Financial Data and Key Metrics Changes - The company reported a consolidated sales increase of 1.8% year over year, with acquisitions contributing 0.66% to growth, while organic sales decreased by 3.1% on a daily basis [24][25] - Gross margins improved by 95 basis points to 30.5%, and EBITDA margins increased by 59 basis points to 12.4% [28][32] - Free cash flow rose by 50% year over year in the third quarter, totaling $114.9 million, with year-to-date free cash flow up 39% [11][33] Business Line Data and Key Metrics Changes - The Service Center segment experienced a 1.6% decline in organic sales, which was an improvement from the previous quarter's decline of 1.9% [25][26] - The Engineered Solutions segment saw a 13.5% increase in sales year over year, with acquisitions contributing 20.8% growth, while organic sales decreased by 6.5% [27] - Segment EBITDA for the Service Center increased by 6.4% despite a decrease in total sales, while the Engineered Solutions segment's EBITDA increased by 10.2% [26][28] Market Data and Key Metrics Changes - Demand across the Service Center segment improved, with average daily sales increasing nearly 4% sequentially [14] - The top 30 end markets showed improvement, with 16 markets generating positive sales growth year over year compared to 11 in the previous quarter [14] - Orders in the Engineered Solutions segment increased by 3% year over year and 8% sequentially, with automation orders growing over 30% year over year [15][16] Company Strategy and Development Direction - The company is focused on internal growth, gross margin initiatives, and cost controls, with a strong emphasis on M&A activity, including the recent acquisition of Hydrodyne and a definitive agreement to acquire Iris Factory Automation [11][12][39] - The strategy includes expanding the engineered solutions segment both organically and through acquisitions, with a focus on cross-selling opportunities and enhancing product offerings [10][12] - The company aims to leverage its strong balance sheet and cash generation capabilities to enhance growth and shareholder returns through capital allocation [11][13] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains volatile due to global trading dynamics and tariff uncertainties, which could impact industrial production and capital spending [17][20] - Despite the challenges, there are positive signs of demand recovery in certain markets, and management remains optimistic about the company's positioning and growth potential [14][39] - The company expects to see continued benefits from internal initiatives and the integration of recent acquisitions, with a constructive outlook for fiscal 2026 and beyond [36][39] Other Important Information - The company has repurchased over 330,000 shares for approximately $80 million year to date, with a new share repurchase authorization of 1.5 million shares approved by the Board [13][33] - The company is actively managing supplier relationships to mitigate the impact of tariffs and inflationary pressures, with limited direct exposure to tariff costs [21][22] Q&A Session Summary Question: How is the company assessing the impact of China sourcing and production slowdowns? - Management indicated that while they do not have complete insight, positive trends were observed in the top 30 markets, particularly in technology and food and beverage sectors [41][42] Question: Can Fluid Power pivot in the first half of fiscal 2026? - Management suggested that there could be positive trends in Fluid Power, with automation orders showing strong growth, indicating potential recovery [46][49] Question: How does the company approach guidance in light of tariff-driven price increases? - Management stated that they are factoring in expected price inflation and have seen a contribution of approximately 100 basis points from pricing in the third quarter [54][56] Question: What is the company's view on capital deployment priorities? - Management emphasized that growth remains the priority, with a focus on organic investments and M&A, while maintaining a disciplined approach to share repurchases [90][92] Question: What is the current sentiment around reshoring investments? - Management noted ongoing discussions about reshoring, with expectations of continued investments in facilities and manufacturing, which could benefit the company [99]

