Applied Industrial Technologies announced its fiscal 2025 first quarter results, reporting net sales of $1.1 billion, a 0.3% increase over the prior year. Organic daily sales, however, decreased by 3.0% during the quarter. The company's net income reached $92.1 million, translating to $2.36 per share, while EBITDA stood at $129.0 million.
The company's profitability was supported by a lower LIFO expense of $2.0 million, compared to $4.6 million in the prior-year period. A significant highlight was the nearly doubled free cash flow, reaching a record $122.2 million for the first quarter. This strong cash generation provides substantial financial flexibility for future investments and strategic initiatives.
Applied Industrial Technologies modestly increased its fiscal 2025 EPS guidance to a range of $9.25 to $10.00, up from the previous $9.20 to $9.95. Sales guidance for the full year was maintained at flat to up 2.5%, with organic daily sales projected to be down 4.0% to up 1.0%. EBITDA margins are expected to remain between 12.1% and 12.3%, reflecting ongoing economic uncertainty.
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