Applied Industrial Technologies Q4 net income up 12.6%; FY2025 EPS guided $9.20-$9.95
Applied Industrial Technologies reported fiscal 2024 fourth-quarter net income of $103.5 million, or $2.64 per diluted share, up 12.6% from a year earlier, on net sales of $1.2 billion that rose 0.2%. Organic daily sales fell 2.0%, and the company said sales through mid-August were trending down by a mid single-digit percent, while it guided fiscal 2025 EPS to $9.20 to $9.95, compared with full-year fiscal 2024 adjusted EPS of $9.75.
- Q4 fiscal 2024 net income $103.5 million, or $2.64 per diluted share, up 12.6%; EBITDA $153.5 million, up 9.6%
- Q4 net sales $1.2 billion, up 0.2%, but down 2.0% on an organic daily basis
- Fiscal 2025 guidance: EPS $9.20 to $9.95 and total sales down 2.5% to up 2.5%
- Acquisitions of Total Machine Solutions and Stanley Proctor expected to generate combined annual sales of approximately $17 million in the first year