Oct 27, 9:31 AM ET
Applied Industrial Technologies reported fiscal 2027 first quarter net sales of $1.3 billion, up 7.6% from a year earlier, and net income of $110.4 million, or $2.97 per share, up 12.7%. The company modestly raised its fiscal 2027 EPS guidance to $11.70 to $12.20 and kept its sales and EBITDA margin guidance unchanged, while also announcing a leadership change on its board.
- Net sales of $1.3 billion rose 7.6% year over year, or 7.1% on an organic basis; Engineered Solutions organic sales rose 14.1%.
- Net income of $110.4 million, or $2.97 per diluted share, compared with $2.63 per diluted share a year earlier.
- Fiscal 2027 EPS guidance raised to $11.70 to $12.20 from $11.65 to $12.15; sales growth guidance of 4.0% to 6.5% maintained.
- Quarterly dividend of $0.51 per share payable November 30, 2026; Joe A. Raver to succeed Peter C. Wallace as independent Chairman.
Read the filing on SEC.gov ↗
Oct 22, 4:27 PM ET
Applied Industrial Technologies added Michael L. Olosky, CEO of Simpson Manufacturing, to its board of directors at its October 20, 2026 annual meeting, where shareholders also elected three directors, approved executive pay in an advisory vote, and ratified Deloitte & Touche LLP as auditor. The filing reports votes, not financial results, so it does not change the company's reported performance.
- Michael L. Olosky, age 58, elected to the board with a term expiring October 2028; appointed to the Corporate Governance & Sustainability and Executive Organization & Compensation Committees.
- Robert J. Pagano, Jr., Neil A. Schrimsher and Pamela J. Tomczik elected as directors for three-year terms; Pagano received 27,434,584 votes for and 303,196 withheld.
- Advisory say-on-pay proposal received 29,946,147 votes for and 451,212 against.
- Deloitte & Touche LLP ratified as independent auditors for fiscal year ending June 30, 2027, with 30,789,800 votes for and 1,148,221 against.
Read the filing on SEC.gov ↗
Aug 14, 4:20 PM ET
Applied Industrial Technologies elected Pamela J. Tomczik, currently Senior Vice President, Treasurer and Business Development at Target Corporation, to its Board of Directors effective August 11, 2026. Director Peter C. Wallace submitted his retirement notice the same day under the company's director retirement policy, effective at the October 20, 2026 annual meeting of shareholders.
- Pamela J. Tomczik, age 52, elected to the board on August 11, 2026, with a term expiring in October 2026; no committee appointments yet.
- Tomczik has served as Senior Vice President, Treasurer and Business Development at Target Corporation since October 2022.
- Peter C. Wallace gave notice of retirement from the board on August 11, 2026, under the director age-72 retirement policy, effective October 20, 2026.
- Tomczik will receive non-employee director compensation and enter an Indemnification Agreement with Applied.
Read the filing on SEC.gov ↗
Aug 13, 9:46 AM ET
Applied Industrial Technologies reported fiscal 2026 fourth-quarter net sales of $1.4 billion, up 10.4%, and diluted EPS of $3.17, up from $2.80 a year earlier. It also set fiscal 2027 guidance for EPS of $11.65 to $12.15 and total sales growth of 4.0% to 6.5%, and raised its intermediate targets to $7 billion in sales and a 14% EBITDA margin over the next five years, which may matter to shareholders as a signal of expected earnings growth.
- Q4 FY26 net sales $1.4 billion, up 10.4%; organic sales up 9.7%
- Q4 FY26 net income $118.6 million, or $3.17 per diluted share, up from $2.80
- FY27 guidance: EPS $11.65 to $12.15, total sales growth 4.0% to 6.5%, EBITDA margin 12.5% to 12.8%
- Full-year FY26 purchases of treasury shares totaled $317.2 million; long-term debt fell to $262.3 million from $572.3 million
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
