Earnings summaries and quarterly performance for APPLIED INDUSTRIAL TECHNOLOGIES.
Executive leadership at APPLIED INDUSTRIAL TECHNOLOGIES.
Neil A. Schrimsher
Detailed
President & Chief Executive Officer
CEO
David K. Wells
Detailed
Vice President – Chief Financial Officer & Treasurer
Jason W. Vasquez
Detailed
Vice President – Sales & Marketing, U.S. Service Centers
Jon S. Ploetz
Detailed
Vice President – General Counsel & Secretary
Kurt W. Loring
Detailed
Vice President – Chief Human Resources Officer
Richard M. Wagner
Detailed
Chief Accounting Officer & Controller (Principal Accounting Officer)
Warren E. Hoffner
Detailed
Vice President, General Manager – Fluid Power & Flow Control
Board of directors at APPLIED INDUSTRIAL TECHNOLOGIES.
Research analysts who have asked questions during APPLIED INDUSTRIAL TECHNOLOGIES earnings calls.
David Manthey
Robert W. Baird & Co. Incorporated
6 questions for AIT
Also covers: BECN, BLDR, CLH +13 more
Kenneth Newman
KeyBanc Capital Markets
6 questions for AIT
Also covers: BOOM, CGNX, DSGR +10 more
Sabrina Abrams
Bank of America
6 questions for AIT
Also covers: GWW, ITT, ITW
Christopher Dankert
Loop Capital Markets
5 questions for AIT
Also covers: ATKR, BDC, ESAB +10 more
Christopher Glynn
Oppenheimer & Co. Inc.
3 questions for AIT
Also covers: AME, AYI, B +15 more
Patrick Schuchard
Oppenheimer & Co. Inc.
3 questions for AIT
Brett Linzey
Mizuho Securities
2 questions for AIT
Also covers: AIRO, ALLE, AME +15 more
Peter Costa
Mizuho Financial Group
2 questions for AIT
Also covers: ALLE, HUBB, NSSC
Sam Darkatsh
Raymond James & Associates, Inc.
2 questions for AIT
Also covers: GFF, TGLS, TTC +2 more
Aaron Reed
Northcoast Research
1 question for AIT
Also covers: RAIL, TNC
Peter Cost
Mizuho Securities
1 question for AIT
Recent press releases and 8-K filings for AIT.
AIT Announces Strong Q1 2026 Results and Raises FY26 EPS Guidance
AIT
Earnings
Guidance Update
Revenue Acceleration/Inflection
- AIT reported strong Q1 2026 financial results, with sales increasing 9.2% year-over-year to $1,200 million and Earnings Per Share (EPS) growing 11.4% to $2.63.
- The company achieved 3.0% organic sales growth in Q1 2026, its strongest in two years, primarily driven by the Service Center segment which saw sales increase over 4% year-over-year.
- EBITDA grew 13.4% year-over-year to $146.3 million, with the EBITDA margin expanding by 46 basis points to 12.2%.
- AIT increased its Fiscal Year 2026 diluted EPS guidance from $10.00-$10.75 to $10.10-$10.85, reflecting the strong Q1 performance and a lower diluted share count assumption, while reiterating its sales and EBITDA margin outlook.
- The company maintained a strong financial position, generating $112.0 million in free cash flow and reporting a net leverage ratio of 0.27x as of September 30, 2025.
Oct 28, 2025, 2:00 PM
Applied Industrial Technologies Reports Strong Q1 2026 Earnings and Raises Full-Year EPS Guidance
AIT
Earnings
Guidance Update
Share Buyback
- Applied Industrial Technologies (AIT) reported a strong Q1 2026, with EBITDA growing 13% and EPS growing 11% over the prior year, surpassing expectations.
- Consolidated sales increased 9.2% year-over-year, driven by 3% organic sales growth. The Service Center segment achieved 4.4% organic sales growth, while the Engineered Solutions segment experienced a 0.4% organic sales decrease.
- The company raised its full-year fiscal 2026 EPS guidance to $10.10-$10.85 from $10.00-$10.75, while maintaining sales growth guidance of 4%-7% (1%-4% organic) and EBITDA margins of 12.2%-12.5%.
- The Hydradyne acquisition's EBITDA contribution increased 20% sequentially in Q1 2026, on track for its first-year guidance of $260 million in sales and $30 million in EBITDA.
- AIT repurchased approximately 204,000 shares for $53 million in Q1 2026 and plans continued share buybacks and M&A activity for the remainder of fiscal 2026.
Oct 28, 2025, 2:00 PM
Applied Industrial Technologies Announces Strong Q1 2026 Results and Raises Full-Year EPS Guidance
AIT
Earnings
Guidance Update
Share Buyback
- Applied Industrial Technologies (AIT) reported strong Q1 2026 results, with EBITDA growing 13% and EPS increasing 11% over the prior year, surpassing expectations.
- Consolidated sales for Q1 2026 rose 9.2% year-over-year, including 6.3 points from acquisitions and 3% organic growth.
- EBITDA margins expanded to 12.2%, a 46 basis point increase from the prior year, exceeding the high end of Q1 guidance.
- The company raised its full-year fiscal 2026 EPS guidance to a range of $10.10 to $10.85 (from $10.00-$10.75), while maintaining sales growth guidance of 4% to 7% (1% to 4% organic) and EBITDA margin guidance of 12.2% to 12.5%.
