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%.

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