Earnings Releases·Oct 27, 2026, 9:31 AM ET

Applied Industrial Technologies — Fiscal 2027 Q1 Earnings Summary

Net sales rose 7.6% year-over-year to $1.3 billion, while net income increased 12.7% to $110.4 million ($2.97 per diluted share), driven by 7.1% organic growth and strong segment performance.
Fiscal 2027 EPS guidance was raised to $11.70–$12.20 (from $11.65–$12.15) due to a lower diluted share count assumption from share repurchases; sales and EBITDA margin guidance remain unchanged.
Engineered Solutions segment organic sales grew 14.1% and Service Center segment grew 3.5%, with management citing favorable demand, positive order momentum, and solid margin execution.
The Board declared a quarterly cash dividend of $0.51 per share and appointed Joe A. Raver as the new independent Chairman following the retirement of Peter C. Wallace.