Quarterly ResultApr 28, 2026, 09:12 AM
AIT Q3 Net Sales $1.3B (+7.3%); EPS $2.65 (+3.1%); Authorizes 3M Share Buyback
AI Summary
Applied Industrial Technologies reported fiscal 2026 third-quarter net sales of $1.3 billion, up 7.3% year-over-year, with organic sales up 6.0%. Net income was $99.8 million, or $2.65 per share, a 3.1% increase in EPS. The company also announced a new authorization to repurchase up to 3.0 million shares of its common stock and updated its fiscal 2026 guidance, raising the lower end of its EPS and total sales growth outlook.
Key Highlights
- Board authorized a new share repurchase program for up to 3.0 million shares of common stock.
- Q3 2026 Net Sales increased 7.3% year-over-year to $1.3 billion; organic sales grew 6.0%.
- Q3 2026 Net Income was $99.8 million; Diluted EPS was $2.65, up 3.1% year-over-year.
- Q3 2026 Operating Income was $137.9 million; EBITDA was $153.9 million, up 6.2% year-over-year.
- Q3 2026 Operating Cash Flow was $100.1 million; Free Cash Flow was $95.4 million.
- Updated FY26 EPS guidance to $10.64 to $10.75 (prior $10.45 to $10.75).
- Updated FY26 Total Sales Growth guidance to 7.2% to 7.7% (prior 5.5% to 7.0%).
- Service Center segment sales increased 4.2%; Engineered Solutions segment sales increased 9.3%.