| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
| Ohio | 34-0117420 | ||||||||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||
| 1 Applied Plaza | Cleveland | Ohio | 44115 | ||||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
| Common Stock, without par value | AIT | New York Stock Exchange | ||||||
| Large accelerated filer | ☒ | Accelerated filer | ☐ | ||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||
Emerging growth company | ☐ | ||||||||||
| Page | ||||||||
| PART I | ||||||||
| Business | ||||||||
| Risk Factors | ||||||||
| Unresolved Staff Comments | ||||||||
| Cybersecurity | ||||||||
| Properties | ||||||||
| Legal Proceedings | ||||||||
| Mine Safety Disclosures | ||||||||
| PART II | ||||||||
| Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | ||||||||
| Reserved | ||||||||
| Management's Discussion and Analysis of Financial Condition and Results of Operations | ||||||||
| Quantitative and Qualitative Disclosures about Market Risk | ||||||||
| Financial Statements and Supplementary Data | ||||||||
| Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | ||||||||
| Controls and Procedures | ||||||||
| Other Information | ||||||||
| Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | ||||||||
| PART III | ||||||||
| Directors, Executive Officers and Corporate Governance | ||||||||
| Executive Compensation | ||||||||
| Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | ||||||||
| Certain Relationships and Related Transactions, and Director Independence | ||||||||
| Principal Accountant Fees and Services | ||||||||
| PART IV | ||||||||
| Exhibits and Financial Statement Schedules | ||||||||
| Form 10-K Summary | ||||||||
Country | Associates | Segment | Associates | |||||||||||
United States | 5,300 | Service Center | 4,100 | |||||||||||
Canada | 700 | Engineered Solutions | 2,500 | |||||||||||
Other Countries | 900 | Other | 300 | |||||||||||
| Location of Principal Owned Real Property | Type of Facility | ||||
| Cleveland, Ohio | Corporate headquarters | ||||
| Atlanta, Georgia | Distribution center, service center, and hose and reducer assembly shops | ||||
| Florence, Kentucky | Distribution center and hose and reducer assembly shops | ||||
| Baldwinsville, New York | Fluid power shop | ||||
| Carlisle, Pennsylvania | Distribution center and hose shop | ||||
| Fort Worth, Texas | Distribution center and rubber shop | ||||
| Location of Principal Leased Real Property | Type of Facility | ||||
| Fontana, California | Distribution center, service center, and rubber and fluid power shops | ||||
| Newark, California | Fluid power shop | ||||
| Midland, Michigan | Flow control shop | ||||
| Strongsville, Ohio | Offices and warehouse | ||||
| Portland, Oregon | Distribution center and hose and reducer assembly shops | ||||
| Sherwood, Oregon | Automation operation | ||||
| Austin, Texas | Fluid power shop | ||||
| Fort Worth, Texas | Fluid power shop | ||||
| Houston, Texas | Fluid power shop | ||||
| Stafford, Texas | Offices, warehouse, and flow control shop | ||||
| Longview, Washington | Service center and rubber and fluid power shops | ||||
| Appleton, Wisconsin | Service center and rubber, hose and fluid power shops | ||||
| Nisku, Alberta | Distribution center, service center, and belt and rubber shops | ||||
| Saskatoon, Saskatchewan | Distribution center, service center, and fluid power shop | ||||
| Name | Positions and Experience | Age | ||||||
| Neil A. Schrimsher | President since 2013 and Chief Executive Officer since 2011. | 62 | ||||||
| Warren E. Hoffner | Vice President, General Manager-Engineered Solutions since October 2018. | 66 | ||||||
| Kurt W. Loring | Vice President-Chief Human Resources Officer since 2014. | 57 | ||||||
| Jon S. Ploetz | Vice President-General Counsel since March 2023. Prior to joining Applied, Mr. Ploetz was Vice President, Assistant General Counsel & Assistant Corporate Secretary at Harsco Corporation, now Enviri Corporation (NYSE: NVRI) from 2018 to 2023, and Assistant General Counsel, Corporate & Securities prior to that. Enviri is a provider of material processing and environmental services to the global steel and industrial sectors. | 53 | ||||||
Jason W. Vasquez | Vice President-Sales & Marketing, U.S. Service Centers since June 2017. | 50 | ||||||
| David K. Wells | Vice President-Chief Financial Officer & Treasurer since September 2017. He served as Vice President-Finance from May 2017 through August 2017. | 63 | ||||||
| Period | (a) Total Number of Shares Purchased | (b) Average Price Paid per Share ($) | (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (1) | |||||||||||||||||||
April 1, 2026 to April 30, 2026 (2) | 125,748 | 282.37 | 125,748 | 2,994,252 | |||||||||||||||||||
| May 1, 2026 to May 31, 2026 | — | — | — | 2,994,252 | |||||||||||||||||||
| June 1, 2026 to June 30, 2026 | 140,000 | 323.81 | 140,000 | 2,854,252 | |||||||||||||||||||
| Total | 265,748 | 304.20 | 265,748 | 2,854,252 | |||||||||||||||||||
| Index Reading | |||||||||||
| Month | MCU | PMI | MIP | ||||||||
| June 2026 | 75.7 | 53.3 | 97.9 | ||||||||
| May 2026 | 75.8 | 54.0 | 98.0 | ||||||||
| April 2026 | 75.7 | 52.7 | 97.8 | ||||||||
| March 2026 | 75.2 | 52.7 | 97.1 | ||||||||
| December 2025 | 74.7 | 47.9 | 96.2 | ||||||||
| September 2025 | 75.8 | 48.9 | 97.3 | ||||||||
| June 2025 | 75.6 | 49.0 | 96.9 | ||||||||
| Year Ended June 30, As a % of Net Sales | Change in $'s Versus Prior Period | ||||||||||||||||
| 2026 | 2025 | % Change | |||||||||||||||
| Net Sales | 100.0 | % | 100.0 | % | 8.8 | % | |||||||||||
| Gross Profit Margin | 30.3 | % | 30.3 | % | 8.9 | % | |||||||||||
| Selling, Distribution & Administrative Expense | 19.3 | % | 19.4 | % | 8.2 | % | |||||||||||
| Operating Income | 11.1 | % | 10.9 | % | 10.2 | % | |||||||||||
| Net Income | 8.3 | % | 8.6 | % | 5.5 | % | |||||||||||
| Amounts in millions | Amount of change due to | |||||||||||||||||||
| Year ended June 30, | Sales Increase | Acquisitions | Foreign Currency | Organic Change | ||||||||||||||||
| Sales by Reportable Segment | 2026 | 2025 | ||||||||||||||||||
| Service Center | $ | 3,184.2 | $ | 3,014.3 | $ | 169.9 | $ | 5.9 | $ | 15.9 | $ | 148.1 | ||||||||
| Engineered Solutions | 1,782.5 | 1,549.1 | 233.4 | 136.3 | — | 97.1 | ||||||||||||||
| Total | $ | 4,966.7 | $ | 4,563.4 | $ | 403.3 | $ | 142.2 | $ | 15.9 | $ | 245.2 | ||||||||
| Amounts in millions | Amount of change due to | |||||||||||||||||||
| Year ended June 30, | Sales Increase | Acquisitions | Foreign Currency | Organic Change | ||||||||||||||||
| Sales by Geographic Area | 2026 | 2025 | ||||||||||||||||||
| United States | $ | 4,385.3 | $ | 4,001.0 | $ | 384.4 | $ | 142.2 | $ | — | $ | 242.2 | ||||||||
| Canada | 300.8 | 296.6 | 4.2 | — | 3.0 | 1.2 | ||||||||||||||
| Other Countries | 280.5 | 265.8 | 14.7 | — | 12.9 | 1.8 | ||||||||||||||
| Total | $ | 4,966.7 | $ | 4,563.4 | $ | 403.3 | $ | 142.2 | $ | 15.9 | $ | 245.2 | ||||||||
| Amounts in millions | Amount of change due to | |||||||||||||||||||
| Year ended June 30, | SD&A Increase | Acquisitions | Foreign Currency | Organic Change | ||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||
