFR plus 80–135 bps, in each case based on AIT’s net leverage ratio. Covenants include a minimum interest coverage ratio of 2.75x and a maximum net leverage ratio of 3.75x, which may increase to 4.25x in connection with certain material acquisitions. The agreement contains customary fees, covenants, and events of default and replaces AIT’s prior $900 million credit agreement dated December 9, 2021.

Applied Industrial Technologies (AIT) reported the results of its annual meeting held on October 21, 2025. There were 37,751,071 shares of common stock entitled to vote.

Shareholders elected three directors for three-year terms: Mary Dean Hall (For 28,555,324; Withheld 3,722,211; Broker non-votes 2,096,107), Joe A. Raver (For 28,731,867; Withheld 3,545,668; Broker non-votes 2,096,107), and Richard J. Simoncic (For 31,089,269; Withheld 1,188,266; Broker non-votes 2,096,107). The terms of six other directors continue.

Shareholders approved the nonbinding advisory vote on executive compensation (For 31,401,048; Against 799,147; Abstain 77,340; Broker non-votes 2,096,107) and ratified Deloitte & Touche LLP as independent auditors for the fiscal year ending June 30, 2026 (For 32,963,439; Against 1,384,038; Abstain 26,165).

Peter C. Wallace, a director of Applied Industrial Technologies, reported changes in his beneficial ownership on Form 4. The filing shows a Common Stock transaction dated 09/30/2025 labeled Code V: 5.647 shares acquired at $255.01. The report also lists 28,491 Common Stock shares disposed of from a Deferred Compensation Plan and a post-transaction beneficial ownership figure of 3,241.404 shares (indirect). The form is signed by Patricia A. Comai, POA, dated 10/02/2025.

Applied Industrial Technologies presents its 2025 proxy materials including director elections, advisory 'Say on Pay', and auditor ratification. The proxy describes the company’s governance and compensation framework emphasizing a pay-for-performance philosophy: in 2025 an average of 69% of targeted primary compensation for NEOs (and 84% for the CEO) was performance‑tied. The Compensation Committee uses an independent consultant, sets market‑median targets among peers, maintains significant stock ownership guidelines, clawback provisions, double‑trigger change‑in‑control vesting, and limits perquisites. The proxy also provides voting instructions, proxy return deadlines, and Retirement Savings Plan voting procedures.

Applied Industrial Technologies (AIT) reporting person Jason W. Vasquez filed a Form 4 disclosing a correction to a previously reported sale. The broker rescinded a sale transaction on September 2, 2025 due to broker error, and the rescission was reported on the Form 4 filed September 4, 2025. The filing shows an entry of 5,447 shares acquired (transaction code J(1)) and a post-transaction beneficial ownership of 19,938 shares reported as direct holdings. The report also lists 866.565 shares held indirectly in a Retirement Savings Plan. The signature was submitted by a power of attorney on the reporting person's behalf.

Kurt W. Loring, Vice President and Chief HR Officer of Applied Industrial Technologies, reported a sale of 8,523 shares of Applied Industrial Technologies, Inc. (AIT) on 08/22/2025 at a weighted average price of $267.06 per share. After the reported transaction he beneficially owned 19,273 shares directly and 33.321 shares indirectly through a Retirement Savings Plan. The Form 4 was signed by Patricia A. Comai as POA on 08/25/2025.

Applied Industrial Technologies reported a Notice of Proposed Sale on Form 144 indicating an intended sale of 8,523 common shares through Charles Schwab & Co., with an aggregate market value of $2,276,171 and an approximate sale date of 08/22/2025 on the NYSE. The filing shows these shares derive from recent equity compensation events: 835 shares from restricted stock lapse (08/09/2025), 2,290 shares from a performance award lapse (08/12/2025), and 5,398 shares from stock appreciation rights (08/20/2025). The filer states no sales in the past three months and includes the standard representation that no material nonpublic information is known.