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Sep 30, 2024
Applied Industrial Technologies Q1 2025 Earnings Report
Applied Industrial Technologies reported first quarter results for fiscal year 2025.
Key Takeaways
Applied Industrial Technologies reported a slight increase in net sales, a decrease in net income, and an increase in free cash flow for the first quarter of fiscal year 2025. The company is increasing its FY25 EPS guidance while maintaining sales and EBITDA margin guidance.
Net sales increased by 0.3% year-over-year to $1.1 billion.
Net income decreased by 1.0% year-over-year to $92.1 million, or $2.36 per share.
Free cash flow nearly doubled over the prior year to $122.2 million.
FY25 EPS guidance increased to $9.25 to $10.00.
Forward Guidance
The Company is modestly increasing fiscal 2025 EPS guidance to a range of $9.25 to $10.00. The Company is maintaining guidance for sales of down 2.5% to up 2.5% including down 4.0% to up 1.0% on an organic daily basis, as well as EBITDA margins of 12.1% to 12.3%.
Positive Outlook
- Easing interest rates
- Easier comparisons
- Potential for stronger sales
- Potential for stronger earnings trends
- Greater capital deployment focused on growth investments
Challenges Ahead
- Near-term sales to remain choppy
- Customers slowly reengage production
- Customers slowly reengage capital investments
- Seasonally slower fall and winter months
- Ongoing economic uncertainty and potential margin pressures
Historical Earnings Impact
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Avg. Return Before/After Earnings
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