Financial Data and Key Metrics Changes - The company reported a consolidated sales increase of 1.8% year over year, with acquisitions contributing 0.66% to growth, while organic sales declined by 3.1% on a daily basis [24][25] - Gross margins improved to 30.5%, up 95 basis points from 29.5% in the prior year, driven by strong channel execution and ongoing margin initiatives [29][30] - EBITDA increased by 6.8% year over year, with an EBITDA margin expansion of 59 basis points to 12.4% [33] Business Line Data and Key Metrics Changes - The Service Center segment saw a 1.6% decline in organic sales year over year, but EBITDA increased by 6.4%, with EBITDA margin expanding by 140 basis points to 14.7% [26][27] - The Engineered Solutions segment experienced a 13.5% increase in sales year over year, with acquisitions contributing 20.8% growth; however, organic sales decreased by 6.5% [28] - Orders in the Engineered Solutions segment increased by 3% year over year and 8% sequentially, with automation orders growing over 30% year over year [14][28] Market Data and Key Metrics Changes - Demand across the Service Center segment improved, with average daily sales increasing nearly 4% sequentially compared to the second quarter [13] - The company noted that 16 out of its top 30 end markets generated positive sales growth year over year, an improvement from 11 in the previous quarter [13] - Growth was strongest in technology, food and beverage, pulp and paper, aggregates, and transportation markets [14] Company Strategy and Development Direction - The company is focused on internal growth initiatives, margin expansion, and cost management, with a strong emphasis on M&A activity, including the recent acquisition of Hydrodyne and a definitive agreement to acquire Iris Factory Automation [10][11][12] - The company aims to leverage its strong balance sheet and cash generation capabilities to enhance growth and shareholder returns through capital allocation [9][10] - The strategic focus includes expanding the engineered solutions segment and enhancing cross-selling opportunities [11][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a mixed demand environment, with ongoing macroeconomic uncertainties impacting industrial production and capital spending [12][17] - The company expects continued conservative management of operational and capital spending by customers amid evolving trade policies and inflationary pressures [38][39] - Management remains optimistic about the long-term growth potential, particularly in the Engineered Solutions segment, as order trends show signs of improvement [40] Other Important Information - The company has repurchased over 330,000 shares for approximately $80 million year to date, with a new share repurchase authorization of 1.5 million shares approved by the Board [12][34] - Free cash flow increased by 50% year over year in the third quarter, reflecting strong cash generation and working capital management [9][34] Q&A Session Summary Question: How is the company thinking about the mix of customers that might be levered to China sourcing and production slowdowns? - Management noted positive trends in the top 30 customers, particularly in technology and food and beverage sectors, which are expected to remain resilient [42][43] Question: Can Fluid Power pivot in the first half of fiscal 2026? - Management indicated that there could be positive trends in Fluid Power, with automation orders showing strong growth and inventory levels normalizing [46][48] Question: How does the company approach setting guidance in relation to tariff-driven price increases? - Management stated that they are factoring in expected price inflation and have seen a contribution of approximately 100 basis points from pricing in the third quarter [56][61] Question: What is the company's view on the resilience of MRO demand? - Management expressed confidence in the resilience of MRO demand, noting that it constitutes 70% of total sales and remains stable despite some deferrals in planned projects [62][63] Question: What is the outlook on reshoring investments? - Management reported ongoing discussions around reshoring, with expectations for increased capital and operating investments as companies consider moving production closer to home [100][101]

Financial Performance - Net sales for Q3 2025 were $1.2 billion, an increase of 1.8% year-over-year, with a 6.6% contribution from acquisitions[4] - Net income reached $99.8 million, or $2.57 per share, reflecting a 3.7% increase compared to the previous year[6] - EBITDA for the quarter was $144.9 million, up 6.8% year-over-year, with EBITDA margins expanding due to effective cost management[6] - The company reported a 3.1% organic sales decline, with expectations of continued end-market weakness in the near term[5] - Net income for the nine months ended March 31, 2025, was $285,152,000, compared to $282,271,000 for the same period in 2024, reflecting a slight increase[24] - EBITDA for the nine months ended March 31, 2025, was $409,031,000, compared to $399,865,000 for the same period in 2024, showing a growth of approximately 2.8%[27] - The company reported a diluted adjusted net income per share of $7.10 for the nine months ended March 31, 2024, compared to $7.18 for the same period in 2023[26] Cash Flow and Dividends - Operating cash flow was $122.5 million, and free cash flow increased by 50% year-over-year to $114.9 million[6] - Net cash provided by operating activities increased to $345,337,000 for the nine months ended March 31, 2025, from $252,159,000 in 2024, representing a growth of approximately 