Quarterly ResultApr 28, 2026, 04:09 PM
AIT Q3 Net Sales +7.3% to $1.25B; Diluted EPS $2.65
AI Summary
APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT) reported Q3 net sales of $1.25 billion, a 7.3% increase year-over-year, with diluted EPS rising 3.1% to $2.65. For the nine months ended March 31, 2026, net sales grew 8.2% to $3.61 billion and diluted EPS increased 6.3% to $7.79. The company also acquired Thompson Industrial Supply for $9 million in January 2026 and made significant net payments of $207 million on its revolving credit facility.
Key Highlights
- Q3 Net Sales: $1,251.5 million, up 7.3% from $1,166.7 million YoY.
- Q3 Diluted EPS: $2.65, up 3.1% from $2.57 YoY.
- Nine-month Net Sales: $3,614.0 million, up 8.2% from $3,338.7 million YoY.
- Nine-month Diluted EPS: $7.79, up 6.3% from $7.33 YoY.
- Acquired Thompson Industrial Supply for $9 million in January 2026.
- Hydradyne acquisition contributed $65.7 million in Q3 sales.
- Net payments under revolving credit facility: $(207.0) million for nine months.
- Purchases of treasury shares: $(236.4) million for nine months.
Price Impact
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