APPLIED INDUSTRIAL TECHNOLOGIES INC — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Applied Industrial Technologies reported Q1 FY27 net sales of $1.3 billion (+7.6% YoY organic +7.1%), net income of $110.4 million ($2.97 diluted EPS), and EBITDA of $160.3 million (+9.6% YoY). The company modestly raised full-year FY27 EPS guidance to $11.70–$12.20 (from $11.65–$12.15) due to lower share count from Q1 buybacks totaling $80 million, while maintaining sales guidance of +4.0% to +6.5% and EBITDA margin guidance of 12.5%–12.8%. Separately, Peter Wallace retired as Chairman after 21 years on the Board; Joe Raver, a director since 2017, was elected as independent Chairman.
Why this rating
Strong Q1 execution (+13% EPS growth YoY, margin expansion, double-digit Engineered Solutions growth) and modest guidance raise are positive but modest relative to $9.5B market cap; routine leadership transition. No material M&A, cost restructuring, or strategic shift.
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