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.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.