| SD&A | $ | 957.3 | $ | 884.6 | $ | 72.7 | $ | 41.4 | $ | 3.2 | $ | 28.1 | ||||||||
| Amounts in thousands | Year Ended June 30, | ||||||||||
| 2026 | 2025 | ||||||||||
| Net Cash Provided by (Used in): | |||||||||||
| Operating Activities | $ | 484,082 | $ | 492,385 | |||||||
| Investing Activities | (33,899) | (318,752) | |||||||||
| Financing Activities | (711,539) | (245,607) | |||||||||
| Exchange Rate Effect | 69 | (226) | |||||||||
| Decrease in Cash and Cash Equivalents | $ | (261,287) | $ | (72,200) | |||||||
| June 30, | 2026 | 2025 | ||||||||||||
| Revolving credit facility | $ | 74,000 | $ | 384,000 | ||||||||||
| Trade receivable securitization facility | 188,300 | 188,300 | ||||||||||||
| Total debt | $ | 262,300 | $ | 572,300 | ||||||||||
| June 30, | 2026 | 2025 | |||||||||
Accounts receivable, gross | $ | 846,699 | $ | 786,161 | |||||||
Allowance for doubtful accounts | 15,455 | 16,462 | |||||||||
| Accounts receivable, net | $ | 831,244 | $ | 769,699 | |||||||
Allowance for doubtful accounts, % of gross receivables | 1.8 | % | 2.1 | % | |||||||
| Year Ended June 30, | 2026 | 2025 | |||||||||
| Provision for losses on accounts receivable | $ | 4,613 | $ | 5,978 | |||||||
Provision as a % of net sales | 0.09 | % | 0.13 | % | |||||||
| Total | Period Less Than 1 yr | Period 2-3 yrs | Period 4-5 yrs | Period Over 5 yrs | Other | ||||||||||||||||||||||||||||||
Operating leases | $ | 262,825 | $ | 62,171 | $ | 92,713 | $ | 49,459 | $ | 58,482 | $ | — | |||||||||||||||||||||||
| Planned funding of post-retirement obligations | 1,090 | 150 | 350 | 200 | 390 | — | |||||||||||||||||||||||||||||
| Unrecognized income tax benefit liabilities, including interest and penalties | 1,300 | — | — | — | — | 1,300 | |||||||||||||||||||||||||||||
| Long-term debt obligations | 262,300 | — | 188,300 | 74,000 | — | — | |||||||||||||||||||||||||||||
| Interest on long-term debt obligations (1) | 31,373 | 11,853 | 15,139 | 4,381 | — | — | |||||||||||||||||||||||||||||
Acquisition holdback payments | 1,660 | 985 | 675 | — | — | — | |||||||||||||||||||||||||||||
Total Contractual Cash Obligations | $ | 560,548 | $ | 75,159 | $ | 297,177 | $ | 128,040 | $ | 58,872 | $ | 1,300 | |||||||||||||||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | |||||||||||||||||
| Net sales | $ | 4,966,686 | $ | 4,563,424 | $ | 4,479,406 | ||||||||||||||
| Cost of sales | 3,459,901 | 3,180,265 | 3,142,753 | |||||||||||||||||
| Gross profit | 1,506,785 | 1,383,159 | 1,336,653 | |||||||||||||||||
| Selling, distribution, and administrative expense, including depreciation | 957,316 | 884,630 | 840,830 | |||||||||||||||||
| Operating income | 549,469 | 498,529 | 495,823 | |||||||||||||||||
| Interest expense | 17,386 | 18,214 | 20,544 | |||||||||||||||||
| Interest income | (9,448) | (17,602) | (17,713) | |||||||||||||||||
| Other income, net | (2,743) | (3,050) | (5,138) | |||||||||||||||||
| Income before income taxes | 544,274 | 500,967 | 498,130 | |||||||||||||||||
| Income tax expense | 129,749 | 107,979 | 112,368 | |||||||||||||||||
| Net income | $ | 414,525 | $ | 392,988 | $ | 385,762 | ||||||||||||||
| Net income per share — basic | $ | 11.09 | $ | 10.26 | $ | 9.98 | ||||||||||||||
| Net income per share — diluted | $ | 10.95 | $ | 10.12 | $ | 9.83 | ||||||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | |||||||||||||||||
| Net income per the statements of consolidated income | $ | 414,525 | $ | 392,988 | $ | 385,762 | ||||||||||||||
| Other comprehensive loss, before tax: | ||||||||||||||||||||
| Foreign currency translation adjustments | 2,740 | (1,655) | (12,544) | |||||||||||||||||
| Post-employment benefits: | ||||||||||||||||||||
| Actuarial gain (loss) on re-measurement | 117 | (42) | (134) | |||||||||||||||||
| Reclassification of net actuarial losses (gains) and prior service cost into other income, net and included in net periodic pension costs | 7 | (25) | (117) | |||||||||||||||||
| Unrealized gain (loss) on cash flow hedge | 262 | (357) | 5,958 | |||||||||||||||||
| Reclassification of interest from cash flow hedge into interest expense | (8,141) | (16,124) | (18,683) | |||||||||||||||||
| Total other comprehensive loss, before tax | (5,015) | (18,203) | (25,520) | |||||||||||||||||
| Income tax benefit related to items of other comprehensive income | (1,905) | (4,083) | (3,250) | |||||||||||||||||
| Other comprehensive loss, net of tax | (3,110) | (14,120) | (22,270) | |||||||||||||||||
| Comprehensive income | $ | 411,415 | $ | 378,868 | $ | 363,492 | ||||||||||||||
| June 30, | 2026 | 2025 | ||||||||||||
| Assets | ||||||||||||||
| Current assets | ||||||||||||||
| Cash and cash equivalents | $ | 127,130 | $ | 388,417 | ||||||||||
| Accounts receivable — net | 831,244 | 769,699 | ||||||||||||
| Inventories | 508,979 | 505,337 | ||||||||||||
| Other current assets | 111,376 | 84,020 | ||||||||||||
| Total current assets | 1,578,729 | 1,747,473 | ||||||||||||
| Property — at cost | ||||||||||||||
| Land | 13,900 | 14,083 | ||||||||||||
| Buildings | 116,881 | 116,733 | ||||||||||||
| Equipment | 266,280 | 253,354 | ||||||||||||
| Total property — at cost | 397,061 | 384,170 | ||||||||||||
| Less accumulated depreciation | 265,410 | 256,016 | ||||||||||||
| Property — net | 131,651 | 128,154 | ||||||||||||
| Operating lease assets — net | 213,199 | 188,654 | ||||||||||||
| Identifiable intangibles — net | 312,814 | 348,600 | ||||||||||||
| Goodwill | 704,700 | 699,374 | ||||||||||||
| Other assets | 68,880 | 63,289 | ||||||||||||
| Total Assets | $ | 3,009,973 | $ | 3,175,544 | ||||||||||
| Liabilities | ||||||||||||||
| Current liabilities | ||||||||||||||
| Accounts payable | $ | 341,094 | $ | 280,124 | ||||||||||
| Compensation and related benefits | 109,060 | 99,630 | ||||||||||||
| Other current liabilities | 162,257 | 146,397 | ||||||||||||
| Total current liabilities | 612,411 | 526,151 | ||||||||||||
| Long-term debt | 262,300 | 572,300 | ||||||||||||
| Other liabilities | 273,513 | 232,573 | ||||||||||||
| Total Liabilities | 1,148,224 | 1,331,024 | ||||||||||||
| Shareholders’ Equity | ||||||||||||||
Preferred stock — no par value; 2,500 shares authorized; none issued or outstanding | — | — | ||||||||||||
Common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 36,803 and 37,868 shares outstanding, respectively | 10,000 | 10,000 | ||||||||||||
| Additional paid-in capital | 204,606 | 198,970 | ||||||||||||
| Retained earnings | 2,788,709 | 2,447,931 | ||||||||||||
Treasury shares — at cost (17,411 and 16,345 shares, respectively) | (1,046,770) | (720,695) | ||||||||||||
| Accumulated other comprehensive loss | (94,796) | (91,686) | ||||||||||||
| Total Shareholders’ Equity | 1,861,749 | 1,844,520 | ||||||||||||
| Total Liabilities and Shareholders’ Equity | $ | 3,009,973 | $ | 3,175,544 | ||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | |||||||||||||||||
| Cash Flows from Operating Activities | ||||||||||||||||||||
| Net income | $ | 414,525 | $ | 392,988 | $ | 385,762 | ||||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||
| Depreciation and amortization of property | 25,875 | 24,899 | 23,431 | |||||||||||||||||
| Amortization of intangibles | 40,072 | 35,581 | 28,923 | |||||||||||||||||