37%[24] - Free cash flow for the nine months ended March 31, 2025, was $327,042,000, up from $234,805,000 in 2024, indicating an increase of about 39%[28] - The company paid dividends totaling $46,159,000 in the nine months ended March 31, 2025, compared to $41,524,000 in 2024, marking an increase of approximately 11%[24] - A quarterly cash dividend of $0.46 per common share was declared, payable on May 30, 2025[11] Acquisitions and Capital Expenditures - The company announced the acquisition of IRIS Factory Automation, expected to close soon, enhancing its automation platform[8] - The company incurred $273,312,000 in cash outflows for the acquisition of businesses during the nine months ended March 31, 2025, significantly higher than $21,440,000 in 2024[24] - Capital expenditures for the nine months ended March 31, 2025, were $18,295,000, compared to $17,354,000 in 2024, reflecting a slight increase[24] Guidance and Market Conditions - The company updated its fiscal 2025 guidance, projecting EPS of $9.85 to $10.00, down from the previous range of $9.65 to $10.05[7] - The total assets increased to $3.12 billion as of March 31, 2025, compared to $2.95 billion a year earlier[22] - The tax rate for adjusted net income was 21.8% for the nine months ended March 31, 2024[26] - The effect of exchange rate changes resulted in a cash decrease of $5,361,000 during the nine months ended March 31, 2025[24] Share Repurchase - A new share repurchase authorization was announced for up to 1.5 million shares, replacing the prior plan[10]

Financial Performance - Sales increased by 1.8% year-over-year, reaching $1.167 billion in Q3 2025 compared to $1.146 billion in Q3 2024 [9, 10] - EBITDA increased by 6.8% year-over-year, from $135.7 million in Q3 2024 to $144.9 million in Q3 2025 [10, 11] - Earnings per share (EPS) increased by 3.7% year-over-year, from $2.48 in Q3 2024 to $2.57 in Q3 2025 [9, 10] - Gross margin increased by 95 basis points year-over-year, reaching 30.5% in Q3 2025 compared to 29.5% in the prior year [11, 25] - Operating cash flow was $122.5 million, and free cash flow was $114.9 million, up 50% year-over-year [11, 32] Segment Performance - Service Center Distribution segment sales decreased by 3.5% year-over-year in Q3 2025 [17] - Engineered Solutions segment sales increased by 13.5% year-over-year in Q3 2025 [24] - Hydradyne Acquisition contributed nearly $59 million in sales and nearly $6 million in EBITDA during F3Q25 [15] Sales Trend - Organic daily sales decreased by 3.1% year-over-year [10, 13] - Average daily sales organic sequential increase of +2% in F3Q25 was ~200 bps below normal seasonal patterns [13] Guidance and Outlook - Fiscal year 2025 sales are projected to increase by 0% to 1% year-over-year [40] - Fiscal year 2025 EBITDA margin is expected to be between 12.3% and 12.4% [40] - The company anticipates over $400 million of free cash flow in fiscal year 2025 [15]

Core Viewpoint - Emerson Electric Co. is experiencing growth due to strong performance across its segments and strategic acquisitions, making it an attractive option for investors [1][3]. Segmental Strength - Healthy demand in most end markets is positively impacting Emerson's results, with underlying sales increasing by 2% in the fiscal first quarter [3]. - The Intelligent Devices and Software and Control segments are showing solid momentum, particularly in the Final Control business and Measurement & Analytical business, supported by robust growth across geographies and strong backlog conversion [4]. Accretive Acquisitions - Emerson is enhancing its product portfolio through acquisitions, including a deal to acquire the remaining shares of AspenTech for $265 per share, increasing its ownership to 100% [5]. - The acquisitions of Afag and Flexim in the fourth quarter of fiscal 2023 have expanded Emerson's capabilities in factory automation and flow measurement [6]. - The recent acquisition of National Instruments for $8.2 billion has strengthened Emerson's position in global automation, particularly in high-growth markets such as semiconductors and electric vehicles [7]. Rewards to Shareholders - Emerson is committed to returning value to shareholders, having paid out $301 million in dividends and repurchased $899 million in common stocks in the fiscal first quarter [8]. - The company plans to repurchase shares worth $2 billion and distribute $1.2 billion in dividends in fiscal 2025, alongside a 0.5% dividend increase in November 2024 [8]. Business Weakness - Despite overall strength, Emerson is facing challenges in the Safety & Productivity, Discrete Automation, and Test & Measurement segments, with sales declines of 3%, 5%, and 6% respectively in the first quarter of fiscal 2025 [9]. Forex Woes - Emerson's international operations expose it to currency fluctuation risks, with adverse foreign currency translation impacting sales by 1% year over year in the fourth quarter and an expected impact of approximately 1.5% in fiscal 2025 [10].