- During Q1 2026, AIT repurchased approximately 204,000 shares for $53 million.
Oct 28, 2025, 2:00 PM
AIT Reports Strong Q1 2026 Earnings and Raises Full-Year EPS Guidance
AIT
Earnings
Guidance Update
Share Buyback
- AIT reported strong Q1 2026 results, with consolidated sales increasing 9.2% and organic sales up 3% over the prior year.
- EBITDA grew 13% and EPS increased 11.4% to $2.63 in Q1 2026, with EBITDA margins expanding to 12.2%.
- The company raised its full-year fiscal 2026 EPS guidance to a range of $10.10 to $10.85 (from $10 to $10.75), while maintaining sales and EBITDA margin guidance.
- AIT repurchased approximately 204,000 shares for $53 million in Q1 2026 and continues to prioritize M&A for fiscal 2026.
- The service center segment achieved 4.4% organic sales growth, while the engineered solutions segment had a slight organic sales decrease of 0.4%.
Oct 28, 2025, 2:00 PM
Applied Industrial Technologies Reports Q1 2026 Results and Updates Guidance
AIT
Earnings
Guidance Update
Dividends
- Applied Industrial Technologies reported net sales of $1.2 billion for the first quarter of fiscal 2026, an increase of 9.2% year-over-year, with 3.0% organic growth.
- Net income for Q1 2026 was $100.8 million, or $2.63 per diluted share, representing an 11.4% year-over-year increase.
- EBITDA for the quarter was $146.3 million, up 13.4% year-over-year, with an EBITDA margin of 12.2%.
- The company is increasing its fiscal 2026 EPS guidance to a range of $10.10 to $10.85 (from the prior $10.00 to $10.75), while reiterating sales and EBITDA margin guidance.
- A quarterly cash dividend of $0.46 per common share was declared, payable on November 28, 2025.
Oct 28, 2025, 1:07 PM
Applied Industrial Technologies Reports Strong Fiscal Q1, Raises FY26 Guidance
AIT
Earnings
Guidance Update
Dividends
- Applied Industrial Technologies reported a strong fiscal first quarter with a 9.2% sales increase to $1.2 billion and GAAP earnings per share of $2.63.
- The company raised its full-year fiscal 2026 earnings guidance to a range of $10.10 to $10.85 per share, citing robust sales growth and disciplined cost management.
- Operating cash flow reached $119.3 million with free cash flow at $112 million, supporting its strong financial health.
- A quarterly cash dividend of $0.46 per share was declared, payable November 28, 2025, and the company has executed over $300 million in share buybacks over the last five years.
Oct 28, 2025, 11:00 AM
Applied Industrial Technologies Reports Fiscal 2026 First Quarter Results
AIT
Earnings
Guidance Update
Dividends
- For the fiscal 2026 first quarter ended September 30, 2025, Applied Industrial Technologies reported net sales of $1.2 billion, an increase of 9.2% year-over-year, with organic sales up 3.0%.
- The company achieved net income of $100.8 million and diluted earnings per share of $2.63, representing an 11.4% increase year-over-year for both metrics.
- Applied Industrial Technologies increased its fiscal 2026 EPS guidance to a range of $10.10 to $10.85, while reiterating its sales and EBITDA margin guidance.
- A quarterly cash dividend of $0.46 per common share was declared, payable on November 28, 2025.
Oct 28, 2025, 10:30 AM
Applied Industrial Technologies secures new $900 million credit facility
AIT
Debt Issuance
New Projects/Investments
M&A
- APPLIED INDUSTRIAL TECHNOLOGIES, INC. entered into a new $900 million senior unsecured revolving credit facility on October 24, 2025.
- The Credit Facility matures on October 24, 2030, and permits an increase of the total commitment amount by up to an additional $800 million.
- The company intends to use the funds to refinance its existing credit facility and for ongoing working capital and general corporate purposes, which may include acquisitions.
- Key financial covenants include maintaining an interest coverage ratio of not less than 2.75 to 1.0 and a net leverage ratio not exceeding 3.75 to 1.0, which can be increased to 4.25 to 1.0 for certain material acquisitions.
Oct 24, 2025, 8:05 PM
Applied Industrial Technologies Q3 2025 Earnings & Financial Highlights
AIT
Earnings
Guidance Update
M&A
Share Buyback
- EBITDA exceeded expectations, up 7% YoY with margins expanding by 59bps driven by strong cost controls, enhanced pricing, and robust cash generation .
- Updated fiscal 2025 guidance now projects full-year EPS of $9.85 to $10 and Q4 EPS of $2.52 to $2.67, along with a new 1.5M share repurchase authorization and a $0.46 dividend per share .
- Net sales reached $1.2B (up 1.8% YoY) with net income of $99.8M (or $2.57 EPS) .
- Overall organic sales declined approximately 3% YoY (with a 3.1% drop in daily sales), partially offset by acquisitions delivering over 660 basis points of growth .
- Acquisitions, including the positive contribution from the Hydradyne deal and the announced purchase of IRIS Factory Automation, bolstered performance .
- Segment highlights showed a modest decline for the Service Center unit, while Engineered Solutions achieved 13.5% YoY sales growth through active acquisition integration .
May 1, 2025, 2:01 PM
Quarterly earnings call transcripts for APPLIED INDUSTRIAL TECHNOLOGIES.
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