| Deferred income taxes | 26,264 | (6,362) | (1,074) | |||||||||||||||||
| Provision for losses on (recoveries of) accounts receivable | 4,613 | 5,978 | (205) | |||||||||||||||||
| Amortization of stock appreciation rights | 5,519 | 4,713 | 3,448 | |||||||||||||||||
| Other share-based compensation expense | 7,385 | 7,289 | 9,496 | |||||||||||||||||
| Other | (1,267) | 373 | (1,309) | |||||||||||||||||
| Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||
| Accounts receivable | (66,422) | (4,918) | (1,925) | |||||||||||||||||
| Inventories | (899) | 29,181 | 18,387 | |||||||||||||||||
| Other operating assets | (48,454) | (11,448) | (25,897) | |||||||||||||||||
| Accounts payable | 56,886 | 2,169 | (39,272) | |||||||||||||||||
| Other operating liabilities | 19,985 | 11,942 | (28,372) | |||||||||||||||||
| Cash provided by Operating Activities | 484,082 | 492,385 | 371,393 | |||||||||||||||||
| Cash Flows from Investing Activities | ||||||||||||||||||||
| Cash paid for acquisition of businesses, net of cash acquired | (11,424) | (293,406) | (72,090) | |||||||||||||||||
| Capital expenditures | (23,565) | (27,187) | (24,864) | |||||||||||||||||
| Proceeds from property sales | 1,090 | 1,841 | 576 | |||||||||||||||||
| Life insurance proceeds | — | — | 971 | |||||||||||||||||
| Cash used in Investing Activities | (33,899) | (318,752) | (95,407) | |||||||||||||||||
| Cash Flows from Financing Activities | ||||||||||||||||||||
| Repayments under revolving credit facility | (310,000) | — | — | |||||||||||||||||
| Borrowings under revolving credit facility | — | — | 408 | |||||||||||||||||
| Long-term debt repayments | — | (25,106) | (25,251) | |||||||||||||||||
| Interest rate swap settlement receipts | 5,765 | 12,095 | 14,470 | |||||||||||||||||
| Payment of debt issuance costs | (1,611) | — | — | |||||||||||||||||
| Purchases of treasury shares | (317,218) | (152,837) | (73,388) | |||||||||||||||||
| Dividends paid | (72,598) | (63,702) | (55,879) | |||||||||||||||||
| Acquisition holdback payments | (1,390) | (1,210) | (681) | |||||||||||||||||
| Exercise of stock appreciation rights and options | — | — | 127 | |||||||||||||||||
| Taxes paid for shares withheld | (14,487) | (14,847) | (16,274) | |||||||||||||||||
| Cash used in Financing Activities | (711,539) | (245,607) | (156,468) | |||||||||||||||||
| Effect of exchange rate changes on cash | 69 | (226) | (2,937) | |||||||||||||||||
| (Decrease) increase in cash and cash equivalents | (261,287) | (72,200) | 116,581 | |||||||||||||||||
| Cash and cash equivalents at beginning of year | 388,417 | 460,617 | 344,036 | |||||||||||||||||
| Cash and Cash Equivalents at End of Year | $ | 127,130 | $ | 388,417 | $ | 460,617 | ||||||||||||||
| Supplemental Cash Flow Information | ||||||||||||||||||||
| Cash paid during the year for: | ||||||||||||||||||||
| Interest (includes interest rate swap settlements) | 18,954 | 21,826 | 23,978 | |||||||||||||||||
| For the Years Ended June 30, 2026, 2025 and 2024 | Shares of Common Stock Outstanding | Common Stock | Additional Paid-In Capital | Retained Earnings | Treasury Shares- at Cost | Accumulated Other Comprehensive Loss | Total Shareholders' Equity | |||||||||||||||||||||||||||||||||||||
| Balance at June 30, 2023 | 38,657 | $ | 10,000 | $ | 188,646 | $ | 1,792,632 | $ | (477,545) | $ | (55,296) | $ | 1,458,437 | |||||||||||||||||||||||||||||||
| Net income | 385,762 | 385,762 | ||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive loss | (22,270) | (22,270) | ||||||||||||||||||||||||||||||||||||||||||
Cash dividends — $1.44 per share | (56,560) | (56,560) | ||||||||||||||||||||||||||||||||||||||||||
| Purchases of common stock for treasury | (398) | (73,388) | (73,388) | |||||||||||||||||||||||||||||||||||||||||
| Treasury shares issued for: | ||||||||||||||||||||||||||||||||||||||||||||
| Exercise of stock appreciation rights and options | 73 | (3,611) | (3,886) | (7,497) | ||||||||||||||||||||||||||||||||||||||||
| Performance share awards | 54 | (3,072) | (3,487) | (6,559) | ||||||||||||||||||||||||||||||||||||||||
| Restricted stock units | 16 | (905) | (1,108) | (2,013) | ||||||||||||||||||||||||||||||||||||||||
| Compensation expense — stock appreciation rights | 3,448 | 3,448 | ||||||||||||||||||||||||||||||||||||||||||
Other share-based compensation expense | 9,496 | 9,496 | ||||||||||||||||||||||||||||||||||||||||||
| Other | 7 | (224) | 4 | 145 | (75) | |||||||||||||||||||||||||||||||||||||||
| Balance at June 30, 2024 | 38,409 | 10,000 | 193,778 | 2,121,838 | (559,269) | (77,566) | 1,688,781 | |||||||||||||||||||||||||||||||||||||
| Net income | 392,988 | 392,988 | ||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive loss | (14,120) | (14,120) | ||||||||||||||||||||||||||||||||||||||||||
Cash dividends — $1.66 per share | (66,910) | (66,910) | ||||||||||||||||||||||||||||||||||||||||||
| Purchases of common stock for treasury | (656) | (153,390) | (153,390) | |||||||||||||||||||||||||||||||||||||||||
| Treasury shares issued for: | ||||||||||||||||||||||||||||||||||||||||||||
| Exercise of stock appreciation rights and options | 36 | (2,110) | (2,710) | (4,820) | ||||||||||||||||||||||||||||||||||||||||
| Performance share awards | 34 | (2,213) | (3,294) | (5,507) | ||||||||||||||||||||||||||||||||||||||||
| Restricted stock units | 41 | (2,301) | (2,116) | (4,417) | ||||||||||||||||||||||||||||||||||||||||
| Compensation expense — stock appreciation rights | 4,713 | 4,713 | ||||||||||||||||||||||||||||||||||||||||||
| Other share-based compensation expense | 7,289 | 7,289 | ||||||||||||||||||||||||||||||||||||||||||
| Other | 4 | (186) | 15 | 84 | (87) | |||||||||||||||||||||||||||||||||||||||
| Balance at June 30, 2025 | 37,868 | 10,000 | 198,970 | 2,447,931 | (720,695) | (91,686) | 1,844,520 | |||||||||||||||||||||||||||||||||||||
| Net income | 414,525 | 414,525 | ||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive loss | (3,110) | (3,110) | ||||||||||||||||||||||||||||||||||||||||||
Cash dividends — $1.99 per share | (73,948) | (73,948) | ||||||||||||||||||||||||||||||||||||||||||
| Purchases of common stock for treasury | (1,163) | (318,848) | (318,848) | |||||||||||||||||||||||||||||||||||||||||
| Treasury shares issued for: | ||||||||||||||||||||||||||||||||||||||||||||
| Exercise of stock appreciation rights and options | 55 | (4,043) | (3,237) | (7,280) | ||||||||||||||||||||||||||||||||||||||||
| Performance share awards | 25 | (1,942) | (2,905) | (4,847) | ||||||||||||||||||||||||||||||||||||||||
| Restricted stock units | 19 | (1,283) | (905) | (2,188) | ||||||||||||||||||||||||||||||||||||||||
| Compensation expense — stock appreciation rights | 5,519 | 5,519 | ||||||||||||||||||||||||||||||||||||||||||
| Other share-based compensation expense | 7,385 | 7,385 | ||||||||||||||||||||||||||||||||||||||||||
| Other | (1) | 201 | (180) | 21 | ||||||||||||||||||||||||||||||||||||||||
| Balance at June 30, 2026 | 36,803 | $ | 10,000 | $ | 204,606 | $ | 2,788,709 | $ | (1,046,770) | $ | (94,796) | $ | 1,861,749 | |||||||||||||||||||||||||||||||
| Year Ended June 30, 2026 | |||||||||||
| Service Center | Engineered Solutions | Total | |||||||||
