APPLIED INDUSTRIAL TECHNOLOGIES INC Earnings Per Share Disclosure
| Year Ended June 30, | 2025 | 2024 | 2023 | ||||||||||||||
| Net Income | $ | 392,988 | $ | 385,762 | $ | 346,739 | |||||||||||
| Average Shares Outstanding: | |||||||||||||||||
| Weighted-average common shares outstanding for basic computation | 38,289 | 38,672 | 38,592 | ||||||||||||||
| Dilutive effect of potential common shares | 527 | 585 | 628 | ||||||||||||||
| Weighted-average common shares outstanding for dilutive computation | 38,816 | 39,257 | 39,220 | ||||||||||||||
| Net Income Per Share — Basic | $ | 10.26 | $ | 9.98 | $ | 8.98 | |||||||||||
| Net Income Per Share — Diluted | $ | 10.12 | $ | 9.83 | $ | 8.84 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 15, 2025 | Showing above |
| 2024 | Aug 16, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.