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Applied Industrial Technologies, Inc. (AIT)
NYSE:AIT
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.65Last Year’s EPS
2.57Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple constructive operational and financial signals: solid consolidated sales growth (8.4%), improving order trends (engineered solutions orders +10% and automation orders +20%), strong cash generation, successful integration of Hydrodyne, continued buybacks and dividend increases, and encouraging early fiscal Q3 organic growth. Headwinds were concentrated in higher-than-expected LIFO expense that materially pressured reported margins, a seasonally weak December, mixed performance across certain end markets and some segment-level organic weakness (engineered solutions organic ~0.5%). Management characterized many negatives as timing or mix-related and articulated confidence in margin recovery and mid/high‑teen incremental EBITDA targets at mid-single-digit organic growth. Balancing the broad set of operational positives and strategic actions against the notable LIFO-driven margin drag and a few soft end markets, the highlights substantially outweigh the lowlights.Company Guidance
Consolidated Sales Growth
Consolidated sales increased 8.4% year-over-year in the quarter, with acquisitions contributing ~6 percentage points and currency a +0.2 point tailwind.
Organic Sales Momentum
Reported organic sales growth of 2.2% year-over-year for the quarter, with underlying strengthening through the period (November organic growth nearly mid-single-digits) and early fiscal Q3 month-to-date January organic sales up mid-single-digits year-over-year.
Engineered Solutions Order Strength
Orders in the engineered solutions segment increased over 10% year-over-year — the strongest quarterly order growth in that segment in over four years; book-to-bill was above 1 for the quarter.
Automation Outperformance
Automation orders rose 20% year-over-year in the quarter and organic automation sales were up ~3% year-over-year, indicating sustained demand for automation solutions.
Hydrodyne Acquisition Success
Hydrodyne generated over $30 million of EBITDA in the first 12 months of ownership, delivered >13% EBITDA margins in the quarter, and was modestly accretive to consolidated EBITDA, demonstrating successful integration and contribution.
Service Center Resilience
Service center segment organic sales increased 2.9% year-over-year (US service center sales up >4%), with double-digit growth in primary metals and aggregates service-center sales and mid-single-digit organic sales traction in January.
Margin Performance Excluding LIFO
Excluding LIFO impact, consolidated gross margin was 31.0%, up ~34 basis points year-over-year, and underlying margin performance and cost control led to reported EBITDA rising 3.9% year-over-year with reported EBITDA margin (12.1%) remaining within guidance.
Strong Cash Generation and Capital Deployment
Operating cash flow was $99.7M and free cash flow $93.4M (98% conversion vs. net income). Cash on hand ~$406M, net leverage ~0.3x, repurchased >$143M of shares YTD and announced an 11% quarterly dividend increase.
Strategic M&A and Regional Bolt-On
Announced acquisition of Thompson Industrial Supply (~$20M annual sales) to expand Southern California service center footprint; management expects additional targeted M&A over next 12–18 months focused on engineered solutions and service center optimization.
AIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | $281.54 | $262.34 | -6.82% |
Oct 28, 2025 | $259.52 | $257.56 | -0.76% |
Aug 14, 2025 | $274.75 | $272.08 | -0.97% |
May 01, 2025 | $241.94 | $227.47 | -5.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Applied Industrial Technologies, Inc. (AIT) report earnings?
Applied Industrial Technologies, Inc. (AIT) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Applied Industrial Technologies, Inc. (AIT) earnings time?
Applied Industrial Technologies, Inc. (AIT) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIT EPS forecast?
AIT EPS forecast for the fiscal quarter 2026 (Q3) is 2.65.