Applied Industrial Technologies Files 10-K: Record FY2026 Sales of $5.0B, EPS $10.95, and $317M in Buybacks
AIT sits 50% above its 52-week low of $238.34.
Summary
Applied Industrial Technologies reported record fiscal 2026 results with $5.0 billion in sales and EPS of $10.95, while aggressively returning capital through $317 million in buybacks and reducing debt by $310 million.
Key Events · Earnings and Guidance · AIT
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Record FY2026 Sales and EPS
Net sales rose 8.8% to $4.97 billion, with organic growth of 5.4%. Diluted EPS increased 8.2% to $10.95 from $10.12 in fiscal 2025.
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Aggressive Share Repurchases
The company repurchased 1,162,863 shares for $317.2 million in FY2026, up from $152.8 million in FY2025. A new 3.0 million share authorization was approved on April 22, 2026, with 2.85 million shares remaining.
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Debt Reduction and Refinancing
Total debt fell to $262.3 million from $572.3 million, a $310 million reduction. A new $900 million revolving credit facility was entered in October 2025, and the AR securitization facility was extended to July 2028.
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Segment Performance
Service Center operating income rose to $426.1 million (13.4% margin) and Engineered Solutions to $210.5 million (11.8% margin), driven by volume growth and acquisitions.
Analysis · AIT · Trade & Services
The 10-K confirms record fiscal 2026 results with sales up 8.8% to $5.0 billion and diluted EPS of $10.95, up 8.2% year-over-year. The company repurchased 1.16 million shares for $317 million and authorized a new 3.0 million share buyback program, signaling confidence in cash generation. Debt was reduced by $310 million to $262 million, strengthening the balance sheet. The filing also details a new $900 million revolving credit facility and extended AR securitization, providing ample liquidity for acquisitions and capital returns.
At the time of this filing, AIT was trading at $357.62 on NYSE in the Trade & Services sector, with a market capitalization of approximately $13.2B. The 52-week trading range was $238.34 to $374.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.