Applied Industrial Technologies, Inc. ( (AIT) ) has released its Q1 earnings. Here is a breakdown of the information Applied Industrial Technologies, Inc. presented to its investors.
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Applied Industrial Technologies, Inc. is a leading distributor and technical solutions provider specializing in industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, serving various industrial markets through its multi-channel capabilities.
The company reported strong fiscal 2026 first-quarter results with net sales reaching $1.2 billion, marking a 9.2% increase year-over-year. This growth was driven by both organic sales and acquisitions, despite a slight negative impact from foreign currency translation.
Key financial highlights include a net income of $100.8 million, or $2.63 per diluted share, reflecting an 11.4% increase from the previous year. Operating income stood at $129.0 million, while EBITDA rose by 13.4% to $146.3 million. The company also reported an operating cash flow of $119.3 million and free cash flow of $112.0 million. Notably, the Service Center segment saw a 4.4% increase in organic sales, while the Engineered Solutions segment experienced a slight decline.
Looking ahead, Applied Industrial Technologies has modestly increased its fiscal 2026 EPS guidance to a range of $10.10 to $10.85, while maintaining its sales and EBITDA margin guidance. The company remains cautiously optimistic about gradual improvements in end-market demand, despite ongoing macroeconomic uncertainties and inflationary pressures.
Overall, the company is encouraged by positive momentum and is actively pursuing growth opportunities through internal initiatives and a robust M&A pipeline, positioning itself for continued success in the evolving industrial sector.