应用工业技术 2026年季度报告

(Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended DECEMBER31, 2025 OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___ to ___ Commission file number 1-2299 APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) 34-0117420(I.R.S. EmployerIdentification Number) (State or other jurisdiction ofincorporation or organization) (Address of principal executive offices) (216)426-4000Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports);and (2) has been subject to such filing requirements for the past 90 days.Yes☒No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one): If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ There were 37,302,440 (no par value) shares of common stock outstanding on January16, 2026. APPLIED INDUSTRIAL TECHNOLOGIES, INC. AND SUBSIDIARIES INDEX PartI:FINANCIAL INFORMATION Item1:Financial StatementsCondensed Statements of Consolidated Income - Three and Six Months Ended December31, 2025 and2024Condensed Statements of Consolidated Comprehensive Income - Three and Six Months EndedDecember31, 2025 and 2024Condensed Consolidated Balance Sheets - December31, 2025 and June 30, 2025Condensed Statements of Consolidated Cash Flows - Six Months Ended December31, 2025 and 2024Condensed Statements of Shareholders' Equity - Three and Six Months Ended December31, 2025 and2024Notes to Condensed Consolidated Financial StatementsItem2:Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3:Quantitative and Qualitative Disclosures About Market RiskItem4:Controls and Procedures PartII:OTHER INFORMATION Item1:Legal ProceedingsItem2:Unregistered Sales of Equity Securities and Use of ProceedsItem 5:Other InformationItem6:ExhibitsSignatures APPLIED INDUSTRIAL TECHNOLOGIES, INC. AND SUBSIDIARIESCONDENSED STATEMENTS OF CONSOLIDATED INCOME(Unaudited)(In thousands, except per share amounts) APPLIED INDUSTRIAL TECHNOLOGIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(In thousands) APPLIED INDUSTRIAL TECHNOLOGIES, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Amounts in thousands, except per share amounts) (Unaudited) 1.BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accountingprinciples generally accepted in the United States of America (U.S. GAAP) for interim financial information and with theinstructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes requiredby U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normalrecurring adjustments) considered necessary for a fair presentation of the financial position of Applied IndustrialTechnologies, Inc. (the “Company”, or “Applied”) as of December31, 2025, and the results of its operations and its cashflows for the six month periods ended December31, 2025 and 2024, have been included. The condensed consolidatedbalance sheet as of June30, 2025 has been derived from the audited consolidated financial statements at that date. ThisQuarterly Report on Form 10-Q should be read in conjunction with the Company’s Annual Report on Form 10-K for the yearended June30, 2025. Operating results for the six-month period ended December31, 2025 are not necessarily indicative of the results that may beexpected for the remainder of the fiscal year ending June30, 2026. Inventory Inventories are valued at average cost, using the last-in, first-out (LIFO) method for U.S. inve