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    Patrick Schuchard

    Research Analyst at Oppenheimer & Co. Inc.

    Patrick Schuchard is an Equity Research Associate at Oppenheimer & Co. Inc., specializing in analytical coverage within the industrial sector. Since joining Oppenheimer in 2011, Schuchard has contributed research on companies such as Applied Industrial Technologies and supports detailed earnings analysis and valuation assessments. His career prior to Oppenheimer includes experience as a Financial Valuation Consultant, providing a strong technical foundation for his research role. Schuchard holds professional credentials as a registered investment adviser with FINRA and has maintained this regulatory status throughout his tenure.

    Patrick Schuchard's questions to APPLIED INDUSTRIAL TECHNOLOGIES (AIT) leadership

    Patrick Schuchard's questions to APPLIED INDUSTRIAL TECHNOLOGIES (AIT) leadership • Q2 2025

    Question

    Patrick Schuchard asked for the history and strategic rationale behind the Hydradyne acquisition and inquired about the current strategic focus of the M&A pipeline, such as whether it prioritizes fluid power or other areas.

    Answer

    President and CEO Neil Schrimsher described Hydradyne as a long-known, attractive target due to its strong geographic fit in the southern U.S. and its complementary value-added solutions. He confirmed the M&A pipeline remains active with targets across fluid power, flow control, and automation, supported by a strong balance sheet with pro forma net leverage at a modest 0.5x post-acquisition.

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