Applied Industrial Technologies — Fiscal 2027 Q1 Earnings Summary

Applied Industrial Technologies reported fiscal 2027 first-quarter net sales of $1.3 billion, representing a 7.6% year-over-year increase driven by a 14.1% growth in the Engineered Solutions segment. The company achieved net income of $110.4 million, or $2.97 per diluted share, while operating income rose 11.3% to $143.6 million and EBITDA increased 9.6% to $160.3 million. Management raised its full-year 2027 earnings per share guidance to a range of $11.70 to $12.20, citing favorable demand and strong margin performance, while maintaining sales growth and EBITDA margin targets. Additionally, the Board appointed Joe A. Raver as the new independent Chairman, succeeding Peter C. Wallace, and declared a quarterly dividend of $0.51 per share.