Applied Industrial Technologies Q2 Net Sales Rise 8.4% to USD 1.2 Billion

Reuters
01/27
<a href="https://laohu8.com/S/AMAT">Applied</a> Industrial Technologies <a href="https://laohu8.com/S/QTWO">Q2</a> Net Sales Rise 8.4% to USD 1.2 Billion

Applied Industrial Technologies Inc. $(AIT)$ reported its fiscal 2026 second quarter (Q2) results, with net sales of USD 1.2 billion, up 8.4% year over year. Organic sales grew 2.2%, with the Service Center segment increasing 2.9% and the Engineered Solutions segment rising 0.5%. Net income for the quarter was USD 95.3 million, or USD 2.51 per diluted share, representing a 4.6% increase. Operating income reached USD 123.2 million and EBITDA was USD 140.4 million, up 3.9%. Operating cash flow for the quarter was USD 99.7 million, while free cash flow totaled USD 93.4 million. The company raised its quarterly dividend by 11% to USD 0.51 per share and announced the acquisition of Thompson Industrial Supply Inc. For fiscal year 2026, Applied Industrial Technologies adjusted its guidance to an EPS range of USD 10.45 to 10.75 and projected sales growth between 5.5% and 7.0%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Applied Industrial Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000109563-26-000013), on January 27, 2026, and is solely responsible for the information contained therein.

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