Earnings Feed

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.

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.