Applied Industrial achieves fiscal-year sales milestone at $5 billion

• Applied Industrial Technologies (NYSE:AIT) reported fiscal 2026 revenue of $5 billion, up 8.8% year over year, with fourth-quarter sales reaching $1.4 billion.
• Full-year net income increased to $414.5 million, while EBITDA rose 10% to $618.2 million.
• The company issued FY 2027 guidance for sales growth of 4% to 6.5% and EPS of $11.65 to $12.15.

Applied Industrial Technologies (NYSE:AIT) reported fiscal 2026 fourth-quarter sales of $1.4 billion and full-year sales of $5 billion, with both periods showing year-over-year growth.

Fourth-quarter sales increased 10.4% year over year, including 9.7% organic growth, while net income reached $118.6 million, or $3.17 per share, and EBITDA increased 16.1% to $177.6 million.

The company’s Engineered Solutions segment sales increased 12.9% organically in the fourth quarter, while Service Center segment sales increased 7.9%, with quarterly operating income reaching $159.3 million.

For fiscal 2026, Applied Industrial Technologies reported operating income of $549.5 million, net income of $414.5 million, or $10.95 per share, and EBITDA of $618.2 million, up 10% year over year.

Applied Industrial Technologies distributes industrial products and provides technical solutions covering motion, fluid power, flow control, automation technologies, and maintenance supplies.

The company established fiscal 2027 guidance including total sales growth of 4% to 6.5% and EPS of $11.65 to $12.15, while increasing its intermediate financial targets to $7 billion in sales and EBITDA margins of 14%.