Applied Industrial

Balance sheet is conservative with strong liquidity. At June 30, 2026 total debt was 262.3 million against cash of 127.1 million; net debt to TTM EBITDA is about 0.22x. The company refinanced its revolver in October 2025 to a 900 million unsecured facility and maintained a 188.3 million receivables securitization.

Cash generation is robust: FY2026 operating cash flow 484 million, free cash flow 461 million, with low capex needs.

ROE about 22% and ROA about 13% in FY2026. The company remained well within leverage covenants and reduced revolver borrowings as its interest rate swap matured in January 2026. Sources: FY2026 Form 10‑K and Annual Report liquidity and debt notes.