| Geographic Areas: | |||||||||||
| United States | $ | 2,682,055 | $ | 1,703,275 | $ | 4,385,330 | |||||
| Canada | 300,817 | — | 300,817 | ||||||||
| Other Countries | 201,359 | 79,180 | 280,539 | ||||||||
| Total | $ | 3,184,231 | $ | 1,782,455 | $ | 4,966,686 | |||||
| Year Ended June 30, 2025 | |||||||||||
| Service Center | Engineered Solutions | Total | |||||||||
| Geographic Areas: | |||||||||||
| United States | $ | 2,524,036 | $ | 1,476,918 | $ | 4,000,954 | |||||
| Canada | 296,661 | — | 296,661 | ||||||||
| Other Countries | 193,651 | 72,158 | 265,809 | ||||||||
| Total | $ | 3,014,348 | $ | 1,549,076 | $ | 4,563,424 | |||||
| Year Ended June 30, 2024 | |||||||||||
| Service Center | Engineered Solutions | Total | |||||||||
| Geographic Areas: | |||||||||||
| United States | $ | 2,540,427 | $ | 1,391,762 | $ | 3,932,189 | |||||
| Canada | 310,210 | — | 310,210 | ||||||||
| Other Countries | 205,918 | 31,089 | 237,007 | ||||||||
| Total | $ | 3,056,555 | $ | 1,422,851 | $ | 4,479,406 | |||||
| Year Ended June 30, 2026 | |||||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| General Industry | 34.8 | % | 44.3 | % | 38.1 | % | |||||||||||
| Industrial Machinery | 8.1 | % | 25.5 | % | 14.3 | % | |||||||||||
| Food | 15.4 | % | 2.8 | % | 10.9 | % | |||||||||||
| Metals | 11.8 | % | 6.7 | % | 9.9 | % | |||||||||||
| Forest Products | 11.7 | % | 1.9 | % | 8.2 | % | |||||||||||
| Chem/Petrochem | 2.5 | % | 11.1 | % | 5.6 | % | |||||||||||
| Cement & Aggregate | 7.4 | % | 1.3 | % | 5.3 | % | |||||||||||
| Transportation | 3.5 | % | 4.5 | % | 3.9 | % | |||||||||||
| Oil & Gas | 4.8 | % | 1.9 | % | 3.8 | % | |||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| Year Ended June 30, 2025 | |||||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| General Industry | 34.5 | % | 40.0 | % | 36.4 | % | |||||||||||
| Industrial Machinery | 8.3 | % | 23.3 | % | 13.3 | % | |||||||||||
| Food | 15.4 | % | 3.2 | % | 11.3 | % | |||||||||||
| Metals | 11.0 | % | 7.3 | % | 9.8 | % | |||||||||||
| Forest Products | 12.2 | % | 3.2 | % | 9.1 | % | |||||||||||
| Chem/Petrochem | 2.8 | % | 14.6 | % | 6.8 | % | |||||||||||
| Cement & Aggregate | 7.3 | % | 1.4 | % | 5.3 | % | |||||||||||
| Transportation | 3.6 | % | 4.9 | % | 4.1 | % | |||||||||||
| Oil & Gas | 4.9 | % | 2.1 | % | 3.9 | % | |||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| Year Ended June 30, 2024 | |||||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| General Industry | 35.0 | % | 38.7 | % | 36.2 | % | |||||||||||
| Industrial Machinery | 8.2 | % | 24.2 | % | 13.3 | % | |||||||||||
| Food | 15.0 | % | 2.8 | % | 11.1 | % | |||||||||||
| Metals | 10.9 | % | 7.9 | % | 10.0 | % | |||||||||||
| Forest Products | 12.0 | % | 3.2 | % | 9.2 | % | |||||||||||
| Chem/Petrochem | 2.7 | % | 16.0 | % | 6.9 | % | |||||||||||
| Cement & Aggregate | 7.4 | % | 1.3 | % | 5.5 | % | |||||||||||
| Transportation | 3.7 | % | 4.2 | % | 3.8 | % | |||||||||||
| Oil & Gas | 5.1 | % | 1.7 | % | 4.0 | % | |||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| Year Ended June 30, 2026 | |||||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| Power Transmission | 37.2 | % | 8.6 | % | 27.0 | % | |||||||||||
| General MRO & Other | 22.4 | % | 26.0 | % | 23.7 | % | |||||||||||
| Fluid Power | 14.6 | % | 37.2 | % | 22.7 | % | |||||||||||
| Bearings, Linear & Seals | 25.8 | % | 0.8 | % | 16.8 | % | |||||||||||
| Specialty Flow Control | — | % | 27.4 | % | 9.8 | % | |||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| Year Ended June 30, 2025 | |||||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| Power Transmission | 37.5 | % | 9.8 | % | 28.2 | % | |||||||||||
| General MRO & Other | 22.3 | % | 22.3 | % | 22.2 | % | |||||||||||
| Fluid Power | 14.4 | % | 34.9 | % | 21.3 | % | |||||||||||
| Bearings, Linear & Seals | 25.8 | % | 0.4 | % | 17.3 | % | |||||||||||
| Specialty Flow Control | — | % | 32.6 | % | 11.0 | % | |||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| Year Ended June 30, 2024 | |||||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| Power Transmission | 37.7 | % | 11.3 | % | 29.4 | % | |||||||||||
| General MRO & Other | 22.1 | % | 17.2 | % | 20.5 | % | |||||||||||
| Fluid Power | 14.1 | % | 36.3 | % | 21.1 | % | |||||||||||
| Bearings, Linear & Seals | 26.1 | % | 0.4 | % | 18.0 | % | |||||||||||
| Specialty Flow Control | — | % | 34.8 | % | 11.0 | % | |||||||||||
| Total | 100.0 | % | 100.0 | % | 100.0 | % | |||||||||||
| June 30, 2026 | June 30, 2025 | $ Change | % Change | |||||||||||
| Contract assets | $ | 28,702 | $ | 11,659 | $ | 17,043 | 146.2 | % | ||||||
| Contract liabilities | 30,648 | 29,244 | 1,404 | 4.8 | % | |||||||||
| Hydradyne Acquisition | ||||||||
| Cash and cash equivalents | $ | 13,146 | ||||||
| Accounts receivable | 42,436 | |||||||
| Inventories | 44,085 | |||||||
| Other current assets | 996 | |||||||
| Property, net | 6,483 | |||||||
| Operating lease assets | 52,257 | |||||||
| Identifiable intangible assets | 126,050 | |||||||
| Goodwill | 68,217 | |||||||
| Other assets | 111 | |||||||
| Total assets acquired | $ | 353,781 | ||||||
| Accounts payable and accrued liabilities | 15,771 | |||||||
| Other current liabilities | 4,546 | |||||||
| Other liabilities | 51,328 | |||||||
| Net assets acquired | $ | 282,136 | ||||||
| Pro forma, year ended June 30, | 2025 | 2024 | |||||||||
| Sales | $ | 4,692,742 | $ | 4,748,187 | |||||||
| Net income | 397,254 | 387,766 | |||||||||
| Diluted net income per share | 10.23 | 9.88 | |||||||||
| June 30, | 2026 | 2025 | ||||||||||||
| U.S. inventories at average cost | $ | 605,942 | $ | 587,479 | ||||||||||
| Foreign inventories at average cost | 157,468 | 150,534 | ||||||||||||
| Total inventories at average cost | 763,410 | 738,013 | ||||||||||||
| Less: Excess of average cost over LIFO cost for U.S. inventories | 254,431 | 232,676 | ||||||||||||
| Inventories | $ | 508,979 | $ | 505,337 | ||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| Balance at July 1, 2024 | $ | 219,574 | $ | 399,821 | $ | 619,395 | |||||||||||
| Goodwill acquired during the year | 2,262 | 77,847 | 80,109 | ||||||||||||||
| Other, primarily currency translation | (130) | — | (130) | ||||||||||||||
| Balance at June 30, 2025 | 221,706 | 477,668 | 699,374 | ||||||||||||||
| Goodwill acquired during the year | 4,293 | 1,555 | 5,848 | ||||||||||||||
| Other, primarily currency translation | (522) | — | (522) | ||||||||||||||
| Balance at June 30, 2026 | $ | 225,477 | $ | 479,223 | $ | 704,700 | |||||||||||
| June 30, 2026 | Amount | Accumulated Amortization | Net Book Value | ||||||||||||||
| Finite-Lived Intangibles: | |||||||||||||||||
| Customer relationships | $ | 508,292 | $ | 258,375 | $ | 249,917 | |||||||||||
| Trade names | 108,357 | 48,969 | 59,388 | ||||||||||||||
| Other | 6,651 | 3,142 | 3,509 | ||||||||||||||
| Total Finite-Lived Intangibles | $ | 623,300 | $ | 310,486 | $ | 312,814 | |||||||||||
| June 30, 2025 | Amount | Accumulated Amortization | Net Book Value | ||||||||||||||
| Finite-Lived Intangibles: | |||||||||||||||||
| Customer relationships | $ | 510,834 | $ | 233,392 | $ | 277,442 | |||||||||||
| Trade names | 108,344 | 41,585 | 66,759 | ||||||||||||||
