Applied Industrial Technologies Reports Fiscal Q1 Earnings and Revenue Growth

Applied Industrial Technologies announced its financial results for the first quarter of fiscal 2027, which ended September 30, 2026. The company reported net sales of $1.3 billion, representing a 7.6% increase compared to the prior year, with organic sales growth of 7.1%. Net income for the quarter reached $110.4 million, or $2.97 per share, marking a 12.7% increase year-over-year. Operating income rose 11.3% to $143.6 million, while EBITDA grew 9.6% to $160.3 million. Following these results, the company increased its fiscal 2027 EPS guidance to a range of $11.70 to $12.20, while reiterating its outlook for annual sales growth and EBITDA margins.