Earnings ·
Applied Industrial Technologies reported fiscal 2026 fourth-quarter net sales of $1.4 billion, up 10.4%…
AITApplied Industrial Technologies Inc
Applied Industrial Technologies reported fiscal 2026 fourth-quarter net sales of $1.4 billion, up 10.4% year-over-year, and net income of $118.6 million, or $3.17 per diluted share, up 13.2%. Full-year net sales reached $5.0 billion, an 8.8% increase, with full-year net income of $414.5 million, or $10.95 per diluted share. The company issued fiscal 2027 guidance projecting total sales growth of 4.0% to 6.5% and earnings per share between $11.65 and $12.15. Additionally, management raised intermediate financial targets to achieve $7 billion in sales and 14% EBITDA margins over the next five years. Applied Industrial Technologies operates as a value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.