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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
This disclosure has been prepared in accordance with the SEC’s pay versus performance rules in Item 402(v) of Regulation
S-K
under the 1934 Act (“Item 402(v)”) and does not necessarily reflect value actually realized by the NEOs or how the Executive Organization & Compensation Committee evaluates the execution of its pay for performance philosophy and compensation decisions in light of Applied’s or any individual’s performance. For discussion of how the Executive Organization & Compensation Committee seeks to align pay with performance when making compensation decisions, please review the Compensation Discussion and Analysis beginning on page 23.
The following tables and related disclosures provide information concerning (i) the total compensation of our principal executive officer (“PEO”) and our
non-PEO
Named Executive Officers (collectively, the “Other NEOs”) as presented in the Summary Compensation Table on page 43, (ii) the “compensation actually paid” (“CAP”) to our PEO and our Other NEOs, as calculated pursuant to Item 402(v), (iii) certain financial performance measures, and (iv) the relationship of the CAP to those financial performance measures.
 
    
Summary
Compensation
Table (SCT)
Total for PEO
($) (1)
   
Compensation
Actually Paid
to PEO
($) (1, 2)
   
Average
SCT Total
for Other
NEOs
($) (1)
   
Average
Compensation
Actually Paid
to Other NEOs
($) (1, 2)
   
Value of Initial Fixed $100
Investment Based On:
          
Adjusted
EBITDA
($) (5)
 
Year
 
Company TSR
($)
   
Peer Group TSR
($) (3)
   
Net
Income
($) (4)
 
 
(a)
 
(b)
   
(c)
   
(d)
   
(e)
   
(f)
   
(g)
   
(h)
   
(i)
 
2025
    6,517,480       9,689,937       1,357,183       1,820,792       394.04       258.89       392,988       562,059  
2024
    6,276,998       13,971,455       1,330,511       2,461,405       326.62       220.38       385,762       553,315  
2023
    6,361,505       17,661,702       1,383,353       2,666,450       241.87       185.01       346,739       524,421  
2022
    5,840,834       8,823,200       1,353,747       1,776,726       158.89       129.96       257,414       408,949  
2021
    6,084,592       11,107,443       1,412,320       2,139,081       148.43       134.03       144,757       310,121  
 
(1)
Neil A. Schrimsher was our PEO for each year presented. The individuals comprising the Other NEOs for each year presented are listed below:
  (i)
2025 and 2024 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, and Jason W. Vasquez
  (ii
2023 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, Jason W. Vasquez, and Fred D. Bauer.
  (ii)
2022 and 2021 – David K. Wells, Fred D. Bauer, Warren E. Hoffner, and Kurt W. Loring.
(2)
The tables below show the adjustments, each of which is required by SEC rules, to calculate CAP amounts from the SCT Total of our PEO and our Other NEOs. These amounts do not reflect the actual amount of compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402(v).
PEO SCT Total to CAP Reconciliation
 
Year
  
SCT Total
($)
    
Deductions from SCT Total
($)
    
Additions to SCT Total
($)
    
Compensation Actually Paid
($)
 
            
(i)
    
(ii)
        
2025
     6,517,480        4,338,278        7,510,735        9,689,937  
2024
     6,276,998        3,909,392        11,603,849        13,971,455  
2023
     6,361,505        3,489,746        14,789,943        17,661,702  
2022
     5,840,834        2,998,444        5,980,810        8,823,200  
2021
     6,084,592        3,351,101        8,373,952        11,107,443  
 
  (i)
Represents the grant-date fair value of equity-based awards granted in each fiscal year presented, as shown in the “Stock Awards” and “Option Awards” columns of the SCT.
  (ii)
Represents the value of equity calculated in accordance with Item 402(v) for each fiscal year presented.
 
  Average
Non-PEO
NEOs SCT Total to CAP Reconciliation
 
Year
  
SCT Total
($)
    
Deductions from SCT Total
($)
    
Additions to SCT Total
($)
    
Compensation Actually Paid
($)
 
            
(i)
    
(ii)
        
2025
     1,357,183        618,107        1,081,716        1,820,792  
2024
     1,330,511        577,877        1,708,771        2,461,405  
2023
     1,383,353        505,217        1,788,314        2,666,450  
2022
     1,353,747        453,345        876,324        1,776,726  
2021
     1,412,320        497,352        1,224,113        2,139,081  
 
  (i)
Represents the grant-date fair value of equity-based awards granted in each fiscal year presented, as shown in the “Stock Awards” and “Option Awards” columns of the SCT.
  (ii)
Represents the value of equity calculated in accordance with Item 402(v) for each fiscal year presented.
(3)
The peer group used in this disclosure is the Dow Jones US Industrial Suppliers Index (Peer Group), which is the same peer group used in Applied’s performance graph disclosed pursuant to Item 201(e) of Regulation
S-K
under the 1934 Act.
(4)
Net Income as reported in Applied’s Consolidated Statements of Income included in our Form
10-K.
(5)
Adjusted EBITDA for incentive programs, our company-selected measure, is the
non-GAAP
financial performance measure from the tabular list of 2025 Most Important Performance Measures below which, in Applied’s assessment, is the most important performance measure for 2025 not otherwise included in the table above.
The amounts in the “Additions to SCT Total” in the tables above are derived from the amounts set forth in the following tables:
PEO Equity Award Detail
 
