Applied Industrial Technologies reported fiscal 2025 third quarter net sales of $1.2 billion, an increase of 1.8% year-over-year. Diluted EPS was $2.57, and EBITDA reached $144.9 million, up 6.8% from the prior year. Gross profit margin expanded by 95 basis points to 30.5%, driven by internal initiatives and a favorable mix.
The company achieved record third-quarter cash generation, with year-to-date free cash flow increasing 39% to $327 million. AIT also announced the acquisition of IRIS Factory Automation, a provider of turnkey productized solutions for material handling and traceability workflows, expected to add approximately $10 million in annual sales. This acquisition expands AIT's automation platform and is expected to close this week.
Applied Industrial Technologies' Board of Directors authorized a new share buyback program to repurchase up to 1.5 million shares, replacing the previous plan. The company adjusted its fiscal 2025 EPS guidance to $9.85 to $10.00 and total sales growth to flat to up 1%, reflecting ongoing macro uncertainty. Order and backlog trends in higher-margin engineered solutions remain positive, with automation orders up over 30% year-over-year.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.