| Other | 6,902 | 2,503 | 4,399 | ||||||||||||||
| Total Finite-Lived Intangibles | $ | 626,080 | $ | 277,480 | $ | 348,600 | |||||||||||
| Acquisition Cost Allocation | Weighted-Average Life | ||||||||||
| Customer relationships | $ | 4,297 | 20.0 | ||||||||
| June 30, | 2026 | 2025 | ||||||||||||
| Revolving credit facility | $ | 74,000 | $ | 384,000 | ||||||||||
| Trade receivable securitization facility | 188,300 | 188,300 | ||||||||||||
| Total debt | $ | 262,300 | $ | 572,300 | ||||||||||
| Year Ended June 30, | Aggregate Maturity | ||||
| 2027 | $ | — | |||
| 2028 | — | ||||
| 2029 | 188,300 | ||||
| 2030 | — | ||||
| 2031 | 74,000 | ||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| U.S. | $ | 513,009 | $ | 475,266 | $ | 467,785 | |||||||||||
| Foreign | 31,265 | 25,701 | 30,345 | ||||||||||||||
| Income before income taxes | $ | 544,274 | $ | 500,967 | $ | 498,130 | |||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| Current: | |||||||||||||||||
| Federal | $ | 78,575 | $ | 87,700 | $ | 86,501 | |||||||||||
| State and local | 20,179 | 18,525 | 23,016 | ||||||||||||||
| Foreign | 4,731 | 8,116 | 3,925 | ||||||||||||||
| Total current | 103,485 | 114,341 | 113,442 | ||||||||||||||
| Deferred: | |||||||||||||||||
| Federal | 20,802 | (4,432) | (791) | ||||||||||||||
| State and local | 3,331 | (310) | 1,159 | ||||||||||||||
| Foreign | 2,131 | (1,620) | (1,442) | ||||||||||||||
| Total deferred | 26,264 | (6,362) | (1,074) | ||||||||||||||
| Provision for income taxes | $ | 129,749 | $ | 107,979 | $ | 112,368 | |||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | |||||||||||||||||||||||
| Amount | Percent | Amount | Percent | Amount | Percent | |||||||||||||||||||||
| $ | 114,298 | 21.0 | % | $ | 105,203 | 21.0 | % | $ | 104,607 | 21.0 | % | |||||||||||||||
State and local income taxes, net of federal income tax effect1,2,3 | 18,559 | 3.4 | 14,409 | 2.9 | 19,981 | 4.0 | ||||||||||||||||||||
| Foreign tax effects | 7,966 | 1.5 | 6,939 | 1.4 | 1,307 | 0.4 | ||||||||||||||||||||
| Effect of cross-border tax laws | (1,206) | (0.2) | (2,822) | (0.6) | (3,482) | (0.7) | ||||||||||||||||||||
| Foreign tax credits | (6,830) | (1.3) | (5,813) | (1.2) | (2,808) | (0.6) | ||||||||||||||||||||
| Tax credits | 742 | 0.1 | (2,503) | (0.5) | (2,471) | (0.5) | ||||||||||||||||||||
| Nontaxable or nondeductible items | 2,033 | 0.4 | 1,631 | 0.4 | 2,459 | 0.5 | ||||||||||||||||||||
| Share-based payments | (5,762) | (1.1) | (5,634) | (1.1) | (5,909) | (1.2) | ||||||||||||||||||||
| Changes in unrecognized tax benefits | (17) | — | (3,257) | (0.7) | (1,559) | (0.3) | ||||||||||||||||||||
| Other adjustments | (34) | — | (174) | — | 243 | — | ||||||||||||||||||||
| Effective tax rate | $ | 129,749 | 23.8 | % | $ | 107,979 | 21.6 | % | $ | 112,368 | 22.6 | % | ||||||||||||||
| Year ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| Federal taxes paid | $ | 77,257 | $ | 80,799 | $ | 86,000 | |||||||||||
| State taxes paid | 20,592 | 18,143 | 25,499 | ||||||||||||||
| Foreign taxes paid | 11,097 | 8,779 | 4,812 | ||||||||||||||
| Total income taxes paid | $ | 108,946 | $ | 107,721 | $ | 116,311 | |||||||||||
| June 30, | 2026 | 2025 | |||||||||
| Deferred tax assets: | |||||||||||
| Compensation liabilities not currently deductible | $ | 20,989 | $ | 20,331 | |||||||
| Other expenses and reserves not currently deductible | 19,558 | 17,430 | |||||||||
| Leases | 41,697 | 36,054 | |||||||||
| Foreign tax credit | 4,945 | — | |||||||||
| Net operating loss carryforwards | 2,774 | 5,388 | |||||||||
| Capitalization of R&D costs | 2,538 | 22,284 | |||||||||
| Other | 348 | 2,281 | |||||||||
| Total deferred tax assets | 92,849 | 103,768 | |||||||||
| Less: Valuation allowance | 51 | 853 | |||||||||
| Total deferred tax assets, net of valuation allowance | 92,798 | 102,915 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Inventories | (26,915) | (20,376) | |||||||||
| Goodwill and intangibles | (65,715) | (64,062) | |||||||||
| Leases | (41,470) | (35,933) | |||||||||
| Hedging instrument | — | (1,906) | |||||||||
| Depreciation and differences in property bases | (13,943) | (10,530) | |||||||||
| Total deferred tax liabilities | (148,043) | (132,807) | |||||||||
| Net deferred tax liabilities | $ | (55,245) | $ | (29,892) | |||||||
| Net deferred tax liabilities are classified as follows: | |||||||||||
| Other assets | $ | 8,676 | $ | 12,263 | |||||||
| Other liabilities | (63,921) | (42,155) | |||||||||
| Net deferred tax liabilities | $ | (55,245) | $ | (29,892) | |||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| Unrecognized Income Tax Benefits at beginning of the year | $ | 918 | $ | 3,048 | $ | 4,821 | |||||||||||
| Current year tax positions | 85 | 85 | 105 | ||||||||||||||
| Prior year tax positions | 400 | 57 | (412) | ||||||||||||||
| Expirations of statutes of limitations | (487) | (2,272) | (1,466) | ||||||||||||||
| Unrecognized Income Tax Benefits at end of year | $ | 916 | $ | 918 | $ | 3,048 | |||||||||||
| Foreign currency translation adjustment | Post-employment benefits | Cash flow hedge | Total accumulated other comprehensive loss | ||||||||||||||||||||
| Balance at July 1, 2023 | $ | (83,099) | $ | (197) | $ | 28,000 | $ | (55,296) | |||||||||||||||
| Other comprehensive (loss) income | (12,467) | (101) | 4,499 | (8,069) | |||||||||||||||||||
| Amounts reclassified from accumulated other comprehensive loss | — | (93) | (14,108) | (14,201) | |||||||||||||||||||
| Net current-period other comprehensive loss | (12,467) | (194) | (9,609) | (22,270) | |||||||||||||||||||
| Balance at June 30, 2024 | (95,566) | (391) | 18,391 | (77,566) | |||||||||||||||||||
| Other comprehensive loss | (1,650) | (33) | (246) | (1,929) | |||||||||||||||||||
| Amounts reclassified from accumulated other comprehensive loss | — | (14) | (12,177) | (12,191) | |||||||||||||||||||
| Net current-period other comprehensive loss | (1,650) | (47) | (12,423) | (14,120) | |||||||||||||||||||
| Balance at June 30, 2025 | (97,216) | (438) | 5,968 | (91,686) | |||||||||||||||||||
| Other comprehensive loss | 2,766 | 87 | 198 | 3,051 | |||||||||||||||||||
| Amounts reclassified from accumulated other comprehensive loss | — | 5 | (6,166) | (6,161) | |||||||||||||||||||
| Net current-period other comprehensive income (loss) | 2,766 | 92 | (5,968) | (3,110) | |||||||||||||||||||
| Balance at June 30, 2026 | $ | (94,450) | $ | (346) | $ | — | $ | (94,796) | |||||||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Pre-Tax Amount | Tax (Benefit) Expense | Net Amount | Pre-Tax Amount | Tax (Benefit) Expense | Net Amount | Pre-Tax Amount | Tax (Benefit) Expense | Net Amount | |||||||||||||||||||||||||||||||||||||||||||||
Foreign currency translation adjustments | $ | 2,740 | $ | (26) | $ | 2,766 | $ | (1,655) | $ | (5) | $ | (1,650) | $ | (12,544) | $ | (77) | $ | (12,467) | |||||||||||||||||||||||||||||||||||
Post-employment benefits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Actuarial gain (loss) on re-measurement | 117 | 30 | 87 | (42) | (9) | (33) | (134) | (33) | (101) | ||||||||||||||||||||||||||||||||||||||||||||