Year
 
Year End Fair
Value of Equity
Awards Granted
in the Year
($)
 
Year Over Year
Change in Fair
Value of
Outstanding and
Unvested Equity
Awards
($)
 
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
 
Year Over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years that
Vested in the Year
($)
 
Fair Value at the
End of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in the
Year
($)
 
Value of
Dividends or
Other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
2025
      5,148,018       2,303,934       0       301,267       (274,932 )       32,448       7,510,735
2024
      5,259,141       6,128,124       0       196,491       (30,157 )       50,250       11,603,849
2023
      5,594,983       8,560,805       0       634,155       0       0       14,789,943
2022
      3,839,482       2,207,750       0       (81,162 )       0       14,740       5,980,810
2021
      6,070,046       2,338,732       0       420,550       (481,246 )       25,870       8,373,952
 
 
Non-PEO
NEO Equity Award Detail
 
Year
 
Year End Fair
Value of Equity
Awards Granted
in the Year
($)
 
Year Over Year
Change in Fair
Value of
Outstanding and
Unvested Equity
Awards
($)
 
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
 
Year Over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years that
Vested in the Year
($)
 
Fair Value at the
End of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in the
Year
($)
 
Value of
Dividends or
Other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
2025
      733,828       336,029       0       43,550       (36,787 )       5,096       1,081,716
2024
      779,623       907,146       0       19,923       (4,052 )       6,131       1,708,771
2023
      685,721       1,032,853       23,748       88,912       (42,920 )       0       1,788,314
2022
      575,457       311,053       0       (12,598 )       0       2,412       876,324
2021
      881,992       345,877       0       62,611       (70,462 )       4,095       1,224,113
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
Neil A. Schrimsher was our PEO for each year presented. The individuals comprising the Other NEOs for each year presented are listed below:
  (i)
2025 and 2024 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, and Jason W. Vasquez
  (ii
2023 – David K. Wells, Warren E. Hoffner, Kurt W. Loring, Jason W. Vasquez, and Fred D. Bauer.
  (ii)
2022 and 2021 – David K. Wells, Fred D. Bauer, Warren E. Hoffner, and Kurt W. Loring.
       
Peer Group Issuers, Footnote
(3)
The peer group used in this disclosure is the Dow Jones US Industrial Suppliers Index (Peer Group), which is the same peer group used in Applied’s performance graph disclosed pursuant to Item 201(e) of Regulation
S-K
under the 1934 Act.
       
PEO Total Compensation Amount $ 6,517,480 $ 6,276,998 $ 6,361,505 $ 5,840,834 $ 6,084,592
PEO Actually Paid Compensation Amount $ 9,689,937 13,971,455 17,661,702 8,823,200 11,107,443
Adjustment To PEO Compensation, Footnote
PEO SCT Total to CAP Reconciliation
 
Year
  
SCT Total
($)
    
Deductions from SCT Total
($)
    
Additions to SCT Total
($)
    
Compensation Actually Paid
($)
 
            
(i)
    
(ii)
        
2025
     6,517,480        4,338,278        7,510,735        9,689,937  
2024
     6,276,998        3,909,392        11,603,849        13,971,455  
2023
     6,361,505        3,489,746        14,789,943        17,661,702  
2022
     5,840,834        2,998,444        5,980,810        8,823,200  
2021
     6,084,592        3,351,101        8,373,952        11,107,443  
PEO Equity Award Detail
 
Year
 
Year End Fair
Value of Equity
Awards Granted
in the Year
($)
 
Year Over Year
Change in Fair
Value of
Outstanding and
Unvested Equity
Awards
($)
 
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
 
Year Over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years that
Vested in the Year
($)
 
Fair Value at the
End of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in the
Year
($)
 
Value of
Dividends or
Other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
2025
      5,148,018       2,303,934       0       301,267       (274,932 )       32,448       7,510,735
2024
      5,259,141       6,128,124       0       196,491       (30,157 )       50,250       11,603,849
2023
      5,594,983       8,560,805       0       634,155       0       0       14,789,943
2022
      3,839,482       2,207,750       0       (81,162 )       0       14,740       5,980,810
2021
      6,070,046       2,338,732       0       420,550       (481,246 )       25,870       8,373,952
       
Non-PEO NEO Average Total Compensation Amount $ 1,357,183 1,330,511 1,383,353 1,353,747 1,412,320
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,820,792 2,461,405 2,666,450 1,776,726 2,139,081
Adjustment to Non-PEO NEO Compensation Footnote
  Average
Non-PEO
NEOs SCT Total to CAP Reconciliation
 