Financial Performance - Net sales for the three months ended December 31, 2024, were $1,073,001, a slight decrease of 0.02% compared to $1,077,153 in the same period of 2023[11]. - Gross profit increased to $328,050 for the three months ended December 31, 2024, representing a 3.1% increase from $317,090 in 2023[11]. - Operating income for the six months ended December 31, 2024, was $234,042, a decrease of 0.5% compared to $235,274 in 2023[11]. - Net income for the three months ended December 31, 2024, was $93,290, up 2.3% from $91,228 in 2023[11]. - Net income for the six months ended December 31, 2024, was $185,353 thousand, compared to $185,054 thousand for the same period in 2023, reflecting a slight increase of 0.2%[29]. - Net income for the six months ended December 31, 2024, was $189,609, slightly up from $186,067 in 2023, representing an increase of 1.4%[47]. - The company reported a comprehensive loss of $19,326 thousand for the six months ended December 31, 2024, compared to a comprehensive loss of $7,074 thousand for the same period in 2023[29]. - The company reported a comprehensive income of $73,964 for the three months ended December 31, 2024, compared to $93,952 in 2023, indicating a decrease of 21.3%[13]. Assets and Liabilities - Total assets increased to $3,044,641 as of December 31, 2024, compared to $2,951,910 as of June 30, 2024, reflecting a growth of 3.1%[16]. - Total liabilities decreased slightly to $1,251,129 as of December 31, 2024, from $1,263,129 as of June 30, 2024[16]. - The company’s retained earnings increased to $2,292,902 as of December 31, 2024, compared to $2,121,838 as of June 30, 2024, indicating a growth of 8.1%[16]. - Total shareholders' equity increased to $1,793,512 thousand as of December 31, 2024, up from $1,688,781 thousand as of June 30, 2024, representing an increase of approximately 6.2%[29]. - Total debt as of December 31, 2024, was $572,300, down from $597,405 as of June 30, 2024[59]. Cash Flow and Investments - Cash and cash equivalents decreased to $303,441 as of December 31, 2024, down from $460,617 as of June 30, 2024[16]. - The company reported a net cash provided by operating activities of $222,884 for the six months ended December 31, 2024, compared to $167,967 in 2023, an increase of 32.6%[20]. - Cash used in investing activities increased significantly to $283.0 million, primarily due to acquisitions, compared to $30.8 million in the prior year[124]. - The Company repurchased 127,376 shares of common stock for $30.0 million during the six months ended December 31, 2024, compared to $10.7 million for 62,947 shares in the prior year[125]. Acquisitions - The company made acquisitions totaling $273,142 during the six months ended December 31, 2024, compared to $21,440 in the same period of 2023[20]. - The acquisition of Hydradyne, completed on December 31, 2024, was valued at $276,091 and is expected to enhance the Engineered Solutions segment[43]. - The Company acquired Total Machine Solutions for $6,500, with net tangible assets of $1,024 and identifiable intangible assets of $2,738, resulting in goodwill of $2,738[48]. - The acquisition of Stanley Proctor was completed for $3,924, with net tangible assets of $498 and identifiable intangible assets of $1,725, leading to goodwill of $1,701[49]. - Grupo Kopar was acquired for $61,225, with net liabilities of $2,870 and total intangible assets including goodwill of $64,095[50]. - Bearing Distributors, Inc. was acquired for $17,926, with net tangible assets of $4,102 and intangible assets including goodwill of $13,824[51]. - Cangro Industries, Inc. was acquired for $6,219, with net tangible assets of $2,070 and intangible assets including goodwill of $4,149[53]. Revenue and Sales - Total revenue for the three months ended December 31, 2024, was $1,073,001, a slight decrease of 0.2% compared to $1,077,153 in the same period of 2023[37]. - For the six months ended December 31, 2024, total revenue was $2,171,945, remaining relatively stable compared to $2,172,341 in 2023[38]. - The United States contributed $929,549 to total revenue in Q2 2024, down from $944,652 in Q2 2023, reflecting a decrease of 1.6%[37]. - The Fluid Power segment represented 20.0% of total revenue for the three months ended December 31, 2024, consistent with the previous year[38]. - General Industry accounted for 35.4% of total revenue in Q2 2024, compared to 36.0% in Q2 2023, showing a shift in revenue distribution[38]. Expenses and Margins - Selling, distribution, and administrative expenses (SD&A) increased by $4.7 million or 2.3%, with SD&A as a percentage of sales rising to 19.3%[97]. - Operating income increased by $6.3 million or 5.5%, with operating income as a percentage of sales rising to 11.3% from 10.6%[98]. - The gross profit margin improved to 30.6% for the quarter ended December 31, 2024, compared to 29.4% in the prior year[88]. - The company incurred $1,473 in third-party costs related to the Hydradyne acquisition during the six months ended December 31, 2024[43]. Accounting and Compliance - The company is currently evaluating the impacts of recently issued accounting guidance on its financial statements and related disclosures, which may affect future reporting[32]. - The company expects that the new accounting standards will not have a material impact on its consolidated financial statements but will enhance disclosures[33]. - The effective income tax rate increased to 22.3% for the six months ended December 31, 2024, compared to 21.1% for the same period in 2023, with an expected full-year tax rate for fiscal 2025 in the range of 23.0% to 24.0%[118].

