Every material Form 8-K Applied Industrial Technologies has filed with the SEC since August 15, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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
Applied Industrial Technologies accepted the resignation of director Mary Dean Hall on June 22, 2026, effective at the next annual shareholder meeting. The filing discloses no reason for the resignation and no replacement director.
Board committee accepted Mary Dean Hall's resignation as director on June 22, 2026.
Resignation takes effect at Applied's next annual meeting of shareholders.
The filing does not name a successor or state a reason for the departure.
Applied Industrial Technologies reported fiscal third-quarter net sales of $1.3 billion, up 7.3% from a year earlier, and diluted EPS of $2.65 versus $2.57. The company raised its fiscal 2026 EPS guidance low end to $10.64 from $10.45 and its total sales growth guidance to 7.2% to 7.7%, and its Board authorized a new buyback of up to 3.0 million shares.
Q3 net sales $1.3 billion, up 7.3%; organic sales up 6.0% year over year
Diluted EPS $2.65 vs. $2.57 a year earlier; net income $99.8 million
FY26 EPS guidance $10.64 to $10.75 (prior $10.45 to $10.75); total sales growth 7.2% to 7.7% (prior 5.5% to 7.0%)
Board authorized repurchase of up to 3.0 million shares; quarterly dividend of $0.51 payable May 29, 2026
Applied Industrial Technologies reported fiscal 2026 second-quarter net sales of $1.2 billion, up 8.4%, and net income of $95.3 million, or $2.51 per diluted share, up 4.6%. The company narrowed its fiscal 2026 EPS guidance to $10.45 to $10.75 from $10.10 to $10.85, and also announced an acquisition and an 11% dividend increase.
Q2 diluted EPS of $2.51 versus $2.39 a year earlier; EBITDA of $140.4 million, up 3.9%
FY26 EPS guidance adjusted to $10.45 to $10.75 (prior $10.10 to $10.85); LIFO expense guidance raised to $24 million to $26 million
Acquisition of Thompson Industrial Supply Inc., expected to generate about $20 million in annual sales in its first year
Quarterly dividend raised 11% to $0.51 per share, payable February 27, 2026, to holders of record on February 13, 2026
Applied Industrial Technologies reported fiscal 2026 first quarter net sales of $1.2 billion, up 9.2% from a year earlier, and net income of $100.8 million, or $2.63 per diluted share, up 11.4%. The company raised its fiscal 2026 EPS guidance to $10.10 to $10.85 from $10.00 to $10.75, while reiterating its sales and EBITDA margin guidance.
Net sales of $1.2 billion rose 9.2%; organic sales rose 3.0%, and acquisitions contributed 6.3%.
Net income was $100.8 million, or $2.63 per diluted share, up 11.4% year over year; EBITDA was $146.3 million.
Fiscal 2026 EPS guidance raised to $10.10 to $10.85 from $10.00 to $10.75; sales guidance of up 4% to 7% and EBITDA margin guidance of 12.2% to 12.5% were maintained.
Quarterly cash dividend of $0.46 per share, payable November 28, 2025, to holders of record on November 14, 2025.
Applied Industrial Technologies entered a $900 million senior unsecured revolving credit facility dated October 24, 2025, replacing its prior $900 million credit agreement from December 2021. The new facility will refinance the existing credit facility and fund working capital and general corporate purposes, which may include acquisitions. The filing does not report a change in the company's revenue, profit or guidance, so the effect on shareholders depends on the terms of the new borrowing.
Credit Facility of $900 million matures October 24, 2030, with up to $800 million of additional borrowing available through increases or incremental term loans
Loans bear interest at base rate plus 0 to 35 basis points, or adjusted term SOFR plus 80 to 135 basis points, based on net leverage ratio
Covenants include maximum net leverage ratio of 3.75 to 1.0 (up to 4.25 to 1.0 for certain material acquisitions) and minimum interest coverage ratio of 2.75 to 1.0
Replaces the prior $900 million credit agreement dated December 9, 2021, with KeyBank National Association as administrative agent
Applied Industrial Technologies reported fiscal 2025 fourth-quarter net sales of $1.2 billion, up 5.5%, and diluted earnings of $2.80 per share, up from $2.64 a year earlier, while EBITDA fell 0.3%. For fiscal 2026 it guided to EPS of $10.00 to $10.75 on total sales growth of 4% to 7%, which does not include future acquisitions or share buybacks.
Q4 net sales $1.2 billion, up 5.5%; up 0.2% on an organic daily basis
Q4 diluted EPS $2.80 vs. $2.64 a year earlier; Q4 EBITDA $153.0 million, down 0.3%
Full-year fiscal 2025 net income $393.0 million, or $10.12 per diluted share; free cash flow $465.2 million
Fiscal 2026 guidance: EPS of $10.00 to $10.75 and total sales up 4% to 7%, including 1% to 4% organic
Applied Industrial Technologies amended its accounts receivable securitization facility on July 10, 2025, extending its maturity from August 4, 2026 to July 10, 2028. The company's special purpose subsidiary, AIT Receivables LLC, paid customary fees to the lenders in connection with the amendment.
