Applied Industrial Technologies — Oct 28, 2025 release

2.63 Per Diluted Share Up 11.4% YoY • Operating Income of $129.0 Million; EBITDA of $146.3 Million Up 13.4% YoY • Operating Cash Flow of $119.3 Million; Free Cash Flow of $112.0 Million • Increasing FY26 EPS Guidance to $10.10 to $10.85 • Reiterate FY26 Sales and EBITDA Margin Guidance CLEVELAND, OHIO (October 28, 2025) – Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2026 first quarter ended September 30, 2025. Net sales for the quarter of $1.2 billion increased 9.2% over the prior year. The change includes a 6.3% increase from acquisitions, partially offset by a negative 0.1% impact from foreign currency translation. Excluding these factors, sales increased 3.0% on an organic basis reflecting a 4.4% increase in the Service Center segment and a 0.4% decrease in the Engineered Solutions segment. The Company reported net income of $100.8 million, or $2.63 per share, and EBITDA of $146.3 million. On a pre-tax basis, results include $2.6 million ($0.05 after tax per share) of LIFO expense compared to $2.0 million ($0.04 after tax per share) of LIFO expense in the prior-year period. Neil A. Schrimsher, Applied’s President & Chief Executive Officer, commented, “We had a solid first quarter, delivering double-di