| Reclassification of net actuarial losses (gains) and prior service cost into other income, net and included in net periodic pension costs | 7 | 2 | 5 | (25) | (11) | (14) | (117) | (24) | (93) | ||||||||||||||||||||||||||||||||||||||||||||
| Unrealized gain (loss) on cash flow hedge | 262 | 64 | 198 | (357) | (111) | (246) | 5,958 | 1,459 | 4,499 | ||||||||||||||||||||||||||||||||||||||||||||
Reclassification of interest from cash flow hedge into interest expense | (8,141) | (1,975) | (6,166) | (16,124) | (3,947) | (12,177) | (18,683) | (4,575) | (14,108) | ||||||||||||||||||||||||||||||||||||||||||||
| Other comprehensive loss | $ | (5,015) | $ | (1,905) | $ | (3,110) | $ | (18,203) | $ | (4,083) | $ | (14,120) | $ | (25,520) | $ | (3,250) | $ | (22,270) | |||||||||||||||||||||||||||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| Net Income | $ | 414,525 | $ | 392,988 | $ | 385,762 | |||||||||||
| Average Shares Outstanding: | |||||||||||||||||
| Weighted-average common shares outstanding for basic computation | 37,377 | 38,289 | 38,672 | ||||||||||||||
| Dilutive effect of potential common shares | 480 | 527 | 585 | ||||||||||||||
| Weighted-average common shares outstanding for dilutive computation | 37,857 | 38,816 | 39,257 | ||||||||||||||
| Net Income Per Share — Basic | $ | 11.09 | $ | 10.26 | $ | 9.98 | |||||||||||
| Net Income Per Share — Diluted | $ | 10.95 | $ | 10.12 | $ | 9.83 | |||||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| SARs | $ | 5,519 | $ | 4,713 | $ | 3,448 | |||||||||||
| Performance shares | 3,102 | 2,999 | 4,232 | ||||||||||||||
| RSAs and RSUs | 4,283 | 4,290 | 5,264 | ||||||||||||||
| Total compensation costs under award programs | $ | 12,904 | $ | 12,002 | $ | 12,944 | |||||||||||
| June 30, | 2026 | Average Expected Period of Expected Recognition (Years) | |||||||||
| SARs | $ | 6,830 | 1.4 | ||||||||
| Performance shares | 4,001 | 0.9 | |||||||||
| RSAs and RSUs | 3,698 | 0.9 | |||||||||
| Total unrecognized compensation costs under award programs | $ | 14,529 | 1.1 | ||||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| Expected life, in years | 6.0 | 6.0 | 6.0 | ||||||||||||||
| Risk free interest rate | 3.9 | % | 3.7 | % | 4.1 | % | |||||||||||
| Dividend yield | 0.7 | % | 0.8 | % | 1.0 | % | |||||||||||
| Volatility | 33.1 | % | 37.3 | % | 37.0 | % | |||||||||||
| Per share fair value of SARs granted during the year | $96.23 | $78.15 | $55.65 | ||||||||||||||
| Shares | Weighted-Average Grant-Date Fair Value | ||||||||||
| Year Ended June 30, 2026 | |||||||||||
| (Shares in thousands) | |||||||||||
| Non-vested at beginning of year | 62 | $ | 117.80 | ||||||||
| Awarded | 16 | 205.27 | |||||||||
| Vested | (43) | 100.04 | |||||||||
| Non-vested at end of year | 35 | $ | 178.44 | ||||||||
| Shares | Weighted-Average Grant-Date Fair Value | ||||||||||
| Year Ended June 30, 2026 | |||||||||||
| (Share amounts in thousands) | |||||||||||
| Non-vested at beginning of year | 80 | $ | 142.41 | ||||||||
| Granted | 21 | 274.13 | |||||||||
| Forfeitures | (6) | 184.43 | |||||||||
| Vested | (32) | 123.79 | |||||||||
| Non-vested at end of year | 63 | $ | 191.71 | ||||||||
| June 30, | 2026 | 2025 | ||||||||||||
| Operating lease assets, net | $ | 213,199 | $ | 188,654 | ||||||||||
| Operating lease liabilities | ||||||||||||||
| $ | 52,913 | $ | 39,776 | |||||||||||
| 168,231 | 158,544 | |||||||||||||
| $ | 221,144 | $ | 198,320 | |||||||||||
| June 30, | 2026 | 2025 | ||||||||||||
| Weighted average remaining lease term (years) | 5.7 | 6.6 | ||||||||||||
| Weighted average incremental borrowing rate | 5.34 | % | 5.01 | % | ||||||||||
| Year Ended June 30, | 2026 | 2025 | ||||||||||||
| Cash paid for operating leases | $ | 65,558 | $ | 45,919 | ||||||||||
| Right of use assets obtained in exchange for new operating lease liabilities | 36,228 | 98,196 | ||||||||||||
| Year Ended June 30, | Maturity of Operating Lease Liabilities | ||||
| 2027 | $ | 62,171 | |||
| 2028 | 51,477 | ||||
| 2029 | 41,236 | ||||
| 2030 | 28,754 | ||||
| 2031 | 20,705 | ||||
| Thereafter | 58,482 | ||||
| Total lease payments | 262,825 | ||||
| Less interest | 41,681 | ||||
| Present value of lease liabilities | $ | 221,144 | |||
| Year Ended June 30, 2026 | Service Center | Engineered Solutions | Total | ||||||||||||||
| Total sales | $ | 3,188,877 | $ | 1,850,911 | $ | 5,039,788 | |||||||||||
Less: Inter-segment sales1 | 4,646 | 68,456 | 73,102 | ||||||||||||||
| Net sales | $ | 3,184,231 | $ | 1,782,455 | $ | 4,966,686 | |||||||||||
| Less segment expenses: | |||||||||||||||||
| Cost of sales | 2,254,931 | 1,204,970 | |||||||||||||||
Selling, distribution, and administrative expense, including depreciation2 | 503,176 | 366,961 | |||||||||||||||
| Segment operating income | $ | 426,124 | $ | 210,524 | $ | 636,648 | |||||||||||
| Corporate & other expense, net | 87,179 | ||||||||||||||||
| Interest expense, net | 7,938 | ||||||||||||||||
| Other income, net | (2,743) | ||||||||||||||||
| Income before income taxes | $ | 544,274 | |||||||||||||||
| Year Ended June 30, 2025 | Service Center | Engineered Solutions | Total | ||||||||||||||
| Total sales | $ | 3,017,254 | $ | 1,601,211 | $ | 4,618,465 | |||||||||||
Less: Inter-segment sales1 | 2,906 | 52,135 | 55,041 | ||||||||||||||
| Net sales | $ | 3,014,348 | $ | 1,549,076 | $ | 4,563,424 | |||||||||||
| Less segment expenses: | |||||||||||||||||
| Cost of sales | 2,135,158 | 1,045,107 | |||||||||||||||
Selling, distribution, and administrative expense, including depreciation2 | 485,720 | 315,231 | |||||||||||||||
| Segment operating income | $ | 393,470 | $ | 188,738 | $ | 582,208 | |||||||||||
| Corporate & other expense, net | 83,679 | ||||||||||||||||
| Interest expense, net | 612 | ||||||||||||||||
| Other income, net | (3,050) | ||||||||||||||||
| Income before income taxes | $ | 500,967 | |||||||||||||||
| Year Ended June 30, 2024 | Service Center | Engineered Solutions | Total | ||||||||||||||
| Total sales | $ | 3,059,363 | $ | 1,472,617 | $ | 4,531,980 | |||||||||||
Less: Inter-segment sales1 | 2,808 | 49,766 | 52,574 | ||||||||||||||
| Net sales | $ | 3,056,555 | $ | 1,422,851 | $ | 4,479,406 | |||||||||||
| Less segment expenses: | |||||||||||||||||
| Cost of sales | 2,173,085 | 969,668 | |||||||||||||||
Selling, distribution, and administrative expense, including depreciation2 | 486,476 | 272,074 | |||||||||||||||
| Segment operating income | $ | 396,994 | $ | 181,109 | $ | 578,103 | |||||||||||
| Corporate & other expense, net | 82,280 | ||||||||||||||||
| Interest expense, net | 2,831 | ||||||||||||||||
| Other income, net | (5,138) | ||||||||||||||||
| Income before income taxes | $ | 498,130 | |||||||||||||||
| Service Center | Engineered Solutions | Total | |||||||||||||||
| Year Ended June 30, 2026 | |||||||||||||||||
| Assets used in the business | $ | 1,621,621 | $ | 1,388,352 | $ | 3,009,973 | |||||||||||
| Depreciation and amortization of property | 17,386 | 8,489 | 25,875 | ||||||||||||||
| Amortization of intangibles | 2,980 | 37,092 | 40,072 | ||||||||||||||
| Capital expenditures | 19,726 | 3,839 | 23,565 | ||||||||||||||
| Year Ended June 30, 2025 | |||||||||||||||||
