Applied Industrial Technologies(AIT) - 2024 Q3 - Quarterly Results

EXHIBIT 99.1 Applied Industrial Technologies Reports Fiscal 2024 Third Quarter Results and Announces Strategic Automation Acquisition • Net Sales of $1.1 Billion Up 1.3% YoY; Up 0.7% on an Organic Daily Basis • Net Income of$ 97.2 Million, or $2.48 Per Share; EBITDA of$ 135.7 Million • Operating Cash Flow of $84.2 Million; Free Cash Flow of$ 76.7 Million • Signed Definitive Agreement to Acquire Grupo Kopar, Expanding Automation Platform • Updating Fiscal 2024 Guidance CLEVELAND, OHIO (April 25, 2024) – Appl ...