Applied Industrial Technologies Q1 2026 Earnings Release

Applied Industrial Technologies, Inc. reported its fiscal 2026 first quarter results, showing a 9.2% year-over-year increase in net sales to $1.2 billion. Net income rose to $100.8 million, or $2.63 per diluted share, an 11.4% increase from the previous year. The company also reported operating income of $129.0 million and EBITDA of $146.3 million, up 13.4% year-over-year. Operating cash flow was $119.3 million, with free cash flow at $112.0 million. The company increased its fiscal 2026 EPS guidance to a range of $10.10 to $10.85, while reiterating its sales and EBITDA margin guidance. The Service Center segment led organic sales growth, while the Engineered Solutions segment remained stable. The company also declared a quarterly cash dividend of $0.46 per common share.