| Assets used in the business | $ | 1,765,631 | $ | 1,409,913 | $ | 3,175,544 | |||||||||||
| Depreciation and amortization of property | 17,492 | 7,407 | 24,899 | ||||||||||||||
| Amortization of intangibles | 3,144 | 32,437 | 35,581 | ||||||||||||||
| Capital expenditures | 22,544 | 4,643 | 27,187 | ||||||||||||||
| Year Ended June 30, 2024 | |||||||||||||||||
| Assets used in the business | $ | 1,865,269 | $ | 1,086,641 | $ | 2,951,910 | |||||||||||
| Depreciation and amortization of property | 17,700 | 5,731 | 23,431 | ||||||||||||||
| Amortization of intangibles | 3,188 | 25,735 | 28,923 | ||||||||||||||
| Capital expenditures | 18,040 | 6,824 | 24,864 | ||||||||||||||
| June 30, | 2026 | 2025 | |||||||||
| Long-Lived Assets: | |||||||||||
| United States | $ | 300,861 | $ | 269,218 | |||||||
| Canada | 29,666 | 33,230 | |||||||||
| Other Countries | 14,323 | 14,360 | |||||||||
| Total | $ | 344,850 | $ | 316,808 | |||||||
| Year Ended June 30, | 2026 | 2025 | 2024 | ||||||||||||||
| Unrealized gain on assets held in rabbi trust for a non-qualified deferred compensation plan | $ | (4,262) | $ | (2,748) | $ | (3,300) | |||||||||||
| Foreign currency transaction losses (gains) | 2,599 | 529 | (1,099) | ||||||||||||||
| Net other periodic post-employment costs | 114 | 145 | 114 | ||||||||||||||
| Life insurance income, net | (865) | (772) | (855) | ||||||||||||||
| Other, net | (329) | (204) | 2 | ||||||||||||||
| Total other income, net | $ | (2,743) | $ | (3,050) | $ | (5,138) | |||||||||||
| /s/ Neil A. Schrimsher | /s/ David K. Wells | |||||||
| President & Chief Executive Officer | Vice President - Chief Financial Officer & Treasurer | |||||||
| • | Report of Independent Registered Public Accounting Firm | |||||||
| • | Statements of Consolidated Income for the Years Ended June 30, 2026, 2025, and 2024 | |||||||
| • | Statements of Consolidated Comprehensive Income for the Years Ended June 30, 2026, 2025, and 2024 | |||||||
| • | Consolidated Balance Sheets at June 30, 2026 and 2025 | |||||||
| • | Statements of Consolidated Cash Flows for the Years Ended June 30, 2026, 2025, and 2024 | |||||||
| • | Statements of Consolidated Shareholders' Equity For the Years Ended June 30, 2026, 2025, and 2024 | |||||||
| • | Notes to Consolidated Financial Statements for the Years Ended June 30, 2026, 2025, and 2024 | |||||||
| Page No. | ||||||||
| Schedule II - Valuation and Qualifying Accounts: Pg. 73 | ||||||||
| * Asterisk indicates an executive compensation plan or arrangement. | |||||
| Exhibit No. | Description | ||||
| 3.1 | |||||
| 3.2 | |||||
| 4.1 | Certificate of Merger of Bearings, Inc. (Ohio) (now named Applied Industrial Technologies, Inc.) and Bearings, Inc. (Delaware) filed with the Ohio Secretary of State on October 18, 1988, including an Agreement and Plan of Reorganization dated September 6, 1988 (filed as Exhibit 4(a) to Applied's Registration Statement on Form S-4 filed May 23, 1997, Registration No. 333-27801, and incorporated here by reference). | ||||
| 4.2 | |||||
| 4.3 | |||||
| *10.5 | |||||
| *10.6 | |||||
| *10.7 | |||||
| *10.8 | |||||
| *10.9 | |||||
| *10.10 | |||||
| *10.11 | |||||
| *10.12 | |||||
| *10.13 | |||||
| *10.14 | |||||
| *10.15 | |||||
| *10.16 | |||||
| *10.17 | |||||
| *10.18 | |||||
| *10.19 | |||||
| *10.20 | |||||
| *10.21 | |||||
| *10.22 | |||||
| *10.23 | |||||
| *10.24 | |||||
| *10.25 | |||||
| *10.26 | |||||
| *10.27 | |||||
| *10.28 | |||||
| *10.29 | |||||
| *10.30 | |||||
| *10.31 | |||||
| *10.32 | |||||
| *10.33 | |||||
| *10.34 | |||||
| *10.35 | |||||
| 19 | |||||
| 21 | |||||
| 23 | |||||
| 24 | |||||
| 31 | |||||
| 32 | |||||
| 95 | |||||
| 97 | |||||
| 101 | The following financial information from Applied Industrial Technologies, Inc.'s Annual Report on Form 10-K for the year ended June 30, 2026, formatted in Inline XBRL (Extensible Business Reporting Language) includes: (i) the Statements of Consolidated Income, (ii) the Statements of Consolidated Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Statements of Consolidated Cash Flows, (v) the Statements of Consolidated Shareholders' Equity, and (vi) the Notes to the Consolidated Financial Statements. | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). | ||||
| COLUMN A | COLUMN B | COLUMN C | COLUMN D | COLUMN E | ||||||||||||||||||||||||||||||||||
| DESCRIPTION | Balance at Beginning of Period | Additions (Deductions) Charged to Cost and Expenses | Additions (Deductions) Charged to Other Accounts | Deductions from Reserve | Balance at End of Period | |||||||||||||||||||||||||||||||||
| Year Ended June 30, 2026 | ||||||||||||||||||||||||||||||||||||||
| Reserve deducted from assets to which it applies — | ||||||||||||||||||||||||||||||||||||||
| Accounts receivable: | ||||||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 16,462 | $ | 4,613 | $ | — | $ | 5,620 | (B) | $ | 15,455 | |||||||||||||||||||||||||||
| Returns reserve | 10,869 | — | 1,361 | (A) | — | 12,230 | ||||||||||||||||||||||||||||||||
| $ | 27,331 | $ | 4,613 | $ | 1,361 | $ | 5,620 | $ | 27,685 | |||||||||||||||||||||||||||||
| Year Ended June 30, 2025 | ||||||||||||||||||||||||||||||||||||||
| Reserve deducted from assets to which it applies — | ||||||||||||||||||||||||||||||||||||||
| Accounts receivable: | ||||||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 13,063 | $ | 5,978 | $ | — | $ | 2,579 | (B) | $ | 16,462 | |||||||||||||||||||||||||||
| Returns reserve | 10,815 | — | 54 | (A) | — | 10,869 | ||||||||||||||||||||||||||||||||
| $ | 23,878 | $ | 5,978 | $ | 54 | $ | 2,579 | $ | 27,331 | |||||||||||||||||||||||||||||
| Year Ended June 30, 2024 | ||||||||||||||||||||||||||||||||||||||
| Reserve deducted from assets to which it applies — | ||||||||||||||||||||||||||||||||||||||
| Accounts receivable: | ||||||||||||||||||||||||||||||||||||||
| Allowance for doubtful accounts | $ | 22,334 | $ | (205) | $ | — | $ | 9,066 | (B) | $ | 13,063 | |||||||||||||||||||||||||||
| Returns reserve | 12,635 | — | (1,820) | (A) | — | 10,815 | ||||||||||||||||||||||||||||||||
| $ | 34,969 | $ | (205) | $ | (1,820) | $ | 9,066 | $ | 23,878 | |||||||||||||||||||||||||||||
| /s/ Neil A. Schrimsher | /s/ David K. Wells | |||||||
| Neil A. Schrimsher President & Chief Executive Officer | David K. Wells Vice President-Chief Financial Officer & Treasurer | |||||||
| /s/ Richard M. Wagner | ||||||||
| Richard M. Wagner Chief Accounting Officer & Controller (Principal Accounting Officer) | ||||||||
| /s/ Jon S. Ploetz | ||
| Jon S. Ploetz, as attorney in fact | ||
| for persons indicated by “*” | ||
Policy Title: | Policy No: | 603.1 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.2 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.3 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.4 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.5 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.6 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.7 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.8 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.9 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.10 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.11 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
