Applied Industrial Technologies, Inc. reported a consolidated revenue of $4.56 billion for the fiscal year ending June 30, 2025, marking an increase of $84 million or 1.9% compared to the previous year. The growth was driven by acquisitions that contributed $193 million, while unfavorable foreign currency translation reduced sales by $23.7 million. The company's gross profit margin improved to 30.3%, up from 29.8% in fiscal 2024, although the operating margin slightly decreased to 10.9% from 11.1%. Diluted earnings per share rose to $10.12, compared to $9.83 in the prior year.
In terms of operational changes, Applied Industrial Technologies expanded its workforce to approximately 6,800 employees, up from 6,500 the previous year, and increased its number of operating facilities to around 600. The company also underwent significant acquisitions, including Hydradyne, which was completed on December 31, 2024, and contributed $124.5 million in sales since its acquisition. Other acquisitions included IRIS Factory Automation and Total Machine Solutions, which further enhanced the company's capabilities in automation and fluid power solutions.
The Service Center segment, which focuses on maintenance, repair, and operations (MRO), experienced a decline in sales of $42.2 million, or 1.4%, primarily due to softer MRO spending. Conversely, the Engineered Solutions segment saw an increase in sales of $126.2 million, or 8.9%, largely attributed to acquisitions. The U.S. operations generated 88% of total sales, with international operations contributing 12%, primarily from Canada and other countries.
Looking ahead, Applied Industrial Technologies anticipates continued growth driven by various industry trends, including increased manufacturing activity in North America and a focus on supply chain resiliency. The company plans to leverage its technical expertise and expanded product offerings to capture market share in sectors such as food and beverage, semiconductor manufacturing, and alternative energy. Management remains optimistic about the potential for margin expansion through operational improvements and the ongoing integration of acquired businesses.
About APPLIED INDUSTRIAL TECHNOLOGIES INC
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