{
  "url": "https://struct.news/briefs/applied-industrial-grew-profit-55-but-its-cash-flow-slipped-83-million",
  "title": "Applied Industrial grew profit 5.5%, but its cash flow slipped $8.3 million",
  "summary": "Operating cash flow fell to $484.1 million as accounts receivable rose $61.5 million, even with revenue up 8.8%.",
  "published_at": "2026-08-13T23:45:47.906263+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Applied Industrial Technologies",
    "ticker": "AIT",
    "cik": "109563",
    "sector": "Industrials",
    "industry": "Industrial Distribution"
  },
  "source_filing": {
    "form": "10-K",
    "filed": "2026-08-13",
    "accession": "0000109563-26-000033",
    "url": "https://www.sec.gov/Archives/edgar/data/109563/000010956326000033/ait-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-K",
    "filed": "2025-08-15",
    "url": "https://www.sec.gov/Archives/edgar/data/109563/000010956325000080/ait-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 4563424000,
      "display": "$4.6B",
      "unit": "usd",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-K",
        "accession": "0000109563-26-000033",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 1.87565047687126,
      "display": "+1.9%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0000109563-26-000033",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 10.924450587979551,
      "display": "+10.9%",
      "unit": "percent",
      "period": "2025-06-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-K",
        "accession": "0000109563-26-000033",
        "filing_date": "2026-08-13"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Accounts receivable rose with stronger second-half revenue, contributing to a $8.3 million decline in operating cash flow.",
      "importance": "medium",
      "evidence": "The increase in working capital was primarily due to higher accounts receivable of $61.5 million due to stronger revenues generated in the second half of 2026 as compared to 2025.",
      "source_date": "2026-08-13"
    },
    {
      "type": "m_and_a",
      "statement": "Cash used for acquisitions fell sharply from the prior year, making the comparison an important baseline for future deal activity.",
      "importance": "medium",
      "evidence": "Net cash used in investing activities during 2026 decreased compared to 2025 primarily due to $11.4 million used for acquisitions in 2026 compared to $293.4 million used for acquisitions during 2025.",
      "source_date": "2026-08-13"
    },
    {
      "type": "fx",
      "statement": "Favorable foreign-currency translation contributed most of the increase in sales from other countries.",
      "importance": "medium",
      "evidence": "S ales in other countries increased $14.7 million or 5.5%, primarily due to favorable foreign currency translation increasing sales by $12.9 million or 4.8%.",
      "source_date": "2026-08-13"
    },
    {
      "type": "tax",
      "statement": "The effective tax rate increased because of prior-year return estimates, expiring tax benefits, and lower qualifying R&D activity.",
      "importance": "medium",
      "evidence": "The increase in the effective tax rate is primarily due to an increase of 0.8% resulting from higher discrete tax expense from changes in estimates related to prior year tax returns",
      "source_date": "2026-08-13"
    }
  ],
  "related_tickers": [
    "AIT"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}