Applied Industrial Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission, reporting first-quarter financial results including net sales of $1,291,170 thousand and net income of $110,403 thousand.

Key Highlights

  • Net sales of $1,291,170 thousand for the three months ended September 30, 2026, compared to $1,199,523 thousand in the same period a year earlier, according to the filing.
  • Net income of $110,403 thousand for the quarter, up from $100,807 thousand in the prior-year period, the company reported.
  • Diluted earnings per share of $2.97 for the three months ended September 30, 2026, versus $2.63 in the comparable prior-year quarter.
  • Operating income of $143,592 thousand, compared to $129,030 thousand in the three months ended September 30, 2025.
  • Treasury share repurchases of $80,034 thousand in cash during the quarter, with 245 thousand shares purchased for treasury, per the filing.
  • Cash and cash equivalents of $112,236 thousand at September 30, 2026, down from $127,130 thousand at June 30, 2026.
  • 36,514,982 shares of common stock outstanding as of October 16, 2026, the filing disclosed.

Applied Industrial Technologies Reports First-Quarter Results for Period Ended September 30, 2026

According to the Form 10-Q filed on NYSE:AIT, Applied Industrial Technologies, Inc. reported net sales of $1,291,170 thousand for the three months ended September 30, 2026, an increase from $1,199,523 thousand in the three months ended September 30, 2025. Cost of sales was $898,957 thousand, yielding gross profit of $392,213 thousand, compared to gross profit of $361,429 thousand in the prior-year quarter. Selling, distribution and administrative expense, including depreciation, was $248,621 thousand for the quarter.

The company disclosed operating income of $143,592 thousand for the quarter, up from $129,030 thousand in the year-ago period. Income before income taxes was $140,941 thousand, and income tax expense was $30,538 thousand, resulting in net income of $110,403 thousand. Basic net income per share was $3.01 and diluted net income per share was $2.97, based on weighted average diluted shares outstanding of 37,180 thousand, the filing stated.

On the balance sheet, total assets were $2,983,749 thousand at September 30, 2026, compared to $3,009,973 thousand at June 30, 2026. Long-term debt stood at $282,300 thousand, up from $262,300 thousand at June 30, 2026, reflecting net borrowings under the revolving credit facility. The filing reported that net cash provided by operating activities was $86,376 thousand for the quarter, while purchases of treasury shares consumed $80,034 thousand in cash. Dividends paid during the quarter totaled $18,767 thousand. Total shareholders' equity was $1,884,316 thousand at September 30, 2026, compared to $1,861,749 thousand at June 30, 2026.

What Was Disclosed

Applied Industrial Technologies filed its quarterly report covering the three months ended September 30, 2026, disclosing net sales of $1,291,170 thousand, net income of $110,403 thousand, diluted EPS of $2.97, total assets of $2,983,749 thousand, and treasury share repurchases of $80,034 thousand for the period.