Fiscal Q2 2025 Recap January 29, 2025 - The Premier Provider of Advanced Motion, Power, Control, & Automation Solutions to Critical Industrial Infrastructure - Safe Harbor Statement This presentation contains statements that are forward-looking, as that term is defined by the Securities and Exchange Commission in its rules, regulations and releases. Applied intends that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are often identified by qualifie ...

EXHIBIT 99.1 Applied Industrial Technologies Reports Fiscal 2025 Second Quarter Results CLEVELAND, OHIO (January 29, 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 2025 second quarter ended December 31, 2024. Net sales for the quarter of $1.1 billion decreased 0.4% over the prior year. The c ...

PART I: FINANCIAL INFORMATION [ITEM 1: FINANCIAL STATEMENTS](index=4&type=section&id=Item%201%3A%20Financial%20Statements) Presents unaudited condensed consolidated financial statements for Q1 2024 and 2023, including income, balance sheet, cash flow, and equity, with detailed notes [Condensed Statements of Consolidated Income](index=4&type=section&id=Condensed%20Statements%20of%20Consolidated%20Income) Summarizes the company's financial performance, including net sales, gross profit, operating income, and net income for the quarter Metric (in thousands, except per share) | Metric (in thousands, except per share) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :-------------------------------------- | :------------------------------ | :------------------------------ | | Net sales | $1,098,944 | $1,095,188 | | Gross profit | $325,082 | $325,082 | | Operating income | $113,172 | $120,680 | | Net income | $92,063 | $93,826 | | Net income per share - diluted | $2.36 | $2.39 | - **Net sales** saw a slight increase of **0.3%** year-over-year, while **operating income** decreased by **6.2%** and **net income** decreased by **1.9%**. **Diluted EPS** also declined by **1.3%**[6](index=6&type=chunk)[60](index=60&type=chunk) [Condensed Statements of Consolidated Comprehensive Income](index=5&type=section&id=Condensed%20Statements%20of%20Consolidated%20Comprehensive%20Income) Presents net income and other comprehensive income/loss components, leading to total comprehensive income for the quarter Metric (in thousands) | Metric (in thousands) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | :------------------------------ | :------------------------------ | | Net income | $92,063 | $93,826 | | Total other comprehensive loss, before tax | $(11,121) | $(7,304) | | Comprehensive income, net of tax | $83,121 | $86,752 | - **Comprehensive income, net of tax**, decreased by **4.2%** year-over-year, primarily driven by an increase in **total other comprehensive loss** before tax, which rose from **$(7,304) thousand** in 2023 to **$(11,121) thousand** in 2024[9](index=9&type=chunk) [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Details the company's financial position, including assets, liabilities, and shareholders' equity at quarter-end Metric (in thousands) | Metric (in thousands) | September 30, 2024 | June 30, 2024 | | :------------------------------------- | :----------------- | :------------ | | TOTAL ASSETS | $3,003,211 | $2,951,910 | | TOTAL LIABILITIES | $1,251,134 | $1,263,129 | | TOTAL SHAREHOLDERS' EQUITY | $1,752,077 | $1,688,781 | | Cash and cash equivalents | $538,520 | $460,617 | | Total current assets | $1,809,550 | $1,769,901 | | Total current liabilities | $478,300 | $501,100 | - **Total assets** increased by **1.7%** from June 30, 2024, to September 30, 2024, while **total liabilities** decreased by **0.9%**. **Shareholders' equity** increased by **3.7%** over the same period, driven by higher **retained earnings** and **cash balances**[11](index=11&type=chunk)[12](index=12&type=chunk) [Condensed Statements of Consolidated Cash Flows](index=7&type=section&id=Condensed%20Statements%20of%20Consolidated%20Cash%20Flows) Outlines cash flows from operating, investing, and financing activities, showing changes in cash and cash equivalents Metric (in thousands) | Metric (in thousands) | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :------------------------------------------ | :------------------------------ | :------------------------------ | | Net Cash provided by Operating Activities | $127,747 | $66,209 | | Net Cash used in Investing Activities | $(15,216) | $(25,657) | | Net Cash used in Financing Activities | $(34,047) | $(22,483) | | Increase in Cash and Cash Equivalents | $77,903 | $16,379 | - **Net cash provided by operating activities** significantly increased by **93%** year-over-year, primarily due to favorable changes in **working capital**. **Net cash used in investing activities** decreased, while **net cash used in financing activities** increased, largely due to **share repurchases**[15](index=15&type=chunk)[69](index=69&type=chunk)[70](index=70&type=chunk) [Condensed Statements of Shareholders' Equity](index=8&type=section&id=Condensed%20Statements%20of%20Shareholders'%20Equity) Presents changes in shareholders' equity, including retained earnings, treasury shares, and accumulated other comprehensive loss Metric (in thousands) | Metric (in thousands) | September 30, 2024 | June 30, 2024 | | :-------------------------------------------------- | :----------------- | :------------ | | Total Shareholders' Equity | $1,752,077 | $1,688,781 | | Retained Earnings | $2,213,868 | $2,121,838 | | Treasury Shares—at cost | $(576,608) | $(559,269) | | Accumulated other comprehensive loss | $(86,508) | $(77,566) | - **Shareholders' equity** increased by **$63.3 million** from June 30, 2024, to September 30, 2024, driven by **net income** of **$92.1 million**, partially offset by **cash dividends** and purchases of **common stock** for treasury[17](index=17&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations and disclosures for the condensed consolidated financial statements [1. BASIS OF PRESENTATION](index=9&type=section&id=Note%201.%20BASIS%20OF%20PRESENTATION) Explains the basis of financial statement preparation, accounting policies, and impact of new accounting guidance - The financial statements are unaudited and prepared in accordance with GAAP for interim financial information. The Company uses the **LIFO method** for U.S. inventories, with **LIFO expense** decreasing from **$4,591 thousand** in Q1 2023 to **$1,976 thousand** in Q1 2024[20](index=20&type=chunk)[21](index=21&type=chunk) - New accounting guidance (ASU 2023-09 for income tax disclosures and ASU 2023-07 for segment disclosures) has been issued, with effective dates in fiscal years beginning after December 15, 2023/2024. The Company has not yet determined the impact[22](index=22&type=chunk) [2. REVENUE RECOGNITION](index=9&type=section&id=Note%202.%20REVENUE%20RECOGNITION) Details revenue recognition policies, including net sales by geographic area, customer industry, and product line Net Sales by Geographic Area (in thousands) | Geographic Areas | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :----------------- | :------------------------------ | :------------------------------ | | United States | $957,233 | $959,358 | | Canada | $71,476 | $75,300 | | Other countries | $70,235 | $60,530 | | Total | $1,098,944 | $1,095,188 | Percentage of Revenue by Major Customer Industry (2024 vs 2023) | Industry | 2024 Total | 2023 Total | | :------------------- | :--------- | :--------- | | General Industry | 36.4 % | 35.5 % | | Industrial Machinery | 12.5 % | 14.1 % | | Food | 11.5 % | 10.3 % | | Metals | 10.3 % | 9.9 % | | Forest Products | 9.2 % | 9.7 % | | Chem/Petrochem | 6.9 % | 7.0 % | | Cement & Aggregate | 5.5 % | 5.2 % | | Transportation | 4.1 % | 3.7 % | | Oil & Gas | 3.6 % | 4.6 % | Percentage of Revenue by Product Line (2024 vs 2023) | Product Line | 2024 Total | 2023 Total | | :--------------------- |

Fiscal Q1 2025 Recap October 24, 2024 - The Premier Provider of Advanced Motion, Power, Control, & Automation Solutions to Critical Industrial Infrastructure - Safe Harbor Statement 2 This presentation contains statements that are forward-looking, as that term is defined by the Securities and Exchange Commission in its rules, regulations and releases. Applied intends that such forward-looking statements be subject to the safe harbors created thereby. Forward-looking statements are often identified by qualif ...