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Applied Industrial Technologies
Applied Industrial Technologies (AIT) investor relations material
Applied Industrial Technologies Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary27 Jan, 2026
Executive summary
Net sales increased 8.4% year-over-year to $1.16–$1.2 billion, driven by acquisitions and organic growth of 2.2%.
Net income was $95.3 million ($2.51 per diluted share), up 4.6%–5.0% year-over-year, aided by a lower tax rate and reduced share count.
EBITDA for the quarter was $140.4 million, up 3.9% year-over-year.
Capital deployment included an 11% dividend increase, $143 million in share repurchases in the first half, and the acquisition of Thompson Industrial Supply to expand the Service Center segment.
Hydradyne acquisition contributed over $30 million EBITDA in its first 12 months and was accretive to margins.
Financial highlights
Sales rose 8.4% year-over-year to $1.16 billion, with organic growth of 2.2% and acquisitions contributing $64.9 million.
Gross margin was 30.4%, down 19 bps year-over-year due to $6.9 million LIFO expense.
EBITDA margin was 12.1%, down 52 bps year-over-year, impacted by LIFO.
Free cash flow was $93.4 million for the quarter, with conversion near 98% of net income.
Operating income for the quarter was $123.2 million.
Outlook and guidance
FY2026 EPS guidance raised to $10.45–$10.75; sales growth expected at 5.5%–7.0% with organic growth of 2.5%–4.0%.
EBITDA margin guidance at 12.2%–12.4%.
LIFO expense now expected at $24–$26 million for the year.
Guidance assumes ongoing macro and policy uncertainty, inflationary headwinds, and growth investments.
Management expects the full-year effective tax rate for fiscal 2026 to be in the 23.0% to 24.0% range.
Quantify LIFO expense impact on FY26 EPS?
January organic sales trend vs. FY26 guidance?
Thompson acquisition: strategic fit for MRO growth?
What drives the increased LIFO expense outlook?
How will ES order strength translate to sales growth?
Describe M&A pipeline and expected acquisition pace.
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Next Applied Industrial Technologies earnings date
Q3 202630 Apr, 2026
Applied Industrial Technologies
Next Applied Industrial Technologies earnings date
Q3 202630 Apr, 2026
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Frequently asked questions
Applied Industrial Technologies Inc is an industrial distributor that provides motion control, fluid power, and other engineered solutions. The company offers bearings, power transmission products, hydraulics, and related services to manufacturing, energy, and infrastructure customers. It operates through a network of service centers across North America and other regions. Applied Industrial Technologies Inc is headquartered in Cleveland, Ohio, and its shares are listed on the NYSE.
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