Receivables Facility maturity extended from August 4, 2026 to July 10, 2028
Amendments dated July 10, 2025 with PNC Bank, National Association as administrative agent
AIT Receivables LLC paid customary fees to the lenders
Applied Industrial Technologies reported fiscal third-quarter net sales of $1.2 billion, up 1.8% year over year, and net income of $99.8 million, or $2.57 per share, up 3.7%, but organic daily sales fell 3.1%. It narrowed its fiscal 2025 EPS guidance to $9.85 to $10.00 from $9.65 to $10.05 while lowering its sales growth outlook to flat to up 1% from up 1% to 3%, and also agreed to acquire IRIS Factory Automation and authorized a new 1.5 million share repurchase.
Q3 net sales $1.2 billion, up 1.8% year over year; organic daily sales down 3.1%
Q3 net income $99.8 million, or $2.57 per share; EBITDA $144.9 million, up 6.8%
Fiscal 2025 EPS guidance $9.85 to $10.00 (prior $9.65 to $10.05); sales growth flat to up 1% (prior up 1% to 3%)
Quarterly dividend of $0.46 per share payable May 30, 2025; new 1.5 million share repurchase authorization
Applied Industrial Technologies reported fiscal 2025 second-quarter net income of $93.3 million, or $2.39 per diluted share, up from $2.32 a year earlier, on net sales of $1.1 billion that fell 0.4%. The company raised its fiscal 2025 EPS guidance to $9.65 to $10.05 from $9.25 to $10.00 and increased its quarterly dividend 24% to $0.46 per share.
Net sales of $1.1 billion, down 0.4% year over year; down 3.4% on an organic daily basis
Net income of $93.3 million, or $2.39 per diluted share, versus $2.32 a year earlier; EBITDA of $135.1 million, up 3.3%
Fiscal 2025 EPS guidance raised to $9.65 to $10.05 from $9.25 to $10.00, including the Hydradyne acquisition that closed December 31, 2024
Quarterly dividend raised to $0.46 per share, payable February 28, 2025, to holders of record on February 14, 2025
Applied Industrial Technologies agreed on November 21, 2024 to acquire all membership interests of Hydradyne, LLC, a Dallas-based fluid power distributor, from LOR, Inc. for $272 million, subject to customary post-closing adjustments and funded with cash on hand. Applied expects the acquisition to contribute about $260 million in sales and $30 million in EBITDA before anticipated synergies and to be accretive to EPS within the first 12 months of ownership, and it expects the deal to close in the fourth quarter of 2024 subject to regulatory and other conditions.
Purchase price is $272 million, paid in cash on hand, subject to post-closing adjustments for cash, indebtedness, transaction expenses and working capital
Applied expects Hydradyne to add about $260 million in sales and $30 million in EBITDA before synergies, and to be accretive to EPS within 12 months
Closing is expected in the fourth quarter of 2024, subject to HSR antitrust waiting period expiration; either party may terminate if not closed by March 21, 2025
Hydradyne has nearly 500 associates across 33 Southeastern U.S. locations and will become part of the Engineered Solutions segment
Applied Industrial Technologies said Richard M. Wagner, its Chief Accounting Officer & Controller since August 2024, will take over as principal accounting officer, succeeding David K. Wells, who remains principal financial officer. The change concerns internal reporting roles and does not alter the company's financial results or outlook as stated in the filing.
Richard M. Wagner, age 56, becomes principal accounting officer effective after October 25, 2024.
David K. Wells, Vice President – Chief Financial Officer & Treasurer, will continue as principal financial officer.
Wagner previously was Vice President, Chief Accounting Officer at Dentsply Sirona, Inc. and Hillrom Holdings, Inc. before joining Applied.
The filing states no family relationships or reportable related transactions for Wagner.
Applied Industrial Technologies reported fiscal 2025 first-quarter net sales of $1.1 billion, up 0.3% year over year, and net income of $92.1 million, or $2.36 per share, down 1.0%. The company raised its fiscal 2025 EPS guidance to $9.25 to $10.00 from $9.20 to $9.95, mainly on updated interest and other income assumptions, while keeping its sales and EBITDA margin guidance unchanged.
Net sales rose 0.3% to $1.1 billion, but fell 3.0% on an organic daily basis
Net income of $92.1 million ($2.36 per share) and EBITDA of $129.0 million both declined from the prior year
Fiscal 2025 EPS guidance raised to $9.25 to $10.00; sales guidance of down 2.5% to up 2.5% maintained
Quarterly dividend of $0.37 per share declared, payable November 29, 2024 to holders of record on November 15, 2024
Applied Industrial Technologies reported fiscal 2024 fourth-quarter net income of $103.5 million, or $2.64 per diluted share, up 12.6% from a year earlier, on net sales of $1.2 billion that rose 0.2%. Organic daily sales fell 2.0%, and the company said sales through mid-August were trending down by a mid single-digit percent, while it guided fiscal 2025 EPS to $9.20 to $9.95, compared with full-year fiscal 2024 adjusted EPS of $9.75.
Q4 fiscal 2024 net income $103.5 million, or $2.64 per diluted share, up 12.6%; EBITDA $153.5 million, up 9.6%
Q4 net sales $1.2 billion, up 0.2%, but down 2.0% on an organic daily basis
Fiscal 2025 guidance: EPS $9.20 to $9.95 and total sales down 2.5% to up 2.5%
Acquisitions of Total Machine Solutions and Stanley Proctor expected to generate combined annual sales of approximately $17 million in the first year
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