Applied Industrial Technologies, Inc. (NYSE:AIT) ranks among the mid-cap stocks to buy according to top investors. KeyBanc reduced its price target for Applied Industrial Technologies, Inc. (NYSE:AIT) to $300 from $310 on January 28, keeping an Overweight rating on the industrial equipment distributor. The drop came after what KeyBanc indicated as “mixed” fiscal second-quarter earnings and a lower EBITDA margin forecast from the company. Pixabay/Public Domain The company posted Q2 revenues of $1.16 bill ...

Have you looked into how Applied Industrial Technologies (AIT) performed internationally during the quarter ending December 2025? Considering the widespread global presence of this industrial products company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and g ...

Key Takeaways AIT beat Q2 earnings estimates with EPS up 4.6% year over year, despite a slight revenue miss.AIT's Engineered Solutions segment surged 19.1% on acquisition-driven growth and pricing gains.AIT raised its dividend by 11% and narrowed fiscal 2026 earnings guidance on steady demand trends.Applied Industrial Technologies, Inc. (AIT) reported second-quarter fiscal 2026 (ended Dec. 31, 2025) earnings of $2.51 per share, which surpassed the Zacks Consensus Estimate of $2.48. The bottom line increased ...

Financial Performance - Net sales for the three months ended December 31, 2025, reached $1,163,023, an increase from $1,073,001 in the same period of 2024, representing an 8.4% growth[11] - Gross profit for the six months ended December 31, 2025, was $714,763, compared to $653,132 for the same period in 2024, reflecting a 9.4% increase[11] - Net income for the three months ended December 31, 2025, was $95,349, up from $93,290 in 2024, indicating a 2.2% increase[11] - The company reported a diluted net income per share of $2.51 for the three months ended December 31, 2025, compared to $2.39 in 2024, marking a 5.0% increase[11] - For the six months ended December 31, 2025, total net sales were $2,362,546, an increase from $2,171,945 in 2024, representing a growth of 8.8%[39] - Net income for the six months ended December 31, 2025, was $196,156, compared to $185,353 for the same period in 2024, representing a growth of 5.0%[11] Assets and Liabilities - Total assets as of December 31, 2025, were $3,159,322, a slight decrease from $3,175,544 as of June 30, 2025[16] - The total current liabilities decreased to $475,482 as of December 31, 2025, from $526,151 as of June 30, 2025, indicating a reduction of 9.6%[16] - The company has a total debt of $572,300 as of December 31, 2025, which includes a revolving credit facility of $384,000 and a trade receivable securitization facility of $188,300[62] - Total shareholders' equity increased to $1,874,408,000 as of December 31, 2025, up from $1,883,755,000 at the end of the previous quarter[22] Cash Flow and Dividends - Cash and cash equivalents increased to $405,986 as of December 31, 2025, from $388,417 at the end of June 2025, showing a growth of 4.1%[16] - The company paid dividends totaling $34,723 during the six months ended December 31, 2025, compared to $28,469 in the same period of 2024, representing a 22.0% increase[19] - Net cash provided by operating activities for the six months ended December 31, 2025, was $218,976, slightly down from $222,884 in 2024[19] Segment Performance - The Service Center segment focuses on maintenance and repair products, while the Engineered Solutions segment specializes in hydraulic and pneumatic technologies[31] - The Service Center segment generated net sales of $1,529.8 million for the six months ended December 31, 2025, compared to $1,473.6 million in the prior year, an increase of 3.8%[85] - The Engineered Solutions segment reported net sales of $832.7 million for the six months ended December 31, 2025, up from $698.4 million in the prior year, representing a 19.2% increase[85] Acquisitions - The company acquired Thompson Industrial Supply for $9.0 million on January 17, 2026, enhancing its Service Center segment[45] - Hydradyne, acquired on December 31, 2024, for $282,136, is now part of the Engineered Solutions segment, expanding the company's fluid power offerings[46] - The acquisition of Hydradyne on December 31, 2024, resulted in net sales of $63,128 thousand and net income of $3,581 thousand for the three months ended December 31, 2025[49] Accounting and Compliance - The company is currently evaluating the impact of new accounting standards issued by the FASB on its financial statements[32][34] - The company performed an annual goodwill impairment assessment on January 1, 2025, concluding that the fair value of all reporting units exceeded their carrying amounts, indicating no impairment[57] Operational Metrics - The number of employees was 6,794 at December 31, 2025, down from 6,916 at December 31, 2024[94] - The Manufacturing Capacity Utilization (MCU) index was 75.6 in December 2025, slightly down from 75.9 in September 2025, indicating a slight decline in industrial activity[94] Market and Revenue Insights - The United States contributed $1,024,050 to total net sales for the three months ended December 31, 2025, up from $929,549 in 2024, reflecting a growth of 10.2%[39] - Revenue from the United States for the six months ended December 31, 2025, was $2,080.5 million, up from $1,886.8 million in 2024, representing a growth of 10.3%[39] Financial Ratios and Expenses - Gross profit margin was 30.4% for the quarter, slightly down from 30.6% in the prior year, impacted by a $6.3 million increase in LIFO expense[103] - Selling, distribution, and administrative (SD&A) expenses rose by $22.9 million or 11.1%, accounting for 19.8% of sales compared to 19.3% in the prior year[104] - The effective income tax rate decreased to 22.3% from 23.9% due to the reversal of a tax valuation allowance related to Mexico[109]

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Gross margin was 30.4%, down 19 basis points from 30.6% in the prior-year quarter. CFO Dave Wells said LIFO expense totaled $6.9 million, above the company’s expectations and up from $0.7 million a year earlier, creating a 54-basis-point year-over-year drag on gross margin. Wells said the LIFO increase reflected broader product inflation and supplier price increases, as well as the company’s decision to increase inventory investment based on its outlook and “firming demand” developing across the business.In ...

Applied Industrial Technologies (NYSE:AIT) Q2 2026 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsBrett Linzey - Managing DirectorChris Dankert - Managing DirectorDave Wells - VP, CFO, and TreasurerDavid Manthey - Managing DirectorNeil Schrimsher - President and CEORyan Cieslak - Director of Investor Relations and TreasurySabrina Abrams - VPConference Call ParticipantsChristopher Glynn - Equity AnalystKen Newman - VP and Equity Research AnalystOperatorWelcome to the fiscal 2026 second quarte ...

Applied Industrial Technologies (NYSE:AIT) Q2 2026 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsBrett Linzey - Managing DirectorChris Dankert - Managing DirectorDave Wells - VP, CFO, and TreasurerDavid Manthey - Managing DirectorNeil Schrimsher - President and CEORyan Cieslak - Director of Investor Relations and TreasurySabrina Abrams - VPConference Call ParticipantsChristopher Glynn - Equity AnalystKen Newman - VP and Equity Research AnalystOperatorWelcome to the fiscal 2026 second quarte ...

For the quarter ended December 2025, Applied Industrial Technologies (AIT) reported revenue of $1.16 billion, up 8.4% over the same period last year. EPS came in at $2.51, compared to $2.39 in the year-ago quarter.The reported revenue represents a surprise of -0.78% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $2.48, the EPS surprise was +1.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

Applied Industrial Technologies (NYSE:AIT) Q2 2026 Earnings call January 27, 2026 10:00 AM ET Speaker1Welcome to the fiscal 2026 second quarter earnings call for Applied Industrial Technologies. My name is Mark, and I will be your operator for today's call. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session. If you wish to ask a question at that time, please press star followed by the number 1 on your telephone keypad. Prior to asking a question, ple ...