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AI brief of an SEC Form 8-K · Applied Industrial Technologies (AIT)

Applied Industrial Technologies Q1 net income up 12.7%, EPS guidance raised

Positive Impact 4 of 5 earnings

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.

Key points

  • 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.

The filing

CompanyApplied Industrial Technologies (AIT)
Form8-K, current report
Filed with the SECOct 27, 2026, 9:31 AM ET
Accession number0000109563-26-000051

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.