Earnings ·
Reports Q1 FY27 EPS of $2.97 and raises full-year guidance to $11.70-$12.20
AITApplied Industrial Technologies Inc
Applied Industrial Technologies reported fiscal 2027 first-quarter net income of $110.4 million, or $2.97 per share, up 12.7% year over year. Net sales reached $1.3 billion, a 7.6% increase driven by a 14.1% surge in the Engineered Solutions segment and a 3.5% rise in Service Centers. The company raised its full-year EPS guidance to $11.70-$12.20 from $11.65-$12.15, while maintaining sales growth and EBITDA margin targets. Additionally, the board declared a quarterly cash dividend of $0.51 per share payable on November 30, 2026, and appointed Joe A. Raver as independent chairman following Peter C. Wallace's retirement. Applied Industrial Technologies is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies.