APPLIED INDUSTRIAL TECHNOLOGIES INC

Applied Industrial Technologies, Inc. filed its 10-K for the fiscal year ended June 30, 2026, detailing its operations as a leading value-added distributor. The company reported an aggregate market value of $9.51 billion for non-affiliate common equity as of December 31, 2025, and had 36,698,856 shares outstanding as of July 31, 2026. Its business is segmented into Service Center (64% of 2026 sales) and Engineered Solutions (36% of 2026 sales), with 88% of sales generated in the US.

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.

Applied Industrial Technologies Inc. announced that its Corporate Governance & Sustainability Committee accepted the resignation of Mary Dean Hall as a director. Her resignation will be effective as of the company's next annual meeting of shareholders.

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.

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.