Filing Flows › Applied Industrial Technologies (AIT) › Q3 FY25
Applied Industrial Technologies (AIT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 1, 2025
Applied Industrial Technologies (AIT) reported revenue of $1.2B for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +9% from the quarter before. Operating margin was 11.1%, net earnings $99.8M (8.6% of revenue).
Applied Industrial Technologies, Q3 FY25: revenue $1.2B (+2% year over year), operating margin 11.1%, net earnings $99.8M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +9% | +2% |
| Gross profit | $355M | +8% | +5% |
| Operating profit | $129M | +7% | +7% |
| Net earnings | $99.8M | +7% | +3% |
| Operating cash flow | $122M | +29% | +45% |
| Free cash flow | $115M | — | +50% |
What changed
Revenue was $1.2B in Q3 FY25, up 2% year over year and up 9% from the previous quarter. Service Center Based Distribution Segment was the largest line at 65% of revenue. Engineered Solutions Segment added $0.05B year over year (up 13%), 236% of the total change. Service Center Based Distribution Segment declined 4%.
Gross margin was 30.5%, up 0.9 points from a year earlier. Operating profit was $0.13B, a 11.1% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 11% margin then. Operating expenses grew 4% against revenue growth of 2%. Net earnings were $0.10B, up 3% year over year. The effective tax rate was 21.6%.
Operating cash flow was $0.12B (up 45% year over year), 123% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. After capital expenditures ($0.01B), free cash flow as the company reports it was $0.11B.
Questions
What was Applied Industrial Technologies' revenue in the third quarter fiscal 2025?
Applied Industrial Technologies (AIT) reported revenue of $1.2B for the third quarter fiscal 2025 (Q3 FY25), +2% from a year earlier and +9% from the quarter before.
Was Applied Industrial Technologies profitable in the third quarter fiscal 2025?
Operating profit was $129M (11.1% of revenue) and net earnings $99.8M.