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Applied Industrial Technologies, Inc. AIT Q1 2027 earnings

Reported October 27, 2026 · Before market open

Revenue$1.3BIn line
EPS$2.97Beat by $0.08
Revenue estimate$1.3B
EPS estimate$2.89
“We had an encouraging start to fiscal 2027. First quarter EPS grew 13% year over year reflecting a favorable demand environment and solid margin performance. Sales growth was led by our Engineered Solutions segment, where our leading engineering capabilities and market positioning drove strong mid-teens organic sales growth, as well as ongoing positive order momentum. Service Center segment sales growth strengthened through the quarter, with positive trends continuing into October. In addition, we continue to manage broader inflationary pressures very well through ongoing gross margin initiatives, cost control, and channel execution. Combined with favorable mix, EBITDA margins expanded over the prior year and achieved the high-end of our first quarter guidance.”
Neil A. Schrimsher

Next report

Jan 26, 2027 (in 3 months)
Revenue estimate$1.3B
EPS estimate$2.81

Financials

Q1 2027

Income statement

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Revenue$1.3B+7.6%
Gross profit$392.2M+8.5%
Operating income$143.6M+11.3%
Net income$110.4M+9.5%
EPS (diluted)$2.97+12.9%

Balance sheet

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Cash & equivalents$112.2M-73.2%
Total debt$282.3M-50.7%
Total equity$1.9B0.0%
Total assets$3.0B-6.3%

Cash flow

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Operating cash flow$86.4M-27.6%
CapEx$13.0M+78.2%
Free cash flow$73.4M-34.5%

Valuation & ratios

Valuation

as of 10/27/26
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Market cap$11.64B+21.5%
Enterprise value$11.81B+21.3%
P/E27.5×+3.6×
P/S2.3×+0.2×

Profitability

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Gross margin30.4%0.0pp
Operating margin11.2%+0.1pp
Net margin8.4%-0.2pp
FCF margin8.3%-1.4pp

Returns & leverage

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Return on equity22.5%+0.4pp
Debt / equity0.1×-0.2×
Current ratio2.9×-0.7×

Segments

By segment

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Service Center$816.6M+4.2%
Engineered Solutions$493.0M+13.7%

FAQ

When did Applied Industrial Technologies, Inc. report Q1 2027 earnings?
Applied Industrial Technologies, Inc. (AIT) reported Q1 2027 earnings on October 27, 2026 before market open.
What were Applied Industrial Technologies, Inc.'s Q1 2027 revenue and EPS?
Applied Industrial Technologies, Inc. reported revenue of $1.3B and eps of $2.97 for Q1 2027.
Did Applied Industrial Technologies, Inc. beat estimates in Q1 2027?
Revenue missed the consensus estimate of $1.3B by $21.0K. EPS beat the consensus estimate of $2.89 by $0.08.
How did Applied Industrial Technologies, Inc.'s Q1 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.6% from $1.2B a year earlier and eps grew 12.9% from $2.63.
Where can I find Applied Industrial Technologies, Inc.'s Q1 2027 SEC filings?
You can read the 8-K earnings release (0000109563-26-000051) and the 10-Q periodic report (0000109563-26-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.