Year
  
SCT Total
($)
    
Deductions from SCT Total
($)
    
Additions to SCT Total
($)
    
Compensation Actually Paid
($)
 
            
(i)
    
(ii)
        
2025
     1,357,183        618,107        1,081,716        1,820,792  
2024
     1,330,511        577,877        1,708,771        2,461,405  
2023
     1,383,353        505,217        1,788,314        2,666,450  
2022
     1,353,747        453,345        876,324        1,776,726  
2021
     1,412,320        497,352        1,224,113        2,139,081  
Non-PEO
NEO Equity Award Detail
 
Year
 
Year End Fair
Value of Equity
Awards Granted
in the Year
($)
 
Year Over Year
Change in Fair
Value of
Outstanding and
Unvested Equity
Awards
($)
 
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the Year
($)
 
Year Over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years that
Vested in the Year
($)
 
Fair Value at the
End of the Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in the
Year
($)
 
Value of
Dividends or
Other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
 
Total Equity
Award
Adjustments
($)
2025
      733,828       336,029       0       43,550       (36,787 )       5,096       1,081,716
2024
      779,623       907,146       0       19,923       (4,052 )       6,131       1,708,771
2023
      685,721       1,032,853       23,748       88,912       (42,920 )       0       1,788,314
2022
      575,457       311,053       0       (12,598 )       0       2,412       876,324
2021
      881,992       345,877       0       62,611       (70,462 )       4,095       1,224,113
       
Compensation Actually Paid vs. Total Shareholder Return
CAP versus TSR
The chart below compares the PEO’s and
Non-PEO
NEO’s CAP values to the four-year TSR values for the Company and the Peer Group:
 
 
LOGO
       
Compensation Actually Paid vs. Net Income
CAP versus Company Net Income
The chart below compares the PEO’s and
Non-PEO
NEO’s CAP values to the Company’s Net Income:
 
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
CAP versus Company Adjusted EBITDA
The chart below compares the PEO’s and
Non-PEO
NEO’s CAP values to the Company’s Adjusted EBITDA:
 
 
LOGO
       
Total Shareholder Return Vs Peer Group
TSR: Company versus Peer Group
The Company’s five-year cumulative TSR compared to the five-year cumulative TSR of the Peer Group:
 
 
LOGO
       
Tabular List, Table
The following table presents the financial performance measures that we consider to have been the most important in linking CAP to our PEO and Other NEO for 2025 to performance, as further described in the Compensation Discussion and Analysis in the sections entitled “Annual Incentive Pay” and “Long-Term Incentives.” The measures in this table are not ranked.
 
2025 Most Important Performance Measures
Net Income
Adjusted EBITDA
Average Working Capital as a Percentage of Sales
ROA
       
Total Shareholder Return Amount $ 394.04 326.62 241.87 158.89 148.43
Peer Group Total Shareholder Return Amount 258.89 220.38 185.01 129.96 134.03
Net Income (Loss) $ 392,988 $ 385,762 $ 346,739 $ 257,414 $ 144,757
Company Selected Measure Amount 562,059 553,315 524,421 408,949 310,121
PEO Name Neil A. Schrimsher        
Measure:: 1          
Pay vs Performance Disclosure          
Name Net Income        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
(5)
Adjusted EBITDA for incentive programs, our company-selected measure, is the
non-GAAP
financial performance measure from the tabular list of 2025 Most Important Performance Measures below which, in Applied’s assessment, is the most important performance measure for 2025 not otherwise included in the table above.
       
Measure:: 3          
Pay vs Performance Disclosure          
Name Average Working Capital as a Percentage of Sales        
Measure:: 4          
Pay vs Performance Disclosure          
Name ROA        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 7,510,735 $ 11,603,849 $ 14,789,943 $ 5,980,810 $ 8,373,952
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,148,018 5,259,141 5,594,983 3,839,482 6,070,046
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,303,934 6,128,124 8,560,805 2,207,750 2,338,732
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 301,267 196,491 634,155 (81,162) 420,550
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (274,932) (30,157) 0 0 (481,246)
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 32,448 50,250 0 14,740 25,870
PEO | Deductions from SCT Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,338,278) (3,909,392) (3,489,746) (2,998,444) (3,351,101)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,081,716 1,708,771 1,788,314 876,324 1,224,113
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 733,828 779,623 685,721 575,457 881,992
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 336,029 907,146 1,032,853 311,053 345,877
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 23,748 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 43,550 19,923 88,912 (12,598) 62,611
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (36,787) (4,052) (42,920) 0 (70,462)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,096 6,131 0 2,412 4,095
Non-PEO NEO | Deductions from SCT Total [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (618,107) $ (577,877) $ (505,217) $ (453,345) $ (497,352)