Applied Industrial Q4 Net Sales $1.4B; Raises FY27 Guidance & Long-Term Targets
Applied Industrial Technologies reported strong fiscal 2026 fourth quarter and full-year results, exceeding expectations with record sales, EBITDA, and EPS. Fourth-quarter net sales increased 10.4% to $1.4 billion, and full-year net sales rose 8.8% to $5.0 billion. The company issued positive guidance for fiscal 2027, projecting EPS between $11.65 and $12.15 and total sales growth of 4.0% to 6.5%. Additionally, Applied Industrial Technologies increased its intermediate financial targets to $7 billion in sales and 14% EBITDA margins.
Key Highlights
- Fourth Quarter Net Sales of $1.4 billion, up 10.4% YoY (9.7% organic).
- Fourth Quarter Net Income of $118.6 million, or $3.17 per share, up 13.2% YoY.
- Full-Year Net Sales of $5.0 billion, up 8.8% YoY (5.4% organic).
- Full-Year Net Income of $414.5 million, or $10.95 per share, up 8.2% YoY.
- Fiscal 2027 EPS guidance set at $11.65 to $12.15.
- Fiscal 2027 total sales growth guidance of 4.0% to 6.5%.
- Updated intermediate financial targets to $7 billion in sales and 14% EBITDA margins.
- Q4 organic sales growth: Engineered Solutions +12.9%, Service Center +7.9%.
Price Impact
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