Policy Title: | Policy No: | 603.12 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
| Obligation | Duration | Key Requirements | ||||||
| MNPI Trading Restriction | Until information is public or no longer material | No trading in Applied securities while in possession of MNPI | ||||||
| Section 16 Reporting & Pre-Clearance | 6 months following departure | Pre-clearance required; Form 4 filing within 2 business days of any transaction | ||||||
| Temporary Rule 144 Affiliate Status | 90 days following termination of affiliate status | Must comply with Rule 144 volume, manner of sale, and current public information requirements; contact General Counsel before any open-market sale | ||||||
Policy Title: | Policy No: | 603.13 | ||||||
INSIDER TRADING | Date: | 4/21/26 | ||||||
Supersedes: | 8/8/23 | |||||||
| Name | Jurisdiction of Incorporation or Organization | |||||||
| * Air Draulics Engineering Co. | Tennessee | |||||||
| AIT Canada, ULC | Nova Scotia | |||||||
| AIT Holding Corp. | Alberta | |||||||
| AIT International Inc. | Ohio | |||||||
| AIT Receivables LLC | Delaware | |||||||
| * Advanced Control Solutions & Automation, Inc. | Ohio | |||||||
| Applied Australia Holdings Pty Ltd. | Australia | |||||||
| Applied Automation, Inc. | Ohio | |||||||
| Applied Bearing Distributors, LLC | Ohio | |||||||
| Applied Canada Holdings, ULC | Nova Scotia | |||||||
| * Applied Fluid Power Holdings, LLC | Ohio | |||||||
| Applied Industrial Technologies - CA LLC | Delaware | |||||||
| Applied Industrial Technologies - Capital, Inc. | Delaware | |||||||
| Applied Industrial Technologies - Dixie, Inc. | Tennessee | |||||||
| Applied Industrial Technologies, LP | Ontario | |||||||
| Applied Industrial Technologies Limited | New Zealand | |||||||
| Applied Industrial Technologies - PA LLC | Pennsylvania | |||||||
| Applied Industrial Technologies - PACIFIC LLC | Delaware | |||||||
| Applied Industrial Technologies Canada, ULC | Nova Scotia | |||||||
| Applied Industrial Technologies Pty Ltd. | Australia | |||||||
| * Applied Maintenance Supplies & Solutions, LLC | Ohio | |||||||
* Applied México, S.A. de C.V. (97%-owned by subsidiaries of Applied Industrial Technologies, Inc.) | Mexico | |||||||
| Applied Mexico Holdings, S.A. de C.V. | Mexico | |||||||
| Applied Northern Holdings, ULC | Nova Scotia | |||||||
| Applied Nova Scotia Company | Nova Scotia | |||||||
| Applied US, L.P. | Delaware | |||||||
| * Applied US Energy, Inc. | Ohio | |||||||
| * Atlantic Fasteners Co., LLC | Ohio | |||||||
| A&H Fluid Technologies Inc. | Alabama | |||||||
| BER International, Inc. | Barbados | |||||||
| * Baro Controls, Inc. | Texas | |||||||
| * Baro Process Products, Inc. | Texas | |||||||
| * Basin Engine & Pump, Inc. | Texas | |||||||
| * Spencer Fluid Power, Inc. | Ohio | |||||||
| * Stanley M. Proctor Company, LLC | Ohio | |||||||
| * Texas Oilpatch Services, LLC | Ohio | |||||||
| * VYCMEX Mexico, S.A. de C.V. | Mexico | |||||||
| * Operating companies that do not conduct business under Applied Industrial Technologies trade name | ||||||||
| Date: 8/12/2026 | By: /s/ Madhuri A. Andrews | |||||||
| Date: 8/07/2026 | By: /s/ Shelly M. Chadwick | |||||||
| Date: 8/12/2026 | By: /s/ Mary Dean Hall | |||||||
| Date: 8/07/2026 | By: /s/ Robert J. Pagano, Jr. | |||||||
| Date: 8/07/2026 | By: /s/ Vincent K. Petrella | |||||||
| Date: 8/09/2026 | By: /s/ Joe A. Raver | |||||||
| Date: 8/13/2026 | By: /s/ Richard J. Simoncic | |||||||
| Date: 8/13/2026 | By: /s/ Peter C. Wallace | |||||||
| 1 | I have reviewed this annual report on Form 10-K of Applied Industrial Technologies, Inc.; | |||||||
| 2 | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |||||||
| 3 | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |||||||
| 4 | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: | |||||||
| a. | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | |||||||
| b. | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | |||||||
| c. | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | |||||||
| d. | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and | |||||||
| 5 | The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function): | |||||||
| a. | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and | |||||||
| b. | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. | |||||||
| Date: August 13, 2026 | /s/ Neil A. Schrimsher | |||||||
| Neil A. Schrimsher | ||||||||
| President & Chief Executive Officer | ||||||||
| 1 | I have reviewed this annual report on Form 10-K of Applied Industrial Technologies, Inc.; | |||||||
| 2 | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |||||||
| 3 | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |||||||
| 4 | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: | |||||||
| a. | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | |||||||
| b. | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | |||||||
| c. | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | |||||||
| d. | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and | |||||||
| 5 | The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function): | |||||||
| a. | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and | |||||||
| b. | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. | |||||||
| Date: August 13, 2026 | /s/ David K. Wells | |||||||
| David K. Wells | ||||||||
| Vice President-Chief Financial Officer & Treasurer | ||||||||
| /s/ Neil A. Schrimsher | /s/ David K. Wells | |||||||
| Neil A. Schrimsher President & Chief Executive Officer | David K. Wells Vice President-Chief Financial Officer & Treasurer | |||||||
| Dated: August 13, 2026 | ||||||||
| Mine or Operating Name / MSHA Identification Number | (#) Section 104 S&S Citations | (#) Section 104(b) Orders | (#) Section 104(d) Citations and Orders | (#) Section 110(b)(2) Violations | (#) Section 107(a) Orders | ($) Total Dollar Value of MSHA Assessments Proposed | (#) Total Number of Mining Related Fatalities | (yes/no) Received Notice of Pattern of Violations Under Section 104(e) | (yes/no) Received Notice of Potential to Have Pattern Under Section 104(e) | (#) Legal Actions Pending as of 6/30/26 | (#) Legal Actions Initiated During Period | (#) Legal Actions Resolved During the Period | ||||||||||||||||||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | |||||||||||||||||||||||||||||||||
| (1) | United States mines. | ||||
| (2) | The total number of citations received from MSHA under §104 of the Mine Act for health or safety standards that could significantly and substantially contribute to a serious injury if left unabated. | ||||
| (3) | The total number of orders issued by MSHA under §104(b) of the Mine Act, which represents a failure to abate a citation under §104(a) within the period of time prescribed by MSHA. | ||||
| (4) | The total number of citations and orders issued by MSHA for unwarrantable failure to comply with mandatory health or safety standards under §104(d) of the Mine Act. | ||||
| (5) | The total number of flagrant violations issued by MSHA under §110(b)(2) of the Mine Act. | ||||
| (6) | The total number of imminent danger orders issued by MSHA under §107(a) of the Mine Act. | ||||