Applied Industrial Q1 revenue rockets 7.6% to $1.3 billion

Full story: https://grafa.com/en/news/united-states/applied-industrial-technologies-q1-2027-earnings-guidance

Key points

Applied Industrial Technologies (NYSE:AIT) reported fiscal first-quarter 2027 net sales of $1.3 billion, up 7.6% year over year, while net income increased to $110.4 million.
Operating income rose 11.3% to $143.6 million, EBITDA increased 9.6% to $160.3 million, and organic sales grew 7.1%.
The company increased its fiscal 2027 earnings forecast to $11.70–$12.20 per share while maintaining its sales growth and EBITDA margin outlook.

Applied Industrial Technologies (NYSE:AIT) reported fiscal first-quarter 2027 net sales of $1.3 billion, up 7.6% year over year, while net income increased 12.7% to $110.4 million.

Organic sales increased 7.1%, excluding acquisition and foreign currency effects, with Engineered Solutions sales rising 14.1% and Service Center sales growing 3.5%.

Operating income rose 11.3% to $143.6 million, while EBITDA increased 9.6% to $160.3 million; operating cash flow reached $86.4 million and free cash flow totaled $73.4 million.

The company raised its fiscal 2027 earnings guidance to $11.70–$12.20 per share from $11.65–$12.15, while maintaining its sales growth forecast of 4–6.5% and EBITDA margin outlook of 12.5%–12.8%.

Applied reported that first-quarter results included $5.6 million in pretax LIFO expense, compared with $2.6 million a year earlier, and said its revised earnings forecast reflected a lower expected diluted share count following share repurchases.

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Operating income rose 11.3% to $143.6 million, EBITDA increased 9.6% to $160.3 million, and organic sales grew 7.1%. The company increased its fiscal 2027 earnings forecast to $11.70–$12.20 per share while maintaining its sales growth and EBITDA margin outlook. Applied Industrial Technologies (NYSE:AIT) reported fiscal first-quarter 2027 net sales of $1.3 billion, up 7.6% year over year, while net income increased 12.7% to $110.4 million. Organic sales increased 7.1%, excluding acquisition and foreign currency effects, with Engineered Solutions sales rising 14.1% and Service Center sales growing 3.5%. Operating income rose 11.3% to $143.6 million, while EBITDA increased 9.6% to $160.3 million; operating cash flow reached $86.4 million and free cash flow totaled $73.4 million. The company raised its fiscal 2027 earnings guidance to $11.70–$12.20 per share from $11.65–$12.15, while maintaining its sales growth forecast of 4–6.5% and EBITDA margin outlook of 12.5%–12.8%. 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