Dafinchi AI

AIT

Industrial

Applied Industrial Technologies achieved new records for sales, EBITDA, and EPS in fiscal 2025, demonstrating strong operational resilience.
Full year EPS growth of 4% exceeded initial guidance, highlighting effective management despite a muted demand environment.
Gross margins expanded nearly 50 basis points, surpassing 30% for the first time in the company's history, indicating margin improvement.
The company generated over $465 million of free cash flow, a 34% increase, enabling significant capital deployment including acquisitions and share buybacks.
The strategic acquisition of Hydradyne, its largest in 6 years, contributed over 400 basis points of inorganic growth and was a key driver of the record performance.

AVAV

Industrial

Adjusted EBITDA for Q1 was $56.6 million, up from $37.2 million last year, representing 12.4% of revenue.
Adjusted gross margins were 29% versus 45% in prior year, expected to improve to mid-30s by Q4.
Bookings for Q1 were nearly $400 million, with funded backlog at $1.1 billion and unfunded backlog at $3.1 billion.
GAAP gross margins declined to 21% from 43% last year due to higher service mix and intangible amortization.
Net loss of $57.4 million due to acquisition-related amortization and integration costs, adjusted EPS was $0.32 versus $0.89 prior year.
Q1 revenue reached nearly $455 million, a 140% increase over prior year as reported and 18% on a pro forma basis.
R&D expenses were $33.1 million or 7.3% of revenue, expected to end year between 6-7%.
SG&A expenses increased to $131.3 million GAAP, adjusted SG&A was $65.2 million, or 14.3% of revenue, down from 17.3% last year.

AAON

Industrial

1mo

AAON Coil Products sales grew 86.4%, driven by a large liquid cooling project, but AAON branded products declined due to ERP disruptions.
AAON Oklahoma segment sales declined 18% with a 970 basis point gross margin contraction, impacted by supply chain disruptions and ERP-related coil shortages.
BasX segment sales grew 20.4% with a slight gross margin contraction of 60 basis points, reflecting operational improvements.
Cash and equivalents totaled $1.3 million with debt at $317.3 million and a leverage ratio of 1.4; capital expenditures increased 18.7% to $89.6 million year-to-date.
Gross margin contracted by 950 basis points to 26.6%, primarily due to lower production volumes and inefficiencies related to the ERP implementation.
Net sales declined 0.6% year-over-year to $311.6 million, driven by a 20.9% decline in AAON branded sales nearly offset by a 90% increase in BasX branded sales.
Non-GAAP adjusted EBITDA was 14.9%, down 1,120 basis points, and non-GAAP adjusted EPS was $0.22, down 64.5% year-over-year.

FWRD

Industrial

1mo

Cash used by operations improved by $32 million year-over-year to $13 million used in Q2, with $14 million cash provided in the first half of 2025 compared to $97 million used in the prior year.
Consolidated EBITDA was $74 million with an 11.9% margin, slightly down from $89 million and 13.8% margin in Q2 2024, but adjusted EBITDA improved by $1 million year-over-year to $74 million.
Expedited Freight segment EBITDA increased from $18 million in Q4 2024 to $30 million in Q2 2025, with margin improving 500 basis points to 11.6%.
Forward Air reported consolidated revenue of $619 million in Q2 2025, down 3.9% year-over-year primarily due to a decline in the Expedited Freight segment revenue.
Intermodal segment EBITDA remained stable at $9 million, consistent with prior quarters.
Omni Logistics segment revenue grew $16 million year-over-year to $328 million, with EBITDA increasing 47% to $30 million and margin improving to 9%.

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